The Address | Benghazi – Libya
TUNIS – The United Nations envoy to Libya, Ghassan Salamé, says some oil fields in the North African country are being depleted and need more investment.
Libya, an OPEC member, should “reinvest quickly in oil fields because some of the oil fields are being depleted,” Salamé said in a Bloomberg interview on Saturday.
Chairman of the Tripoli-based National Oil Corporation (NOC), Mustafa Sanalla, said this month that the country was producing in the range of 1.2 million barrels a day after its largest field, El Sharara, resumed production.
But Salamé said the NOC wasn’t receiving enough funds to reinvest in the fields.
“Not enough money is being given to the NOC” for them to “take better advantage of the oil fields,” he said.
The UN envoy denounced a few days ago the widespread corruption among a political elite that ignores “poor and unhappy citizens” in an oil-rich country.