Farhat Bengdara, Chairman of the Libyan National Oil Corporation (NOC), met with the Chairman and members of the Management Committee of the Arabian Gulf Oil Company (AGOCO) to discuss the latest developments in the implementation of the NOC’s proposed production increase plan.
The meeting, held at AGOCO’s headquarters in Benghazi, focused on the challenges and obstacles facing the project. The participants deliberated on various solutions and proposed strategies to overcome these issues, ensuring the continued progress of the plan.
During the meeting, the importance of ongoing coordination between the NOC and AGOCO was emphasized. This collaboration is crucial for achieving the company’s targets set by the NOC’s board of directors.
Bengdara highlighted the significance of addressing operational problems promptly to maintain and boost oil production levels. He urged AGOCO’s management to work closely with the NOC to ensure all goals are met within the set timelines.
The discussions also touched upon the need for effective communication channels between the NOC and its subsidiaries to streamline operations and tackle any arising issues efficiently. Both parties agreed on the necessity of regular updates and feedback mechanisms to monitor the plan’s progress and make necessary adjustments.
Furthermore, the meeting underscored the NOC’s commitment to supporting AGOCO in its endeavors to enhance oil production. This support includes providing the necessary resources and expertise to facilitate smooth operations.
Bengdara reassured AGOCO’s management of the NOC’s full backing, emphasizing that increasing production is a top priority for Libya’s oil industry. He noted that achieving the set targets would significantly contribute to the national economy.
The meeting concluded with a renewed commitment to collaborative efforts and a shared vision for the future of Libya’s oil sector. Both parties expressed confidence in the proposed solutions and their ability to overcome the current challenges.
