Libya’s National Oil Corp. (NOC) is challenging Tripoli’s pending reforms to the oil sector that could see the government gain greater control over future investment and oil sales while undermining the state firm’s independence as Libya’s economy continues to suffer amid civil conflict. NOC Chairman Mustafa Sanalla said on Monday that he had asked the Presidency Council (PC) to withdraw its resolution, issued on Mar. 25, which would make the former Oil Ministry redundant and split its policymaking functions between the PC and the state oil firm.
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