Libya NOC News

  Add NOC News  

NOC meets with Members of the House of Representatives

Within Members of House of Representatives'  communications with NOC, Eng. Mustafa Sanalla, NOC Chairman of the Board, met today with Messrs Yousef Kalikori (Member of the Energy Committee), Abdelqader Yahya, Rajab Amar and Abdessalam Almrabet. 

The meeting discussed the position of the oil and gas sector and the difficult circumstances that the sector goes through in addition to the serious and negative impacts on the national economy resulted from the blockade of some oil fields by some armed militias. 


The deteriorating security situations in the western part of Sirte Basin was also discussed as well as the delay of paying the budgets  required for continuing the production operations. 


Eng. Sanalla also explained the importance of increasing production and its effect on the Libyan economy as during the period when most production was interrupted because of blockading oil fields and terminals during the last years all the State's budgets suffered very huge deficiency which used to be compensated for by the Central Bank's reserves but  as  years went by the reserves have shrunk and the current oil revenues are not sufficient any more. The increase of production has become a must  in order to make things return to normal. 



It is worth mentioning that the distribution of revenues, the crisis of the exchange rate and  liquidity crisis are the responsibilities of the Central Bank, the Ministry of Finance and the high legislative, executive and controlling  bodies. NOC has nothing to do with such issues. 


The meeting also shed light on NOC's initiatives, plans and programs of sustainable development in the oil companies operations areas. 


Messrs Members of the House of Representatives expressed their support to NOC as a one inseparable body and their support for NOC's plans for production increase and the stability of oil sector as being the only economic resource for the Libyan people. 



18 April 2017


Home Advertising Our Services Contact us Login Register

Libya Add Your Topic

Dear Visitor you can add free your News, Jobs, Tenders or any topic categorized under by clicking at the appropriate link below.

  Libya Tenders  

  Libya News  

  Libya Events  

  Libya Jobs  

  Libya Jobs Seekers  

  Libya Training  

  Libya NOC News  

  Libya Government  

  Libya xGPC News  

  Doing Business in Libya  

  International Companies  

  Libyan Companies  

  Libyan Training  

  Libya Auctions  

  Libya Laws  

  Libya Regulations  

  Libya Projects  

  Libya Telecom and Technology  

  Libya Announcements  

  Libya Scholarships  

  Libya Airports  

  Libya Exhibitions  

  Libya Sea Ports  

  Libya Free Zones  

  Libya Banks  

  Libya Small business  

  Libya Finance & Economy  

  Libya Healthcare  

  Libya Real Estate  

  Libya Islamic Finance  

  Libya Industries  

  Libya Construction  

  Libya Competitions  

  Libya Agriculture  

  Libya Culture  

  Libya Demography  

  Libya Geography  

  Libya Roads  

  Libya Business  

  Libya Oil  

  Business in Libya  

  Libya Grants  

  Libya Volunteer  

  Libya Rent