Sanalla: We realize that there is corruption and injustice but closing the oil ports will impoverish the Libyan state

Alwasat - Cairo Mon 27 Jan 2020, 07:06 PM
alwasat radio

"The recent closings of oil ports may have devastating effects on the Libyan economy and the lives of the ordinary Libyan citizen in the long run," said Mustafa Sanalla, Chairman of the Board of Directors of Libya's National Oil Corporation.

"We are fully aware of the existence of corruption and injustice in Libya," he said in a speech to the Chatham House Institute on Monday. We feel angry and disgusted by the economic situation. But committing an illegal act such as shutting down Libyan oil production will only lead to the impoverishment of the Libyan state and the erosion of the rule of law in it. ”

He added, "The National Oil Corporation will not receive the budget it needs for its ambitious program to increase oil production, and this means the Libyan people will lose billions of dollars in the coming years."

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