Libya Business News
Saturday, March 25, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Oil & Gas

Libya’s Future Depends on Oil Sector Unity: Sanalla

27th October 2018
in Oil & Gas
Britain and Libya Strengthen Oil and Gas Ties
Share on FacebookShare on Twitter

In a speech on October 24, 2018, Eng. Mustafa Sanalla, chairman of the National Oil Corporation (NOC), asserted that Libya’s future is dependent on the unity of the oil and gas sector, and the rebuild of the economy through robust oil revenues.

In an opening address at the inaugural Benghazi International Forum and Exhibition of Oil and Gas, Sanalla expressed his happiness to be in Benghazi, the city of his birth, paying tribute to its potential as one of the most important regional oil and gas hubs. He described the forum as ‘an important step, encouraging the return of further investment and international partners to work in Libya,’ and their potential role in the enhancement of production capacity, and oil revenues.

Sanalla highlighted recent challenges facing NOC, including attacks on oil fields and NOC’s headquarters, in addition to numerous divisive false electronic media campaigns. He stated that none of these efforts had achieved their goal, but had only increased the determination of NOC and its employees to help re-build Libya.  The NOC chairman went on to remind the audience that NOC’s success affects every Libyan:

“We are all aware that the future of Libya, of our children and the unity of our beloved country depend almost entirely on the success and unity of NOC….Libya relies entirely on oil exports to secure the basic needs of our people, from public sector salaries to every pill that can save a child's life.”

Describing the workers of the oil and gas sectors as the ‘cornerstone of the country,’ Sanalla extolled their efforts: “You are an example for all Libyans. Your years of personal sacrifice and collective actions on behalf of NOC, putting the interests of Libya above your own, are a lesson and an example for every Libyan - from ordinary citizens to the grandest politicians.”

Sanalla also highlighted the importance of the entire population feeling the benefits of NOC’s work:

“I would like to use this opportunity to stress the importance of transparency to ensure the fair distribution of oil revenues across the country. Every Libyan citizen has the right to see how every dinar of their oil wealth is spent.”

Chairman Sanalla thanked the security forces, who guaranteed the safety of the event, the organising committee, and event sponsors, including OMV and Schlumberger, and other forum participants.

He stated his hope that the event would serve as a catalyst for the development of an advanced technology-based energy industry.  He concluded by looking forward to the completion of NOC’s state of the art building project in Benghazi; describing it as highly ambitious for the entire region, and one which would contribute to the advancement of the sector - both in Benghazi, and nationally.

(Source: NOC)

Tags: BenghazifeaturedNational Oil Corporation (NOC)

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.