The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, discussed with the Chairman of the Finance Committee in the House of Representatives, Omar Tantoush and a member of the committee, Abdul-Moneim Balkour, in a meeting today, Tuesday at the Corporation’s headquarters in Tripoli, the general budget of the sector, the exchange items and the negative effects resulting from the delay in approving the budget for the National Oil Corporation.
Sanalla explained that the oil sector is suffering as a result of budget delays, and there are some workers who have not received their salaries for five months, despite the fact that the Corporation transferred 26 billion dollars in the last period to state coffers, but it did not obtain the budgets, and the conditions are very bad, adding that the oil sector is suffering from the delay in maintenance operations in oil fields and ports, which has a negative impact on the process of increasing production, and the increasing demand for diesel to generate power stations requires large sums of money.
For his part, the head of the Finance Committee in the House of Representatives, Omar Tantoush, stressed that the committee is striving to solve the problem regarding the budget, given that the National Oil Corporation is responsible for the country’s only source of income and must be supported to continue and develop production operations, and provide all means for that.