Browsing: Business

Hariga oil port, located in the eastern city of Tobruk, will resume production after the oil ministry reached a settlement with the port workers who shut down production in protest against workplace conditions, the ministry announced in a brief statement on Wednesday.

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Libyan Transportation Minister Mohamed Salem Al-Shoubi arrived in Cairo on Wednesday, where he met with Egyptian Minister of Aviation Mohamed Manar to discuss bilateral cooperation in the field of the aviation industry, according to a statement by the Egyptian Ministerial Council.

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The National Oil Corporation (NOC) has commissioned British firm Deloitte to audit the balance sheets of Mellitah and the Arabian Gulf Oil Company (AGOCO).

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The power struggle between Oil Minister Mohamed Aoun, and Mustafa Sanalla, chairman of the National Oil Corporation (NOC), is “possibly deliberately manipulated” by Prime Minister Abdul Hamid Dbeibeh, says American reporter Jason Pack.

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The National Oil Corporation (NOC) announced the resumption of crude export operations on Friday morning, in both Esidra and Ras Lanuf ports, after a shutdown which lasted a day.
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The Government of National Unity has failed to comply with the technical observations made by the House of Representatives regarding the budget, Abdel Salam Nassiyah, a member of parliament, told the House on Wednesday.

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Prime Minister of the Government of National Unity (GNU), Abdel Hamid Dbeibeh, said on Wednesday “the status of the National Oil Corporation (NOC) is being settled, or it is reconstituted, legally and administratively.”
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UN Support Mission in Libya (UNSMIL) welcomed on Tuesday the mediation exercised by Prime Minister of the Government of National Unity (GNU), Abdel Hamid Dbeibeh, “to ensure the unity and integrity of the National Oil Corporation (NOC).”
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The suspension of Mustafa Sanalla, chairman of the National Oil Corporation (NOC), is still in effect “awaiting enforcement by authorities”, the oil ministry said on Monday.

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Mustafa Sanalla will remain as the chairman of the National Oil Corporation (NOC) following a dispute with the oil ministry, which resulted in his suspension, Bloomberg reported on Monday, citing an official source.

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