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Thursday 16 September 2021
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‘Oil to remain source of energy’

A Libyan oil expert predi cts that oil will for a long time remain the main source of energy in the world and that the global economy w i ll for years depend on its exploitation.

The Administrative Manager of China Oil Services Limited (COSL), Ashref Kamel Ha ssen, told PANA on the sidelines of a forum on “Oil and Gas in Libya” that effor t s in Europe and the west in general on bio-fuel and other techniques to seek alt e rnatives to hydrocarbons remain experiments and can in no way replace oil in the

long-term.

He underscored the importance of the forum, saying it offers prospects and enabl es Libya to show its potentials and crude oil reserves.

Answering a question on the freezing by the National Oil Corporation of Libya (N OC) of invitations to tender for new exploration blocks and the sharing of oil p r oduction, he said even though it was an issue that came within the competence of

state policy, it did not affect activities of companies settled in the country t h at had made discoveries in 2009.

The Operations and Planning Manager of Esnaad Oil Services Company, Jamal Musbah Bazena, said the year’s activities put a lot of emphasis on environmental issue s and ecological aspects.

There is also the presentation of new technologies aimed at reducing pollution t hrough proper oil extraction and a greater interest in recycling waste associate d with the oil exploitation.

He said in oil contracts respect for the environment and use of appropriate wast e management techniques were top priority.

Mourad Khalifa, Quality and Environment Manager of Al Rahila Oil Services Compan y, which specializes in the distribution of oil and by-products, underscored the increasi ng importance given to the environmental issue and respect for environmental sta n dards.

He said that his company, which currently had 103 oil stations all over the country, was conducting a maintenance project to restore all of them so

that they meet ecological and security standards.

The third edition of the “Oil and Gas Libya ” Forum which started on Monday is being attended by over 100 companies specialized in oil, gas and building and infrastructure.

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