Erratic governance could result in NOC partition
In his latest article published on 22 October with Petroleum Economist, Chris Stephen argues that political and security instability in Libya is derailing attempts by Libya’s National Oil Corporation (NOC) to convince international oil companies (IOCs) to resume activities in Libya. Explorations by Italian oil company ENI were expected to resume in 2019, with the hope to boost Libya’s oil output, however the project was slowed down by the escalation of tensions between the Government of National Accord (GNA) and rival forces aligned with General Haftar. For Stephens, the system is plagued by an erratic governance, which could result in a partition of the institution, as warned by NOC chairman Mustafa Sanallah in a visit to Washington this month.
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