Money and Businessnews

NOC & Eni establish steering committee for Sabratha gas project

The Address | Benghazi – Libya

TRIPOLI – The Tripoli-based National Oil Corporation (NOC) announced on Thursday that it signed two memoranda of understanding (MoU) with Italian oil major Eni at NOC’s Tripoli headquarters last Monday

According to a statement by NOC, the first MoU is concerned with “the establishment of a steering committee to expedite gas production at structures ‘A’ and ‘H’ within maritime concession MN 41 in the Sabratha marine basin.”

“The steering committee will oversee the timely and transparent implementation of this project, in line with best-practice good governance, and will work to alleviate difficulties facing project implementation.” stated NOC.

“The second MoU agrees to jointly fund capacity building programmes for industrial security staff at NOC and Mellitah Oil and Gas Company (MOGCO), with workshops focusing on risk assessment and mitigation, crisis management, and comprehensive field inspection procedures.”

The signing ceremony was attended by NOC chairman, Mustafa Sanalla, and Chief Operating Officer of Eni, Antonio Vella, among other officials on both sides.


Related Articles