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Libya's NOC Appointed New Head

OIL

Head of the Hand over Committee, Mustafa El-Samou, confirms that bin Qadara has officially assumed his duties as head of the Libya’s National Oil Corporation.

  • The hand over took place without the presence of Sanalla and was the result of the military taking control of the NOC office.
  • The US have objected to a new boss being appointed and leaves Libyan oil buyers with questions over who they are now dealing with.
  • The appointment comes at a time when Libya is vastly underproducing versus its capacity due to disrutpions at ports and across fields.
Energy BulletsCommodities
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