The Chairman of the Board of Directors of the National Oil Corporation (NOC), Mustafa Sanallah, held discussions with the Chairman of the Board of Directors of the Libyan Investment Authority, Ali Hassan, on the challenges facing the Libyan-Norwegian Fertilizer Company, due to the obstruction of revenues, resulting from the forced suspension in oil production.
The meeting covered the issue of financial and technical difficulties and an in-depth study of possible solutions to resolve the problems following the cessation of activity, due to the blocking of oil production and the negative effects on all current and possibly future levels.
Also covered was the method to achieve high production rates in the event of demilitarization and a return to normal production, in a manner which ensures the achievement of financial stability, through which the Libyan-Norwegian partnership could continue in a professional manner.
