EU voices support for Libya’s National Oil Corporation

oil and gas - October 11, 2020

Ambassadors of several European Union countries reiterated Saturday to the Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah their full support for the NOC to regain oil production rates as before the January shutdown.

Italy, Sweden, Denmark, Austria, Spain, Belgium, Norway, Finland, Poland, Hungary, and Holland's ambassadors hailed NOC efforts to maintain output capacity and to boost transparency by publishing oil revenues' reports since 2018.

Meanwhile, Sanallah said if oil sector was stable, all of the region would be stable too, including EU countries, reaffirming that the NOC remained away from political polarization as it's the main source of income to the state of Libya and that the revenues should be managed fairly across Libya.

'When Libya is stable, all of us can overcome many obstacles, including illegal immigration. We need the support of the EU in this effort, especially in stabilizing southern Libya by securing the borders.' Sanallah remarked.


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