Libyan Prime Minister Fathi Bashagha said that his government is studying how to support National Oil Corporation and its plan to develop production, especially in light of the global crisis, which is a great opportunity for Libya to increase exports of oil and gas.
Bashagha added, in statements to Al-Wasat TV, that he did not see any reason to have a Ministry of Oil, which might increase confusion, and that it was better to give the matter to National Oil Corporation, stressing that his government would focus in the current period on supporting the Corporation by allocating a very large budget.