Libya Business News
Thursday, February 2, 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

NOC "will not Reopen Sharara if Ransom is Paid"

16th December 2018
in Oil & Gas, Security
Sharara Oilfield Closed
Share on FacebookShare on Twitter

National Oil Corporation (NOC) chairman, Mustafa Sanalla has said any attempt to pay off the armed militia occupying the Sharara oil field would set a dangerous precedent that imperils Libya's recovery, and the funds would be better spent investing in communities and providing basic services to the most vulnerable.

In a letter to the chairman of the Presidency Council, Mr Fayez al-Serraj, on December 13, 2018, the NOC chairman said NOC would not restart production or lift force majeure on crude oil exports at Zawiya if ransom payments were made by the Ministry of Finance.

The NOC chairman also wrote to the Head of Investigations at the Public Prosecutor’s Office to prevent such payments, with copies sent to the State Audit Bureau, Ministry of Defence, and Administrative Control Authority.

According to the Sanalla:

“Rewarding this illegal action with direct payment will only create more problems and encourage further blockades. It would endanger the lives of oil sector workers, promote violence, and create more uncertainty. The militia occupying Sharara is breaking the law. They have threatened NOC staff with violence, and they are preventing us from producing and exporting the oil on which our country depends.  Libya should learn the lessons of the criminal Jadhran who was paid ransoms and still cost Libya billions in lost revenue.”
 
“Paying off this militia will not solve the real problems of the South. That requires an action plan that deals with real local problems and systemic economic deprivation. But this support must be based on their needs, not as a reaction to threats or blackmail.”

(Source: NOC)

Tags: extortionfeaturedNational Oil Corporation (NOC)Sharara

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.