UN agency voices concern over shutdown of major Libyan oil port
The NOC on Monday declared the state of force majeure in the port of al-Hariga as a result of the Central Bank of Libya's refusal to liquidate the oil budget for months
The United Nations Support Mission in Libya (UNSMIL) on Thursday expressed concern over the recent shutdown of a major oil port by the state-owned National Oil Corporation (NOC).
“The United Nations Support Mission in Libya expresses its concern regarding the recent shutdown in oil production at Marsa al-Hariga and indications that other shutdowns may be imminent. The uninterrupted production of oil as well as maintaining the independence and impartiality of the NOC remains a vital cornerstone to the economic, social and political stability of Libya,” the UN agency said in a statement.
“It is incumbent on all parties to ensure that the NOC remains an independent, technocratic, well-resourced institution and to ensure the transparent and equitable management of resources, as set out in the LPDF (Libyan Political Dialogue Forum) Roadmap, to combat corruption. This is of critical importance for the Government that is requested to improve the delivery of basic services to the Libyan people,” it said.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
Global players may decide that the organization is too Western dominated and look for a new arrangement in the 21st century The world has entered a period of qualitative change that will irreversibly alter the […]
Dams in storm-hit Derna in eastern Libya have not been maintained for more than two decades and the infrastructure was not built to withstand the effects of this week’s devastating floods, the city’s deputy mayor […]
The decision by OPEC+ to boost its production quotas did not have the desired effect on oil markets, with prices having increased since then. One of the main reasons for this upward pressure is that […]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoPrivacy policy