No Result
View All Result
Wednesday, July 16, 2025
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

Sanalla asks German ambassador to help resolve Wintershall dispute

byMichel Cousins
May 18, 2017
Reading Time: 1 min read
A A
Sanalla asks German ambassador to help resolve Wintershall dispute

asd

By Libya Herald reporter.

NOC chairman Mustafa Sanalla (R) with German ambassador Christan buck
NOC chairman Mustafa Sanalla (R) with German ambassador Christian Buck (Photo: NOC)

Tunis, 17 May 2017:

In an attempt to resolve the feud between the National Oil Corporation (NOC) and the German oil company Wintershall, NOC chairman Mustafa Sanalla has asked German ambassador Christian Buck to mediate and ensure the company restarts production from its eight oil fields in the eastern Sirte basin.

The NOC insists that in 2010 it and Wintershall signed a Memorandum of Understanding (MoU) under which that in return for extending the company’s 1956 concession, due to run out in 2016, it accept converting it to the type of Exploration and Production Sharing Agreement (ESPA) under which all other foreign oil companies in Libya operate.

Sanalla now accuses Wintershall of reneging on the agreement , the terms of which, though, are seen as less favourable than the old one. He has also accused it of collusion with the Presidency Council (PC) in the drafting of the latter’s Resolution 270 which took taken from NOC the power away to negotiate ESPAs. Most of the meeting with the ambassador is said to have focused on the dispute.

RELATED POSTS

Britain’s Harbour Energy buys Wintershall Dea in US$ 11.2 bn deal

LISCO exports 27,000 tons of HBI to Germany – another 10,000 tons to be shipped to Italy

Sanalla told Buck that he was pleased to see that the Benghazi Appeals Court had ruled Resolution 270 was not lawful, though he admitted problems associated with it were not over yet.

So far PC leader Faiez Serraj has ignored the court ruling.

As a result of the dispute, Wintershall has been excluded since March from loading plans at the Zueitina terminal from which it normally ships its crude because of the dispute. Consequently, Sanalla has said, production of more than 160,000 b/d was being lost, at a cost to the Libyan state of almost a quarter of a billion dollars a month.

Tags: featuredGermanyLibyaNOCWintershall

Related Posts

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments
Business

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments

July 15, 2025
CBL receives results from meetings with international banks
Business

Fuel subsidies reached LD 60 billion, 30 percent of which is smuggled – therefore can invest just LD 5 bn in housing: CBL Governor Issa

July 15, 2025
Libyan Export Promotion Centre changes to become Libyan Export Development Authority – new logo adopted
Business

Libyan Export Promotion Centre changes to become Libyan Export Development Authority – new logo adopted

July 15, 2025
Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
Business

Three health centres opened in Benghazi after maintenance and development

July 14, 2025
Libya to invest $140 billion in projects over the next decade
Business

Tripoli based Libyan government plans to complete 150,000 housing units by 2030

July 14, 2025
Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop
Business

China to resume implementation of its stalled railways projects in Libya

July 14, 2025
Next Post

Siala sacks Hafter adviser Elbadri as Libya's ambassador to Saudi Arabia: report

New Spanish ambassador appointed

New Spanish ambassador appointed

ADVERTISEMENT

Top Stories

  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • China to resume implementation of its stalled railways projects in Libya

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    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

Three Fisheries officials temporarily suspend from work by Administrative Control Authority suspected of corruption

UK Minister visits Tripoli – agreement signed to improve quality of English teaching at Libyan educational establishments

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.