No Result
View All Result
Friday, April 24, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Plans to develop NOC Benghazi branch put on hold following protests in Tripoli

byGeorge Grant
October 16, 2012
Reading Time: 2 mins read
A A

By George Grant.

Workers from the NOC in Tripoli complained that the plan represented an unacceptable shift towards federalism in Libya.

Tripoli, 11 October:

Plans to radically enhance the size and power the National Oil Corporation in Benghazi have been put . . .[restrict]on hold following protests from employees based in Tripoli.

The move would have effectively given the Benghazi branch full powers to run the oil sector in eastern Libya, where some 80 per cent of the country’s oil production is located.

Five departments were to have been established, in the fields of petro-chemicals and refining, exploration and production, human resources, administration and finance. Although the NOC technically has an office in Benghazi already, it currently employs just a handful of staff.

RELATED POSTS

Aldabaiba proposes new Road Map for holding elections, loans and land for youth and money for healthcare for war wounded

Cooperation agreements reached between Libyan and the Greek pharmaceutical and medical companies: Tripoli Chamber of Commerce

Having only been signed off on 4 October, NOC Resolution 100 was in force for less than a week before being suspended on Tuesday, and a review of the situation is now underway.

In a statement explaining their discontent with the proposal, the NOC Workers Union in Tripoli complained that the move represented an unacceptable shift towards federalism in Libya by creating separate NOCs in the east and west.

Protests were held inside the company’s main building, and employees met with Oil Minister Abdulrahman Ben Yazza to discuss their concerns.

“Oil and gas is the wealth of Libyans and is the main source of income for the country”, the statement added. “Tampering with this sector would adversely affect all Libyan people, therefore, the NOC’s employees whether in Tripoli, Benghazi or any local council of any city have the right to decide the fate of this sector.

“Any strategic legislation about this wealth must, therefore, be made by the Libyan people represented in the government and the current General National Congress or members of Parliament in the future.”

Following news of the suspension, counter-protests have been held in Benghazi, with oil workers reportedly threatening to ignore instructions from the NOC if the move does not go ahead.

Officials at the NOC in Tripoli have said that their decision on how to proceed should be finalised in the next few days. [/restrict]

Tags: featured

Related Posts

Tripoli Chamber invites investment proposals for its buildings
Business

Tripoli Chamber of Commerce discusses with German Embassy May’s Libyan German Economic Forum

April 24, 2026
Spanish epidemiologists and water specialists arrive in east Libya to help with post-Storm Daniel recovery
Business

Libyan Spanish Business Forum opens in Madrid from 23 to 24 April

April 24, 2026
Libya to invest $140 billion in projects over the next decade
Business

Libya and Korea discuss resuming stalled housing projects

April 24, 2026
African Development Bank helps with $5.5-million democratic development project
Business

Libya and African Development Bank Group launch transport sector reforms to drive economic recovery

April 24, 2026
Libya launches its 2026-2050 National Water Security Strategy
Business

Libya launches its 2026-2050 National Water Security Strategy

April 24, 2026
NOC Chairman Suleiman meets representative of Nigeria’s Aiteo oil company – winner of exploration bid in Block M1, Murzuq Basin
Business

NOC Chairman Suleiman meets representative of Nigeria’s Aiteo oil company – winner of exploration bid in Block M1, Murzuq Basin

April 23, 2026
Next Post

Saif would be hanged if tried in Libya, says his ICC defence counsel

Libya’s first electronic library

Libya’s first electronic library

Top Stories

  • CBL receives results from meetings with international banks

    Governors of Central Bank of Libya and People’s Bank of China agree to launch direct banking transactions

    0 shares
    Share 0 Tweet 0
  • Libya’s Ministry of Oil and Gas Nigeria-Niger-Libya Gas Pipeline Project Committee holds technical and coordination meeting

    0 shares
    Share 0 Tweet 0
  • Numisma bank discusses with Central Bank of Libya continued foreign currency supply

    0 shares
    Share 0 Tweet 0
  • De La Rue meets Governor of Central Bank of Libya in DC to follow up on its currency printing plan

    0 shares
    Share 0 Tweet 0
  • Libya’s agricultural sector is moving from planning to execution: Ahmed Ghazali at the Paris Libya-France Business Forum 2026

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Tripoli Chamber of Commerce discusses with German Embassy May’s Libyan German Economic Forum

Libyan Spanish Business Forum opens in Madrid from 23 to 24 April

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.