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
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
