Page 10 - AfrOil Week 45 2022

AfrOil POLICY AfrOil

US special envoy to Libya urges quick

elections, fair distribution for oil revenue

LIBYA US special envoy to Libya Richard Norland has foreign forces.”
expressed his understanding of Libyans’ frustra- Libya has two rival administrations sup-
tion over continuous delays in holding presiden- ported by different militias and foreign powers.
tial and parliamentary elections. The country failed to hold elections in Decem-
Speaking at a news conference on Thursday, ber 2021, and a political dispute between those
November 10, at the headquarters of the Libyan loyal to Prime Minister Abdulhamid Dbeibah in
High National Elections Committee in Tripoli, Tripoli continued with the country’s east-based
he urged all parties to move swiftly towards pro- parliament and PM Fathi Bashagha, who has
ducing “a successful outcome.” for months sought to install his government in
He also urged implementing a fair and trans- Tripoli. ™
parent distribution mechanism for Libya’s oil
revenues, noting that such revenues are esti-
mated at $100-150mn per day and are being
transferred to Libya’s central bank account
abroad.
“We are seeing a greater interest than ever in
trying to come up with a mechanism whereby
Libyans can agree on how that money should
be spent and how to have an accountability and
oversight mechanism for transparent man-
agement of those funds,” he said, as quoted by
Reuters.
With respect to the security situation inside
the country, Norland commented: “Libyans
truly want to see progress on the issue of depar-
ture foreign mercenaries, foreign fighters and US Special Envoy Norland visited Tripoli on November 10 (Photo: US Embassy Libya)

PROJECTS & COMPANIES
Kosmos Energy: GTA Phase 1 preparations

about 85% complete as of end-September

MAURITANIA/SENEGAL US-BASED Kosmos Energy has estimated that gas to the hub. (One of the wells was recently
preparations for launching Phase 1 work at the completed, and gas was allowed to flow to the
Greater Tortue/Ahmeyim (GTA) block offshore rig during a “short clean-up period,” it noted.)
Senegal and Mauritania are about 85% complete These new wells brought production capacity up
as of the end of the third quarter of 2022. to 700mn cubic feet (19.8mn cubic metres) per
In a report on its interim results published day, significantly above the level of 400 mcf (11.3
November 7, Kosmos said that Phase 1 of the mcm) per day needed to sustain gas liquefaction
GTA project, which is operated by BP (UK), during Phase 1 of the GTA project, it added.
“continues to make good progress.” As of Sep-
tember 30, it reported, the partners had largely Vessels still at shipyards
wrapped up work on the offshore facility that BP and Kosmos have not yet installed a gas liq-
will serve as a gas hub at the block. They have uefaction facility at the block, as their floating
installed the living quarters platform and have LNG (FLNG) vessel – a former LNG tanker
begun commissioning activities, it explained. known as the Gimi LNG – has not yet finished
Additionally, it said, BP has drilled all four undergoing conversion at the Keppel shipyard
of the development wells that will pump natural in Singapore.

P10 www. NEWSBASE .com Week 45 10•November•2022