NOC pleads for money from Tripoli
Unity government’s refusal to transfer funds pledged to state firm is stalling oil-output recovery, says NOC chief
Libya’s oil recovery is being hindered by the UN-appointed government’s refusal to disburse money to the state company, said head of National Oil Corporation (NOC) Mustafa Sanallah. Libya’s oil output could leap from 200,000 barrels a day now to 0.9m b/d by year end and 1.2m b/d “within 12 months” – but only if the Government of National Accord’s (GNA) Presidency Council starts to release money it has pledged to NOC, Sanallah said in a lengthy interview with Petroleum Economist. “Why are they blocking the money for NOC?” Sanallah asked, referring to the Presidency Council, the GNA’s executive arm. The money was crucial for the state company to begin a recovery in oil output, to the benefit o
Also in this section
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
