Libya’s National Oil Corp Signs Deal with French Building Firm to Develop its New Headquarters

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Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an office complex in the eastern city of Benghazi that will house the company’s headquarters, Reuters has reported.

There have been plans for years to move the state oil firm’s headquarters from the capital Tripoli back to Benghazi, but it remains unclear when such a transfer could happen.

NOC did not say when the complex would be built.

 The buildings will include offices for other oil companies and a branch of Libya’s central bank, as well as a hotel complex and a conference center, NOC said in a statement.
 It said the deal had been signed by NOC Chairman Mustafa Sanalla and Artelia executive director Alberto Romeo on Friday, and that funding would come from commercial banks. There were no details on the cost of the project.

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