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NOC Chief Blames Finance Ministry for Production Loss

Wednesday, February 21, 2018

The head of NOC, Mustafa Sanalla, believes that the Libyan government’s delays in giving  the state-run firm budget money is causing a loss in production. The comments were made after Sanalla attended a meeting with the head of the Al Jouf Oil Technology Company, which apparently is suffering from financial difficulties that had delayed projects and salary payments.

“The entire sector is suffering from these problems because of delays in the finance ministry disbursing budgets to the corporation for this year,” Sanalla said in a statement from the NOC. “This slowdown will create negative consequences for the whole sector leading to a large decline in the level of production once more and a negative impact on development projects in the oil sector.”


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