The National Oil Corporation (NOC) has commissioned British firm Deloitte to audit the balance sheets of Mellitah and the Arabian Gulf Oil Company (AGOCO).
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.
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.
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.
Libya’s Oil Minister Mohamed Aoun has launched an investigation against Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), over the latter’s refusal to hand over corporation leadership to Jadallah Al-Awkali, who was appointed by the oil ministry as the new NOC chairman last week.
The cohesion of Libyan oil sector was a main reason for restoring stability in the country, said Nicholas Hopton, the outgoing U.K. Ambassador to Libya. The British diplomat made his remarks during his last meeting with Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), on Thursday.
Deputy Oil Minister Rifaat Al-Abbar said on Monday that he was unaware that his ministry made a request to the Government of National Unity to form a new board of directors for the National Oil Corporation (NOC), a decision which he rejects.
The National Oil Corporation (NOC) will help the western city of Bani Walid in providing medical need, including oxygen supplies, the NOC announced on Sunday.
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.
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.