The National Oil Corporation (NOC) has warned that the absence of an operating budget and mounting debts are threatening efforts to maintain and increase oil production. The warning came during a meeting in Tripoli on Monday with the Administrative Control Authority, attended by senior officials from both institutions. NOC chairman Masoud Suleiman said the corporation had not received an operating budget during 2025, while debts owed to service companies and suppliers had continued to rise. He said this had placed the corporation under severe pressure, forcing it to balance production targets against growing financial constraints. Meanwhile, the head of the Administrative Control Authority, Abdullah Gaderbouh, rejected what he described as unsubstantiated criticism of the NOC.

Source: Libya Observer January 13, 2026 18:40 UTC