The brand new interim management of Libya’s Nationwide Oil Company (NOC) has include a sweeping reform drive, with appearing chief Masoud Suleiman pledging to rid the very important sector of “suspicious” and dear practices adopted by the state agency underneath his predecessor Farhat Bengdara.
NOC final month introduced that Mr Bengdara had resigned from his function as Chairman on medical grounds (MEES, 31 January), amid hypothesis that his departure was prompted by political wranglings over the management of the important thing physique. He had held the place since July 2022, following a deal between the nation’s east-west rival administrations to keep up their shares of oil and fuel revenues (MEES, 15 July 2022). (CONTINUED – 988 WORDS)
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