NOC Chairman discussed ways of joint trade cooperation between Libya and Britain and the challenges arising from the current conflict in Libya, which may hinder production and supply of the world oil market and disruption of local development plans.
The fears of the British minister and the chairman were not limited to the possible effects of the war in the capital Tripoli, which entered its second month, and may lead to the cessation of Libyan oil production as continued instability could lead to 95 percent loss of oil revenue by NOC for $ 6.27 billion in the first four months of this year.
