Browsing: Business

Libyan Oil Minister Mohamed Aoun said on Saturday that the decision to assign Mustafa Sanalla as board chairman of the National Oil Corporation (NOC) in 2014 is “legally invalid” because it was not authorized by the ministerial council at that time.

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A leak in the 30-inch pipeline connecting the Jalu to Waha oilfield in central Libya has forced the National Oil Corporation (NOC)  to reduce oil production in that field, the state-owned oil company announced on Tuesday.

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Turkish President, Recep Erdogan, demanded the Prime Minister of the of the Libyan Government of National Unity (GNU), Abdul Hamid Dbeibeh, who is visiting Istanbul these days, to pay an amount of 5 billion dinars ($3.8 billion), as “debts owed from previous years, according to press sources.
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Mustafa Sanalla, chairman of the National Oil Corporation (NOC), held talks last Thursday with Khaled Al-Konsel, general manager of the Libyan Foreign Bank, to review joint cooperation between the two state-owned institutions, according to a statement by the NOC.

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