No Result
View All Result
Saturday, June 3, 2023
23 °c
Tripoli
24 ° Sun
24 ° Mon
23 ° Tue
22 ° Wed
  • 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 Libya

Benghazi NOC boss contacts Faiez Serraj

byNigel Ash
April 11, 2016
Reading Time: 2 mins read
A A
Benghazi NOC boss contacts Faiez Serraj

Is Benghazi NOC chief trying to extract PC recognition? (File photo)

12
SHARES
51
VIEWS
Share on FacebookShare on Twitter

By Moutaz Ali.

Is Benghazi NOC chief trying to extract PC recognition? (File photo)
Is Benghazi NOC chief trying to extract Serraj’s recognition? (File photo)

Tripoli, 10 April 2016:

The Benghazi-based National Oil Corporation chairman Nagi Elmagrabi has written to prime minister-designate Faiez Serraj asking . . .[restrict]him to name the Presidency Council’s approved account to which the eastern NOC should be sending its oil income. Elmagrabi has also protested a reported deal with international oil trader Glencore that gives that firm exclusive rights to lift oil from the Hariga export terminal near Tobruk.

At first sight, the letter would seem to indicate that Elmagrabi is recognising the Government of National Accord even while the House of Representatives is failing to vote for or against the UN-brokered government and the Libyan Political Agreement.

The puzzle is that the Thinni government, which appointed Elmagrabi, has been seeking and apparently failing to sell oil outside of the established Tripoli NOC channels. Therefore it would not appear that the Benghazi NOC has any oil revenues that could be sent to an account selected by the Presidency Council

RELATED POSTS

Benghazi Turkish Trade Exhibition postponed to 12-15 June

SPARK partners with Hive and Assaraya in Benghazi to implement training programme

Normally payments for Libyan oil and gas sales are made to a Central Bank of Libya account held in the Naples’ branch of the Libyan Arab Foreign Bank in Italy. The money never passes through NOC’s hands. Indeed even before the Libyan Dawn ascendency in Tripoli, NOC complained that it never handled its own revenues. It had to seek cash from the CBL via the Oil Ministry in order to pay its bills or make fresh investments.

Elmagrabi’s Glencore complaint is that the agreement has been set up by Mustafa Sanallah, head of the Tripoli NOC.  Elmagrabi claims that the deal is “blatant interference in the sovereignty of Libya”.

Though Serraj has had a succession of meetings with key figures in Tripoli and municipalities within the area under Libya Dawn control, including CBL governor Saddek Elkaber, it is not confirmed that he has yet met Sanallah.

The greater part of current oil exports of something less than 400,000 b/d now comes from the east of the country, with just 100,000 b/d from offshore fields in the west. Though there are some liftings from Brega, the main export terminal still functioning is Hariga. The terminals at Ras Lanuf and Sidra have been damaged by assaults first from Libya Dawn militias and latterly from IS.

Elmagrabi’s letter may not however actually signal a split with the Thinni government which gave him the NOC job, but rather an attempt to claim ownership over all of NOC. Though the Zeidan government agreed that it should relocate to Benghazi, NOC has remained in Tripoli, along with all of its sales and accounting teams and operational departments. [/restrict]

 
Tags: BenghaziElkaberElmagrabifeaturedGlencoreLibyaNOCSanallahSerrajTripoli
Share5Tweet3Share1

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

May 30, 2023
State recognised militia and Libyan Army clash in central Tripoli
Libya

State recognised militia and Libyan Army clash in central Tripoli

May 29, 2023
FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards
Libya

FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards

May 29, 2023
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

May 25, 2023
AmCham Libya Networking Breakfast
Libya

US Embassy in Tripoli announces easing of visa protocol: One-year multiple entry visas now replace three-month single-entry visas

May 24, 2023
Ten former antagonists, now presidential candidates, including Hafter, Bashagha and Maetig gather in Benghazi
Libya

Bashagha suspended by HoR as eastern-based prime minister

May 19, 2023
Next Post

PC sacks Ghwell spokesman, instals new foreign media head

State Council meets again in Tripoli as controversy continues over its establishment

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • State recognised militia and Libyan Army clash in central Tripoli

    State recognised militia and Libyan Army clash in central Tripoli

    233 shares
    Share 93 Tweet 58
  • The Tripoli Libyan Ministry of Transport confirms development plan for Libya-Tunisia Ras Jedir border crossing

    67 shares
    Share 27 Tweet 17
  • Members of illegal organizations given imprisonment and death sentences by Misrata Criminal Court

    52 shares
    Share 21 Tweet 13
  • Tripoli Libyan government conducts drone strikes against criminal hideouts in western coast

    144 shares
    Share 58 Tweet 36
  • Sirte Oil Company’s smart fields give it higher efficiency, more accurate real-time data for timely decisions

    45 shares
    Share 18 Tweet 11
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

Benghazi Turkish Trade Exhibition postponed to 12-15 June

HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia

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.

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

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Sign In with Facebook
    Sign In with Linked In
    OR

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Sign Up with Facebook
    Sign Up with Linked In
    OR

    Fill the forms bellow 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
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?