Presidential Council scraps oil ministry, shares its authorities with NOC - News Summed Up

Presidential Council scraps oil ministry, shares its authorities with NOC


The UN-proposed government's Presidential Council (PC) has issued a new order that divides the authorities and specialties of the Oil and Gas Ministry between the Prime Ministry and the National Oil Corporation (NOC). The PC will also be responsible for contracting as well as issuing investment licenses and issuing or canceling contracts to extract oil, let alone pricing crude oil and gas. It will also suggest giving or taking away investment licenses, and specifying the daily oil and gas production in the country." The order strips Mustafa Sanallah of the authorities of the Minister of Oil, which he has been practicing since the deputy minister Omar Al-Shakmak resigned in 2014. Meanwhile, when Fayez Al-Sirraj was appointed a PM for the UN-proposed government, he did not appoint a minister for the oil and gas ministry.


Source: Libya Observer March 27, 2017 20:37 UTC



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