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Libyan state oil firm voices concern over calls to shut down production

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Christian Fernsby |
National Oil Corporation
African businesses   National Oil Corporation

Libya's state-owned National Oil Corporation (NOC) expressed concern over calls to shut down oil production in the country.

NOC "is concerned by recent calls for the shutdown of national oil production. 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," said a company statement.

"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," the statement warned.

Agila Saleh, speaker of the east-based parliament, recently announced intention to suspend oil production, accusing the UN-backed government of using oil revenues to fund militias fighting against the army in the capital Tripoli.

The speaker revealed that the east-based government tried in vain to sell Libyan oil becasue of international opposition to the sale.

NOC is affiliated to the UN-backed Libyan government, which has been engaged in an armed conflict since early April against the east-based army over control of the capital Tripoli.

Libya has been suffering escalating violence and political instability ever since the fall of former leader Muammar Gaddafi's regime in 2011.


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