Sanalla: Tripoli war hindering 60 billion dollars in oil purchases

Alwasat - Cairo Thu 09 May 2019, 07:24 PM
alwasat radio

Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), warned of the "ongoing hostilities in the capital Tripoli", pointing out that they represent a direct threat to the efforts to develop the Libyan oil sector.

"The conflict is hampering a $60 billion procurement campaign by US companies specializing in providing services to oilfields," he said at a forum hosted by the US-Arab Chamber of Commerce in Houston. He also added: "Libya is targeting  production 1.4 million barrels per day by the end of 2019, and 2.1 million barrels per day by 2023."

 Since April 4th, the suburbs of Tripoli since have witnessed clashes between the forces of the General Command led by Marshal Khalifa Haftar and the government of national accord resulting in 443 dead and 2110 wounded, according to the latest toll announced by the World Health Organization.

"We are implementing 56 major projects, including the drilling of 38 test wells and 70 development wells," he said, referring to the NOC's efforts to invest in the development of existing fields, the use of gas and the rehabilitate of closed wells. "We can not do this is on our own, so we are looking for the necessary expertise from suppliers, vendors and US service companies. "

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