Home Reports The two divisions of NOC agreed to be unified

The two divisions of NOC agreed to be unified

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LIBYAPROSPECT – London

The head of the National Oil Corporation (NOC), Mustafa Sanalla, met, on Saturday, his counterpart affiliated with the Interim Government in Al-Baida, Naji El-Maghrabi, and agreed on unifying the NOC to become one corporation in Libya.

According to the NOC website, Sanalla said that “there is only one NOC, and it serves all Libyans,” adding that “the agreement will send a strong signal to the Libyan people and to the international community that the Presidency Council can deliver consensus and reconciliation. I’m sure it will now build on this success to bring unity and stability to other government institutions.”

They, both, agreed that they made a strategic choice to merge the divisions to be led by them.

From his side, El-Maghrabi said that they will “unify and integrate NOC as directed by the House of Representatives (HoR) and the Presidential Council (PC).”

“There is no other way forward. This is for the good of Libya,” El-Maghrabi added.

The agreement means that they, both, recognizes the PC as the highest executive authority in the country, and the HoR as the highest legislative authorization.

The NOC will submit periodic reports to the committees that established by the PC and the HoR. The agreement says that the NOC the Libyan oil is for all Libyans who must benefit from it without exception, by the guidance issued by the House of Representatives and its President.

Regarding the budget of the current financial year, the two sides jointly agreed to unify it to take steps to address any imbalances resulting from the period of division.

The agreement will consider the infrastructure as the priority, especially in the city of Benghazi to become ready for the relocation of NOC’s new headquarters. They desired that the NOC board will then have the regular meetings in Benghazi once the security conditions in Benghazi becomes better.