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Home » NOC should develop oil fields to compensate for closures, legal expert suggests

NOC should develop oil fields to compensate for closures, legal expert suggests

Sunday, April 9, 2023 Business 2 Mins Read
NOC says it controlled eruption of well at Zueitina Oil Company

The National Oil and Gas Corporation should develop the Dhahra and Bahi fields to compensate for the closures, Libyan legal expert Hisham Al-Harati said. “Today’s priority is to work seriously on creating a recovery for the Libyan economy that achieves compensation for the damage caused by the closures of oil fields and ports since 2013, which negatively affected citizens’ living conditions,” Harati explained.

Al-Harati added in press statements that “given that oil wealth represents almost the only source of state revenues, it is necessary for the National Oil and Gas Corporation to take quick steps to address the oil infrastructure according to available means and mechanisms so that it can raise production capacity to the target level, keeping pace with global energy needs and benefiting from it in developing our income-generating resources.”

Finally, Al-Harati concluded by saying that catching mistakes and stirring public opinion around them, and using them to increase the scope of disputes is not useful for the sector, and correcting mistakes if they exist is a legal duty. He also emphasized that “we must understand that if we remain prisoners of offices and texts, public interest cannot be achieved, which comes first by following so as not to lag behind the ranks of countries exploiting the global energy situation and international demand for it.”

Bahi field Dhahra Oil Fiel Libya oil NOC OOTT
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