InternationalMoney and BusinessNationalnews

NOC Chairman and UK ambassador discussing cooperation between NOC and British companies

The Address | Benghazi – Libya
TRIPOLI – The Tripoli-based National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla received the United Kingdom Ambassador to Libya, Frank Baker, on November 26, at NOC headquarters in Tripoli, NOC said in a statement today.
Ambassador Baker stressed the importance of the international community and Libyan institutional support for NOC as the country’s primary source of income, praising the corporation and its board for what described as their determination to sustain the economic recovery, according to the statement.
The meeting addressed several issues including actions taken by the corporation and Brega Petroleum Marketing Company (BPMC) to combat fuel smuggling. Parties also discussed further potential cooperation and investment opportunities with British companies to support the development of the oil and gas sector, according to NOC.

“NOC is constantly striving to maintain and increase production, in cooperation with the IOC’s and within available budgets. A crucial element to our success, however, is improving oil facility security; for both our staff and continuity of supply assurance,” said Sanalla.

Baker expressed his optimism that stability could return to Libya as production rates steadily return to normal levels; in spite of current difficult circumstances, and security breaches faced, NOC added.


Related Articles