Continental Focus, International Reach

NOC Concerned for Production Shut in Calls

Tuesday, June 25, 2019

Libya’s National Oil Corporation (NOC), in a statement on its website, said it was concerned by recent calls for the shutdown of national oil production. The statement said, “This crucial source of income to the state, vital to all Libyans, must remain de-politicized and uninterrupted to ensure that basic fundamental services are financed and continue to be provided to citizens across the country.”

NOC went on to say, “Any deliberate disruption of oil sector operations will severely impact national revenue streams, potentially render NOC in contravention of contractual obligations, and create further division in the country. Admissions of attempts to export oil illegally, in contravention of international law and United Nations Security Council resolutions, should be called out and condemned. These attempts deter further investment in the oil sector and jeopardize our future. NOC continues to call for economic transparency – including the equitable distribution of oil revenues nationally – to be embraced by all parties as an integral element of Libya’s future stability, and any lasting political settlement.”