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GNU’s Vice President, Minister of Finance discuss required funds for Libya’s NOC budgets

On Wednesday, March 31, 2021, NOC’s Chairman of the Board of Directors, Mustafa Sanalla, received the Vice President of the National Unity Government, Ramadan Ahmed Boujnah, accompanied by Khaled Al-Mabrouk Abdullah, Minister of Finance, Counselor Yusef Al-Hamali and his accompanying delegation.

During the meeting, the challenges and difficulties facing the oil sector were discussed, and the losses incurred by the sector as a result of the instability of the security situation were mentioned, as Sanalla stressed that the oil sector needs the necessary support to pay the obligations of service companies and the need to release the budgets required to accelerate the work Maintenance of damaged pipelines and tanks as a result of previous wars and repeated closures in oil ports that the oil sector exposed to previously.

Many topics were also dealt with, the most important of which was the discussion of developing the explored parts in the southern regions and how to put them on production in the possible way, discussing the fuel crisis and effective solutions to deliver fuel to our people in the south, in addition to discussing the refinery project, and the establishment of a cooking gas extraction plant in the Sharara field in order to provide and meet the citizens’ needs for gas.

The Vice President of the National Unity Government also listened to NOC’s plan to establish an oil clinic in the south.

Ramadan Boujnah and Khaled Al-Mabrouk Abdullah stressed the need to overcome all difficulties in order to support the oil sector, work to facilitate procedures and allocate the required budgets that the National Oil Corporation needs, as well as emphasize the importance of the sector in increasing national income and stimulating the private sector associated with oil operations and its contribution to creating job opportunities to reduce the unemployment rate throughout the country.

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