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By Libya Herald staff.
Tripoli, 4 February 2015:
Zueitina Oil Company (ZOC) has predicted that without stability in Libya its profits are unlikely . . .[restrict]to increase.
In its Annual General Meeting (AGM) held at the headquarters of the National Oil Corporation (NOC) in Tripoli on Monday, General Assembly President Ghasem Hankir and Chairman of the Management Committee Nasser Zamit congratulated the managers and directors present for having done everything in their power to reach the companies goals, in spite of the many challenges they faced in 2014.
Together, those present at the meeting reviewed the company’s activities for 2014 and then looked to the proposed budget estimates for the year 2015, concluding that the stability of the security situation would allow for increased production by the company in the future.
Zueitina, is a joint venture between the NOC, Occidental Oil and Austria’s OMV. [/restrict]
