Libya Announces the End of Division in Oil Sector
1 Min Read
The National Oil Corporation of Libya announces its mergence with the National oil corporation, ending the division between the institutions.
-
The oil sector is a top priority for the Prime Minister of the National Unity Government
The National Oil Company of Libya announced on Saturday the appointment and inclusion of all workers of a parallel company, as well as the end of the split between the two institutions caused by the country's political division.
The corporation announced that the Chairman and Board of Directors of the National Oil Corporation decided to merge and appoint the former parallel National Oil Corporation's affiliates in the National Oil Corporation and its subsidiaries, in accordance with the sector's need for functional specializations.
The statement described this decision as a realization of one of the most important goals of the Interim National Unity Government, aimed at unifying institutions and integrating their members within the legitimate institutions in the state.
Mustafa Sanalla, the chairman of the National Oil Corporation, emphasized the national unity government's eagerness to integrate all of the Libyan state's economic institutions.السيد رئيس مجلس الإدارة يجتمع بمدير عام المؤسسة الوطنية للنفط ببنغازيhttps://t.co/IrSzwBgXJahttps://t.co/n4dlbQefsV pic.twitter.com/5UcMCA8tzD
— National Oil Corporation المؤسسة الوطنية للنفط (@NOC_Libya) September 2, 2021
He also detailed how the National Oil Corporation maintained its unity through years of division, and worked impartially for the benefit of the Libyan state and its economy, becoming a role model for all state institutions.
Libya's division and conflicts have disrupted several of the country's oil resources, resulting in a drop in oil earnings.
