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  • NOC lifts force majeure at oil ports
    édité le 11/07/2018


NOC lifts force majeure at oil ports
The National Oil Corporation (NOC) announced the lifting of force majeure in the ports of Ras Lanuf, Es Sider, Hariga and Zuetina after the facilities were handed over to the corporation this morning, July 11, 2018. Production and export operations will return to normal levels within the next few hours.

The chairman and members of the board of directors of the NOC commended the Libyan National Army General Command for putting the national interest first. They also thanked the Presidency Council, the House of Representatives, the Higher Council of State, and members of the international community for their efforts to resolve the crisis. They asked Allah for mercy on the souls of the martyrs who have died defending the livelihood of the Libyan people and wished a speedy recovery to those injured in recent fighting at the ports.

NOC chairman Eng Mustafa Sanalla said, “We need a proper national debate on the fair distribution of oil revenues. It is at the heart of the recent crisis. The real solution is transparency, so I renew my call on the responsible authorities, the Ministry of Finance and Central Bank, to publish budgets and detailed public expenditure. Libyan citizens should be able to see how every dinar and fil of their oil wealth is spent. I will work with other national stakeholders to enhance transparency and resolve this crisis - for the benefit of all our citizens."

About the National Oil Corporation

The National Oil Corporation (NOC) was established on 12 November 1970 , under Law No: 24/1970, replacing the general Libyan Petroleum Corporation which established under Law No. 13 of 1968 to assume the responsibility of the oil sector operations . It was later reorganized under decision No :10/1979 by the General Secretariat of the General People's Congress, to undertake the realization of the objectives of the development plan in the areas of petroleum , supporting the national economy through increasing , developing and exploiting the oil reserves and operating and investing in those reserves , to realize optimum returns. In carrying out its activities, NOC may enter into participation agreements with other companies and corporations carrying out similar activities.


Origine : Communiqué NOC



 
 
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