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UK Calls for Preserving Independence of the Libyan National Oil Corporation

UK Calls for Preserving Independence of the Libyan National Oil Corporation

Friday, 26 November, 2021 - 08:45
British Ambassador to Libya during her meeting with Chairman of the Libyan National Oil Corporation Mustafa Sanalla. NOC

Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanalla held talks with the British Ambassador to Libya, Caroline Hurndall at NOC’s headquarters in Tripoli.


During the meeting, Sanalla briefed Hurndall on the challenges facing the oil sector in Libya, highlighting the low level of production "due to lack of funding and scarce budgets,” NOC said in a statement.


For her part, Sanalla stressed the importance of supporting NOC and preserving its independence as a non-political technical institution and keeping it away from any tensions.


She also said that the oil sector in Libya is a promising sector that encourages investment and attracts investors to enter to maintain and increase production rates in the event that security continues and political stability is achieved, NOC's statement added.


She also hailed NOC's role in stabilizing the national economy, as it is the main source of the Libyan economy, which provides hard currencies.”


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