The Libyan NOC Houston Branch inaugurated its first international headquarters in Houston Friday.
The new office has been mandated to lead a 60 billion USD procurement drive to upgrade Libya’s oil and gas sector and increase production capacity to 2.1 million barrels per day by 2023, NOC said in a statement.
NOC’s Chairman, Mustafa Sanallah, said this is NOC’s first international office – a major milestone in the corporation’s journey as an NOC responsible for Africa’s largest proven oil reserves.