No Result
View All Result
Friday, September 29, 2023
25 °c
Tripoli
25 ° Sat
24 ° Sun
24 ° Mon
24 ° Tue
  • 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

Sanalla suggests direct oil income for NOC, accuses PFG of massive numbers exaggeration

byMichel Cousins
September 4, 2016
Reading Time: 2 mins read
A A
12
SHARES
52
VIEWS
Share on FacebookShare on Twitter

By Libya Herald reporter.

Tripoli, 4 September 2016:

The chairman of the National Oil Company (NOC) , Mustafa Sanalla has suggested that in order to spend to increase production it may have to start raising loans or having even taking the income from the oil it sells directly in accordance with Libyan law. He has also accused the Petroleum Facilities Guards (PFG) of no longer working to protect the oilfields. As for those with Ibrahim Jadhran, their numbers had been massively inflated, he said, and Jadhran himself had not reopened the oil terminals controlled by him as promised.

There had to be a new system of managing oil income so that the NOC could run its companies and affiliates, he insisted.

Currently, oil revenues are paid not to the NOC but to the Central Bank of Libya (CBL) which then pays the NOC as per the budget drawn up by the government. Sanalla has already sharply criticised the PC for not allocating funds to the NOC and instructing the CBL to pay them. As a result of the cash flow crisis, the NOC has been unable to pay oil workers and contractors, as a result of which oil liftings have declined massively.

RELATED POSTS

AGOCO reactivates stalled old Nafoura well to produce 1,200 bpd

Sirte Oil Company and German Technology Holding Company to install 1 MW solar system

Sanalla, in an interview on Friday with Libya HD TV, again noted that the NOC had asked earlier this year LD 1 billion to work on increasing the oil production from what was then between 700,000 and 900,000 barrels-a-day output, but that the PC had not come up with the money.

On the issue of the PFG, Sanalla said it had no more than 1,000 men operating – a figure which others connected to the force have also stated. However, central region PFG, run by Ibrahim Jadhran has claimed to have mover 22,800 men – and been paid for them in the past.

Last week, the NOC chairman accused the PC of losing the country $10 million a day in oil sales as a result. Some $1.56 billion had been lost since it took control of spending in the country, he said.  He also demanded an explanation from the PC as to why it was delaying payments. So far there has been no response.

This latest intervention from the Tripoli NOC chairman could freeze the already fast cooling relations between him and the PC. As yet it has not confirmed him as head of the NOC.

 
Tags: LibyaMustafa SanallaNational Oil Corporation
Share5Tweet3Share1

Related Posts

Spanish epidemiologists and water specialists arrive in east Libya to help with post-Storm Daniel recovery
Libya

Spanish epidemiologists and water specialists arrive in east Libya to help with post-Storm Daniel recovery

September 28, 2023
Russian rescuers end mission in Libya: Russian Foreign Ministry
Libya

Russian rescuers end mission in Libya: Russian Foreign Ministry

September 28, 2023
UNDP installs solar power for Jufra municipality to operate water wells
Libya

UNDP installs solar power for Jufra municipality to operate water wells

September 27, 2023
Switzerland offers extra CHF 1 million for Libyan flood effort
Libya

Switzerland offers extra CHF 1 million for Libyan flood effort

September 27, 2023
Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Attorney General orders arrest of company’s representative for importing banned GM corn

September 27, 2023
Sweden providing initial US$ 1.35 million to Libya’s Storm Daniel humanitarian efforts
Libya

Sweden providing initial US$ 1.35 million to Libya’s Storm Daniel humanitarian efforts

September 27, 2023
Next Post

Zubi reported free after two years' captivity

Presidency Council meets in Tripoli, Aswad joins in

Presidency Council meets in Tripoli, Aswad joins in

 

Advertise on LibyaHerald

Reach thousands of our site visitors daily

240 x 400px

Advertise Here
ADVERTISEMENT

Top Stories

  • Dutch embassy assesses security standards, rules and procedures at Tripoli’s Mitiga airport

    Civil Aviation Authority concludes meetings with Turkish Civil Aviation team inspecting airports for possible return of Turkish airliners

    73 shares
    Share 33 Tweet 17
  • Internal Security arrests NOC Chairman’s Office Manager for corruption in supply of medicines for Derna and its environs

    57 shares
    Share 23 Tweet 14
  • Eastern Libyan government calls for international reconstruction conference for Flood Daniel hit areas

    66 shares
    Share 35 Tweet 13
  • Italian Cabinet gives green light for a state of emergency to intervene in Libya, allocates € 5 million

    46 shares
    Share 18 Tweet 12
  • Direct flights from Tripoli to Rome to resume on Saturday

    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

Spanish epidemiologists and water specialists arrive in east Libya to help with post-Storm Daniel recovery

Russian rescuers end mission in Libya: Russian Foreign Ministry

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?