The Chairman of the Board of Directors of the National Oil Corporation, Mr. Mustafa Sanalla, received Her Excellency the British Ambassador to Libya, Caroline Hurndall, and her accompanying delegation today, Wednesday November 24, 2021 at NOC’s headquarters in Tripoli.
At the beginning of the meeting, Mr. Sanalla welcomed the British Ambassador and briefed her on the challenges facing the oil sector in Libya, most notably the low level of production due to lack of funding and scarce budgets.
During the meeting, Mr. Sanalla stressed that the oil sector in Libya is a promising sector that encourages investment and attracts investors to enter it in order to maintain and increase production rates in the event that security continues and political stability is achieved.
For her part, the British Ambassador praised the role of the National Oil Corporation in stabilizing the national economy, as it is the main source of the Libyan economy, which provides hard currencies. She also stressed the importance of supporting NOC and preserving its independence as a non-political technical institution and keeping it away from any tensions.
