Wednesday, October 8, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Ambassador Norland Stresses Need for Libya’s NOC to remain Neutral

December 5, 2021
Share on FacebookShare on Twitter

On Tuesday, the US Ambassador to Libya, Richard Norland held a meeting with the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla in Tripoli.

“In a detailed conversation with NOC Chairman Sanalla, Amb. Norland discussed the situation in the energy sector and the need for the NOC to continue playing its unified, apolitical, technocratic role in Libya’s oil and gas sector, in coordination with the Ministry of Oil and Gas,” the US Embassy tweeted.

The NOC’s greatest challenge has always been that it has never been able to use any of its revenues immediately to maintain and expand its infrastructure. Instead, it has always had to go to the government for funding, which was not always forthcoming. This arrangement has on occasion meant that it did not even have sufficient funds to pay its workforce.

The NOC is Libya’s most important economic asset, providing most public revenue even during a decade of violence and chaos. Libya’s energy sector sprang back to life this year following a ceasefire deal in the war-torn country.

Libya is now producing 1.24 million barrels per day, a tenfold increase from an average of 121,000 bpd in the third quarter of 2020, before the ceasefire deal.

This still remains below the levels of the Gaddafi era, when the country was producing between 1.5 million and 1.6 million barrels per day.

  • Parliament Speaker to Visit Italy for Talks over Libyan Crisis On Tuesday
  • Libyan Audit Bureau Accuses NOC Chairman Mustafa Sanalla of Corruption
  • Why did Mustafa Sanallah Announce the Opening of an Oil Field that was already Opened in 2011?
  • Libyan Parliament to Question Government on Tuesday
  • US Confirms Support for Holding Libya’s December Elections
Tags: Energy SectorlibyanocRichard norlandUS ambassador
Next Post

Libya’s HNEC Adopts Electoral Campaign Regulations

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya & UAE Discuss Resumption of Direct Flights

Egypt & Germany Reaffirm Support for Libyan-Led Political Solution

Libya Records 1st Confirmed Case of Q Fever in Livestock

Libya Moves to Strengthen Energy Exports to Italy

Libya & France Discuss Maritime Cooperation

Russia Accuses Libya’s Dbaiba Government of Aiding Ukrainian-Backed Militants in Africa

EDITOR PICKS

Central Bank of Libya Expands Foreign Reserves Amid Rising Gold Prices

Libyan Police Commemorate 61 Years of National Service

Russia Accuses Libya’s Dbaiba Government of Aiding Ukrainian-Backed Militants in Africa

Greece & Egypt Highlight Libya’s Stability & Migration Control

Libya Transfers 150 Migrants from Benghazi to Sabha

Libya Records 1st Confirmed Case of Q Fever in Livestock

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR