EU Ambassadors support Libya’s National Oil Corporation and emphasize the necessity of neutrality

The National Oil Corporation (NOC) Chairman of the Board Mustafa Sanalla received His Excellency the Ambassador and Head of the European Union Mission to Libya and ambassadors of European Union States (Italy, Denmark, Sweden, Austria, Belgium, Spain, Norway, Finland, Poland Netherlands and Hungary) on Saturday 10 October 2020 at NOC headquarters in Tripoli - October 11, 2020 At the beginning of the meeting, Chairman of the Board Eng. Mustafa Sanalla welcomed the ambassadors expressing his gratefulness for the support that the European Union countries provide to NOC. He started the meeting by illustrating the activities of NOC at this stage, as being the backbone of the Libyan economy, and the maintenance operations currently conducted in some fields in addition to the gradual resumption of production operations in the oil locations and fields concurrently with the improvement of security and logistics situations in those fields, insuring the safety of oil sector workers in the first place as well as to preserve the petroleum installations which represent the Libyan people’s wealth. For their part, the European Union Ambassadors expressed their appreciation for the great effort that NOC has been exerting throughout the past years by maintaining the production rates to support the national economy despite of the difficult circumstances that face the State of Libya. They also commended the leadership role played by NOC as being the first Libyan sovereign entity that followed the principle of transparency and good governance through publishing the data of oil exports revenues in a transparent and professional way since 2018. In this regard, the Chairman of the Board, Sanalla commented by saying that NOC is the only entity responsible for the management of petroleum industry in Libya in all aspects, including exploration, production, refining, manufacturing, exporting and marketing pursuant to the applicable Libyan laws and legislations. The oil sector employs about 65,000 employees including engineers, technicians and specialists in different fields related to petroleum industry. They present the entire spectrum of the Libyan people from all over Libya. We have huge petroleum relationships with the main European oil companies. By restoring stability to the oil sector, all the region’s countries will maintain their stability including the European Union countries as Libya have had strong economic relationships with these countries for 500 years. We confirm that we must keep the NOC away from any political conflicts because it is the backbone of the Libyan economy and the only resource of income. The oil revenues must be managed in a fair and equitable manner for all in a way that ensures a decent life for the Libyan people and the next generations.’ He continued that by restoring stability to Libya, the country will all be able to get through many big challenges and obstacles including the illegal immigration issue. It also needs EU support in this respect, particularly the return of security and economic stability to the Libyan south by securing the southern borders. At the end of the meeting, the eU ambassadors stressed their full and unlimited support to the National Oil Corporation in order to improve the sector and return the production process to its normal levels in a way that reflects on all aspects of life all over Libya without any exception. Source: NOC

EU Ambassadors support Libya’s National Oil Corporation and emphasize the necessity of neutrality

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EU Ambassadors support Libya’s National Oil Corporation and emphasize the necessity of neutrality

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All news

China, Kazakhstan and Hungary to build inter-modal cargo terminal in Budapest

Shrinking Caspian – stranded ports, half empty ships

Railway ready to serve Lavna coal terminal in Murmansk

Russian ports to handle 5.3 mln TEUs in 2024, still below 2021 result

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Our Expert Analysis

Latest Free Reads

Top Ports