Libya's Government of National Unity says talks with OQEP covered investment portfolios and possible cooperation under a June memorandum with the Libyan Investment Authority. No new project, funding commitment or final agreement has been publicly confirmed.
Mustafa Al-Mana and OQEP CEO Mahmoud bin Abdullah Al-Hashmi met to discuss investment portfolios and energy cooperation. Libya's Government of National Unity said the meeting followed a memorandum meant to explore joint opportunities. No new investment or project was announced. Reuters' late-September coverage places the talks within Libya's wider efforts to stabilize oil infrastructure and restore energy flows. As of September 28, it reported no publicly confirmed final agreement with OQEP.
The talks show that Libyan institutions and an Omani energy company remain in contact. They do not amount to a completed deal. No deal is public. The Libyan News Agency, or LANA, has also reported on other bilateral investment discussions in Libya. Those reports point to a wider diplomatic and commercial agenda, not a confirmed OQEP transaction.
A memorandum opens the investment track
Al-Mana is Head of the Executive Team for the Prime Minister's Initiatives and Strategic Projects. According to the Tripoli-based government, he and OQEP CEO Mahmoud bin Abdullah Al-Hashmi discussed existing investment portfolios, ongoing partnerships and expertise-sharing. They also discussed OQEP's capacity to manage economic initiatives and major strategic projects.
The government said the meeting continued work under a memorandum signed in June 2026 by the Libyan Investment Authority and OQEP. Prime Minister Abdel Hamid Aldabaiba was present. The memorandum provides for exploring joint investment opportunities in oil and gas exploration and production at bilateral and international levels. It names no project, funding amount or timetable. No project was named.
OQEP's upstream portfolio
OQEP is Oman's largest pure-play oil and gas exploration and production company. It is a key subsidiary of state-owned OQ, formerly known as Oman Oil Company. The company manages 14 onshore and offshore upstream assets in Oman. Its partners include BP, Shell, TotalEnergies and Occidental.
MEED's industry reporting also identifies OQEP's interests in blocks 36, 43A and 66. The company is also part of an offshore Block 80 agreement with Turkey's TPAO. The reported minimum exploration commitment for Block 80 is $90 million over an initial eight-year period. That figure applies to the Oman project. It is not a stated commitment to Libya.
Libya is pursuing other business links too. One separate initiative involves Korea-Libya forum plans with Korean companies. That is a different track from the OQEP discussions. LANA's reports on parallel bilateral investment talks also point to wider economic diplomacy. They do not show that a separate OQEP deal has been concluded.
Aldabaiba's government presents ties with Oman as part of a push to expand investment and institutional cooperation and diversify the national economy. The next test is whether talks lead to a defined project. So far, the memorandum and meeting establish a channel for discussion, not committed capital or new production. Confirmation would require a published agreement or project announcement that sets out responsibilities, investment and timing.
Reuters' late-September Libya coverage and LANA's investment updates provide context on the wider diplomatic and energy agenda. Neither changes the status of the OQEP talks. Available reporting has not publicly confirmed a final contract or investment decision.
