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NOC calls on UK investment

NOC calls on UK investment

Libya’s National Oil Corp. (NOC) has pitched for new investment in the country’s oil and gas sector, even while reporting new security breaches at the Sharara oilfield.

NOC’s chairman Mustafa Sanalla addressed the Libyan British Business Council (LBBC) on September 10. Sanalla highlighted some of the opportunities in Libya and the potential for billions of dollars of investment.

Such moves would be possible should the oil blockade be lifted and a stable Libyan government emerge, he said.

Sanalla called for the international community to support the rule of law in Libya. The UK has a crucial role to play in publically expressing support in addition to pushing for change from those countries that “wanted to control Libya for their own ends”.

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Source: EnergyVoice

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