Today, Tuesday, the Ministry of Oil and Gas of the Government of National Unity issued a statement emphasizing its keen interest in the oil sector and distancing itself from political tensions due to its economic and sovereign importance to the Libyan state. Therefore, the ministry ensured that this importance is reflected in all aspects of the sector, including legal, financial, and technical ones.
The ministry confirmed in its statement that the correspondence between the National Oil Corporation and Waha Oil Company did not mention that the company assigned to develop the field of Dhahra through direct commissioning is a Libyan company. Moreover, most of the consultative meetings with the company took place in the UAE, and the ministry was aware of the existence of a UAE company with the same name, which clarified that it is an Emirati company. The ministry also expressed its welcome to all companies.
The ministry added that its national duty and supervisory role made it ensure that all activities in the oil and gas sector were carried out through proper procedures, based on transparency, governance, and sound management principles that must be followed when dealing with this sovereign sector, regardless of circumstances or excuses.
The Ministry of Oil also emphasized in its statement that it would have been more appropriate to call upon all local and international companies, rather than limiting it to one company, and objected to this procedure, as allowing direct commissioning of contractors and executing companies would deviate from the transparency and disclosure principles established in the sector since its inception.
