Two conflicting Libyan oil companies agree for unification

Jul 03, 2016 12:00 AM

Conflicting leaders of the Libyan National Oil Corporation (NOC) in the east and west of the divided country came to an agreement that corporation needs unification.


Conflicting leaders of the Libyan National Oil Corporation (NOC) in the east and west of the divided country have agreed for the corporation's unification and recognized the Presidency Council formed along with the Government of National Accord, as the highest executive authority in the country, the NOC said Sunday.

Oil-rich Libya previously had problems with oil exports due to the confrontation within the NOC. The Libyan parliament based in the eastern city of Tobruk has not yet supported the UN-backed Libyan Government of National Accord.

According to the NOC statement, Mustafa Sanalla, that chairman of the National Oil Corporation of Libya, and his counterpart appointed by the government in Bayda, Nagi Maghrabi, agreed to unify the National Oil Corporation. Sanalla will continue as NOC chairman and Dr Maghrabi will join the NOC board, the statement reads.

"There is only one NOC, and it serves all Libyans. 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," Sanalla said as quoted in the statement.

The sides outlined infrastructure rehabilitation, especially in the city of Benghazi, as a priority.

In June, the Libyan Armed Forces under the control of the internationally-recognized parliament in Tobruk announced the general mobilization in the country. The operations were launched against various militant groups, such as al-Qaeda and Islamic State (IS), which had seized parts of the eastern towns of Benghazi and Ajdabiya.


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