In an interview with Bloomberg, NOC Chairman Farhat Ben Gdara pledged to end the blockage, double crude production to 1.2 million barrels per day, and protect existing contracts with foreign oil companies. Ben Gdara confirmed to the US Agency, hours after Sanalla was replaced, that “the first step I will take is…

The Minister of Finance in the Government of National Unity, Khaled Al-Mabruk, issued a circular calling on all entities funded by the public treasury to send data on revenues, and expenses before the end of next August. This is in order to prepare the state’s general budget estimates for the year 2023 for the f…

US Ambassador to Libya Richard Norland said: “We are following with great concern the developments surrounding the National Oil Corporation, which is vital to Libya’s stability and prosperity.” He continued: “The institution remained politically independent and technically efficient under the leadership of Musta…

The Ministry of Oil and Gas in the Government of National Unity issued a statement welcoming the decision of the Council of Ministers of the Government of National Unity regarding the restructuring of the Board of Directors of the National Oil Corporation. The ministry said that it blesses this important step to…