Libya creates council to manage oil and gas affairs

Libya has established an authority known as Council for Oil and Gas Affairs mandated to handle all matters involving oil, gas and their by-products in the country.
The Council is led by the Libyan general people’s committee (prime minister) secretary general, Dr Baghadadi Mahmoudi, and has the authority to rule on any matter dealing with oil, gas and other oil products in Libya.

The decision to set up the Council, which will also review and assess oil extraction and exploitation programmes, was made.
Its members are the general people’s committees (ministries) secretaries for Economy, Trade and Investment, Tayeb Saffi, for Plan, Dr Tahar Jehimi, for Workforce, Training and Employment, Maatoug Mohamed Maatoug, for Industry, Electricity and Mining, Fethi Ben Chatouan and the Finance Minister, Dr Ahmed Menissi.

Other members are the Libyan Central Bank governor, Fathi Ben Gdhara, the NOC management Committee secretary, Dr Choukri Ghanem and several oil experts and specialists.
The Council, which must submit its decisions to the Libyan general people’s committee, will also be tasked to decide on production quantities and plans to manage crude oil and its by-products plus instituting measures to preserve and develop oil resources.