The National Oil Corporation (NOC) welcomed the statement of the Speaker of the House of Representatives and the chairman of the Presidency Council supporting NOC’s proposal to resume production and export of oil and to freeze sales revenues in NOC accounts in the Libyan Foreign Bank. Revenues should remain frozen until a comprehensive political agreement is reached in line with the recommendations of the Berlin Process.
” Full transparency and effective governance are required as well as the return of security management of oil facilities to NOC’s exclusive control.” The NOC stated.
” NOC reiterates its call for all oil facilities to be freed from military occupation to ensure the security and safety of its workers. Once this has been done, NOC should be able to lift force majeure and re-commence oil export operations.” the NOC added.