The Libyan National Oil Corporation (NOC) has emphasized its position as the one and only legitimate entity in Libya that is recognized by the UN resolutions to be entitled to sell Libya's crude oil. In a statement issued on Sunday, the NOC reaffirmed that the contracts that include all of 2017 Libya's oil production have been signed by the NOC with 16 international oil firms. "Only the firms that we signed contracts with are holders of legitimate purchase claims of Libyan oil and thus are entitled to hire oil vessels from the Libyan oil terminals in 2017." It indicated that it had depicted some individuals, who are using the current political fragmentation in Libya, signing tens of illicit contracts with obscure firms, which are not qualified for purchasing Libya's oil. "They offered to sell Libya's oil with even discount offers on the official selling price, thus losing Libya for those contracts (if of course were to take effect) hundreds of millions of dollars compared to the legal contracts the NOC signs."

Source: Libya Observer March 26, 2017 20:48 UTC