Petroleum Africa
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Monday, December 15, 2014
The appointment of a second official to run Libya’s state-run oil company, NOC, has been named from the internationally recognized government in Libya. Libya’s recognized government has appointed a second official to head state-run National Oil Corp (NOC), it said on Saturday as it vies with a rival government for control of the vital oil sector.
The North African country, one of the continent’s largest producers when running at capacity, currently has two governments and parliaments. The second government emerged in August when a group called Libya Dawn seized Tripoli after a month-long battle with a rival group, forcing the recognized Prime Minister Abdullah Al Thinni’s government to move to the east.
In November Al Thinni appointed al-Mabrook Abu Seif as new NOC chairman. In a second step, he named Mohamed Al Arabi as deputy chairman, according to a decree published on a government website.
The rival government in Tripoli has named its own Minister of Oil Mashallah Zwai and kept the NOC chairman Mustafa Sanallah in place.
The question for firms dealing with the oil industry in Libya is who to deal with; traditionally they have dealt with NOC in Tripoli, which is now in the hands of the rival government.
Most companies who are not active in the country are currently choosing to deal with neither and just keep out, but those with operations have quite a conundrum on their hands.
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