Libya oil company chief appeals for state investment - News Summed Up

Libya oil company chief appeals for state investment


The powerful head of Libya's National Oil Corporation on Wednesday decried a lack of state investment in the country's vital energy sector. Libya sits on the largest known oil reserves in Africa, and is heavily dependent on revenues from its oil and gas exports. Libya's oil production was between 1.5 million and 1.6 million bpd before the 2011 NATO-backed uprising. Unlike many other Libyan state institutions, the NOC has largely managed to remain neutral in the face of political wrangling. "Bickering doesn't interest us, only production," Sanalla said.


Source: Libya Today January 19, 2022 17:38 UTC



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