Economic Relations

The bilateral economic ties between the State of Libya and the Republic of India are excellent and Long-term relations. There are several trade and economic projects running by various Indian companies in Libya such as; Indian Oil Corporation –ONGC Videsh- Bharat Heavy Equipment Ltd, especially in the field of oil, energy, construction, information and technology. The Indian companies over the past three decades established number of projects in Libya, including building of hospitals, schools, roads, power projects, dams, food industry, medicines, pharmaceuticals, chemicals, machinery, transport equipment, natural silk, fabrics and other goods. On the other hand, the imports from Libya to India are crude oil and other petroleum products. During the year 2012, India imported 3% of the total Libya crude oil.

The two sides seek to develop the level of economic partnership through the completion of several economic agreements and achieve more prospects of joint cooperation.


Related Links
  • NID Libya
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