NOC to open US Office to support $20bn Spending Prog

By John Lee.

National Oil Corporation (NOC) Chairman Mustafa Sanalla has announced the NOC will open an office in Houston, Texas, as it embarks on an ambitious $20 billion spending program to restore production capacity over the next three years.

The Houston office puts America’s world-class equipment manufacturers and oil field service providers at the center of our purchasing strategy,” said Sanalla. “And it will locate NOC’s only external office at the heart of the US oil industry. Nobody should underestimate what an important strategic choice this is for us.

“The United States prevented the attempted illegal export of crude oil by Ibrahim Jadhran and his criminal network in March 2014. When it really counted, the US showed it is the guarantor of NOC’s integrity and the unity of the state of Libya. And the US is playing a vital role today protecting Libya’s oil industry against interruptions in supply.”

Speaking at the Transatlantic Economic Forum, hosted by the US Chamber of Commerce and John Hopkins School of Advanced International Studies, Sanalla earlier in the week discussed the key governance and security threats that need to be addressed if Libya’s natural resources are to help unify and stabilize the country.

Libya is fixable,” he said:

“We are now concentrating on achievable goals -- harnessing the capacities of NOC and the other state agencies to counter blockades; stepping up anti-smuggling efforts; pushing for the reform of the Petroleum Facilities Guards (PFG); establishing employment policies that work; and, finally, and most important, since the entire Libyan population depends on it, ensuring adequate investment in Libya’s oil production.”

“These goals support the United Nations action plan and the Windsor Principles we agreed last month, the most important of which is that the exploitation of Libya's oil and gas resources shall be for the benefit of all Libyan people, regardless of location. When I meet with US manufacturers and suppliers I will insist on the design of intelligent local content, environmental protection and community relations projects – it is especially important that work done by foreign companies in Libya must also provide local economic opportunities.”

“We hope next year to increase production. We hope to improve security and cut down the rate of interruptions. We hope to secure new investment. We hope a political solution will be reached. We hope to finalise and pass our new Petroleum Law. What we hope for 2018 is progress.”

While in Washington, Sanalla met with Senator Christopher Murphy, a member of the Senate Foreign Relations Committee, and senior officials from the National Security Council, the State Department, the Energy Department and the Department of Commerce.

(Source: NOC)

8 Responses to NOC to open US Office to support $20bn Spending Prog

  1. Fentri 22nd November 2017 at 7:11 pm #

    This is really a very good news and to the point . Yes, Nobody should underestimate what an important strategic choice this is for all libyan.

  2. Ali Elseid 23rd November 2017 at 1:03 am #

    To be in the center of the technology, it is not necessary to open an office in Houston , it is very easy to bring this center to your office in Tripoli. How you will spend $ 20 billion through this office. This mean that you will restrict the market of oil and gas in Libya and starting an extreme monopoly.
    You can purchase the class equipment and the Oil Field Services from different markets in the world including the united states. This should be done by the Oil and Gas operating companies, refineries and plants according to their needs and requirements and not by an office located in Houston.

    • Fentri 24th November 2017 at 7:59 am #

      Try to see it from political point of view . The diverse internal monopoly is already exist.

      • Fentri 24th November 2017 at 8:09 am #

        Political and technical as well

  3. Fred Wright 26th November 2017 at 8:43 pm #

    where do we apply?

    • Fentri 29th November 2017 at 8:35 pm #

      What is your proposal first?

  4. Freudenberg 21st February 2018 at 11:16 am #

    Houston is the center of Oil-Industry worldwide, but NOC/Libya should handle all procurments from Tripoli!!!
    Libya should not forget their neighbours, including EUROPE and PRC.
    US - companies, in the OIL & GAS FIELD, even purchasing qualified equipment in PRC and selling it later to Arab countries.
    Who are the buyers of Libyan OIL & GAS?????????????????????????????????
    To looking for investors, Libya can make it like Iraq and other countries.

  5. Tarik Gamudie 14th March 2018 at 7:24 am #

    Sorry it is Monopoly!!!!

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