Friday, June 27, 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

Norland: Libya’s NOC Pressured to Transfer Oil Revenues to Dbaiba’s Government

May 13, 2022
Share on FacebookShare on Twitter

The United States Ambassador to Libya, Richard Norland confirmed that the Head of the Libyan National Oil Corporation (NOC), Mustafa Sanalla “was under great pressure” to transfer oil revenues to the Government of National Unity (GNU) in April.

In an interview with Al-Wasat TV, Norland said that the Economic Working Group (EWG) was seeking to find a mechanism to manage oil revenues, “but we were surprised that Mustafa Sanalla fell under great pressure to transfer revenues.”

“We would have preferred to be slow, and not transfer until this mechanism was discussed, and to restore confidence to the Libyan people that this money would go to the right place,” he added.

The Ambassador explained that this was a Libyan-led mechanism, in which the Libyan leaders participated.

“When the Economic Working Group met in Tunis on 01 April, there were representatives of the GNU, the east, the NOC and the Central Bank of Libya (CBL),” he said.

He pointed out that the meeting discussed “reaching a consensus between the Libyan parties on priorities, in terms of spending. Especially the chapter on salaries, support, investment projects, and necessary imports such as food commodities.”

The EWG is affiliated to the International Follow-up Committee on Libya, and includes representatives from the European Union, Egypt, the United States, and the United Nations Support Mission in Libya (UNSMIL).

On the closure of the oil fields, Norland noted that Libya is losing $6 million dollars a day. He stressed that this is not in the interest of Libya, nor that of the global energy market. He called for the return of oil production, and for revenues to be kept in the Libyan Foreign Bank (LFB) until a suitable mechanism is established.

Last month, the GNU “Hakomitna” platform announced that the NOC transferred $8 billion in two payments to the Ministry of Finance.

  • Ambassador Norland Stresses Need for Libya’s NOC to remain Neutral
  • 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: Turkey Pressuring GNA To Attack Sirte
  • Turkish Official: No Country Can Pressure Turkey to Leave Libya
Tags: Abdulhamid DbaibalibyaMustafa Sanallahnational oil corporationnoc
Next Post

Libyan Human Rights Highlights Increased Kidnappings

POPULAR CATEGORIES

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

MUST READ

Libyan Security Forces Arrest 77 Drug Dealers

UK Denies Embassy Convoy Was Targeted in Armed Attack in Libya

Libya Signs 98 Cooperation Deals with Italian Companies in Benghazi

Greece Accuses Libya & Turkey of Breaching International Law

European Council Warns Against Unilateral Maritime Agreements in Libya

Libya & Russia Launch Economic Forum to Expand Strategic Cooperation

EDITOR PICKS

EU Seeks ‘New Phase’ of Migration Cooperation With Libya

Libyan Militia Tried to Block Rescue of Migrants

Libyan Protesters Call for Anti-Corruption Rally in Tripoli

Libya Signs 98 Cooperation Deals with Italian Companies in Benghazi

Libya & Russia Launch Economic Forum to Expand Strategic Cooperation

UK Denies Embassy Convoy Was Targeted in Armed Attack in Libya

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

© 2024 LR

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

© 2024 LR