Libya’s NOC announces end of oil sector division

The Libyan National Oil Corporation (NOC) announced Saturday merging and appointing all employees affiliated with the parallel National Oil Corporation (formerly) in the National Oil Corporation and its subsidiaries.

NOC the step came in implementation of the directives of the Prime Minister, Abdul-Hamid Dbeibah, and in order to achieve one of the most important objectives of the Government of the National Unity aimed at unifying institutions, integrating and placing its members in the legitimate institutions of the Libyan state, and based on what was agreed upon between the Chairman of the Energy and Natural Resources Committee of the Libyan House of Representatives and the Chairman of the Board of Directors of the National Oil Corporation.

NOC Chairman, Mustafa Sanalla, commented on this decision, saying: “The Government of National Unity, since its approval, has been keen on unifying all the economic institutions of the Libyan state and has given this issue special attention. It took some time to work on this goal and today we are ending the era of division in the oil sector forever, and we issue a decision appointing, integrating and merging all those affiliated to the (formerly) parallel corporation.

Sanalla added that the NOC had maintained its unity during years of division and has acted impartially for the benefit of the Libyan state, and it had been an example to be emulated internally and externally due to its great role in Libya’s unity and the safety of its economy from collapse.

“We hope that everyone realizes the importance of this sector and will continue to work professionally, as usual, away from polemics that will only harm the country. The oil sector represents a top priority in the concerns of the Prime Minister of the National Unity Government due to the sensitivity of this vital sector and its great role in preserving Libya’s economy from collapse.” He added.

Sanalla said there is a complete agreement between the Prime Minister and the National Oil Corporation that requires preserving the unity of the sector, keeping it away from disputes and pouring all our interest into attracting investment, increasing production and achieving huge returns to the Libyan state treasury to strengthen the national economy.


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