Eng. Masoud Suleiman, Acting Chairman of Libya’s National Oil Corporation (NOC), inaugurated the General Assembly meetings of the NOC and its affiliated companies today. In his opening speech, Suleiman emphasized that despite numerous challenges, the NOC continues to operate with neutrality and high professionalism. He praised the efforts of sector employees, which led to a significant increase in production, achieving the 2024 target of 1.4 million barrels per day.

The NOC's leadership, Suleiman stated, remains committed to stabilizing production levels while striving to achieve further targeted increases. He highlighted the importance of prioritizing worker safety across all sites and protecting contractors, suppliers, and visitors from potential risks associated with oil operations.

Suleiman further called for balancing the continuity of operations with sustainable production growth, urging the application of best practices in health, safety, and environmental protection. He stressed the need for a secure work environment, continuous support to overcome operational challenges, and efforts to maintain optimal production rates safely.

The General Assembly meetings began on Sunday at the headquarters of Arabian Gulf Oil Company (AGOCO) in Benghazi. Attendees included members of the NOC Board of Directors, senior executives, and specialists from across the sector.

Over the next eight days, the meetings will take place in Benghazi, Sebha, and Tripoli, where NOC subsidiaries will present key performance indicators from 2024. Discussions will focus on progress toward last year’s goals and plans for 2025.

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