Monday , 19 October 2020
Home / Featured Articles / West and east NOC to reunify and hope to commence increased oil exports
Magharebia; Mohand Ouali;

West and east NOC to reunify and hope to commence increased oil exports

Libya’s rival National Oil Corporations (NOC) have agreed to reunify the corporation and resume oil exports. The announcement followed on from a meeting between the two rival NOC chairmen in Ankara, the Turkish capital on Saturday.

The announcement says that Tripoli’s NOC head, Mustafa Sanalla is to become chairman while Beida’s head Naji Maghrabi would become a member of the board. In return, the NOC headquarters would be returned to its pre-Qaddafi era location in Benghazi.

The agreement also recognizes the legitimacy of the House of Representatives as the only legislature in Libya and the Presidency Council/GNA as the only executive in the country. The unified body will send periodic reports to both bodies.

The two sides also jointly agreed a unified budget for the remainder of the current financial year, and took steps to address any imbalances resulting from the period of division. The agreement makes infrastructure rehabilitation a priority, especially in the city of Benghazi in preparation for the relocation of NOC’s new headquarters, it said.

The parties expressed a strong desire that the NOC board should meet regularly in Benghazi in the interim if security conditions permit.

“There is only one NOC, and it serves all Libyans,” said Sanalla. “This agreement will send a very strong signal to the Libyan people and to the international community that the Presidency Council is able to deliver consensus and reconciliation. I’m sure it will now build on this success to bring unity and stability to other government institutions.”, he added.

“We made a strategic choice to put our divisions behind us and to unify and integrate NOC as directed by the House of Representatives and the Chairman and Members of the Presidency Council,” said Maghrabi. “There is no other way forward. This is for the good of Libya.”

Speaking to Libya’s Channel TV, Maghrabi said that the agreement is based on several pillars, the most important of which is working with the HoR. He said that the east could not work with any government that has not been approved by the HoR. The agreement would not be effective unless the HQ is transferred to Benghazi, adding that holding periodic meetings in Benghazi would not be enough.

The HoR Energy Committee head, Issa Arebi speaking on the same channel, confirmed the above, including the

Check Also

Libya Army: ‘Haftar’s militia targeted our forces in Sirte with 4 missiles’

A military source announced on Thursday that the militia of Major General Khalifa Haftar fired …