Libya’s National Oil Corporation (NOC) held a technical meeting with Sirte Oil Company at its headquarters in Marsa el-Brega to discuss its activities for the current year.
According to a statement released by the corporation’s media office on Thursday, the meeting focused on projects aimed at boosting production to 120,000 barrels per day as soon as possible and addressing the challenges faced.
The meeting was attended by the technical department managers of the corporation, the chairman and members of the management committee of Sirte, and representatives from Al-Jouf, Libya Technology, Construction, and the Research Center.
Last month, the NOC of Libya officially denied conducting any negotiations regarding crude oil supplies to Nigeria’s Dangote Refinery, according to a statement released on the X platform.
This announcement contradicts claims made last week by a senior executive at the Dangote Refinery, who told Reuters that the company was in talks with Libya to procure crude oil for its facility, which boasts a capacity of 650,000 barrels per day.
In its statement, the NOC clarified that it “has not engaged in negotiations or discussions about supplying crude oil to any refinery in Nigeria.”
It further emphasised its commitment to its existing contracts with international partners and adherence to the legal mechanisms for selling Libyan crude oil, stating that it does not operate under a spot sale mechanism.
The NOC also highlighted that the pricing of crude oil is determined through a committee of experts and is officially approved by the corporation and the Libyan Ministry of Oil and Gas.
Libya and Qatar are taking steps to strengthen their cooperation in the oil sector. On a recent visit to Tripoli, Qatari Ambassador to Libya Khalid Al-Dosari met with Farhat Bengdara, the Chairman of the NOC, to discuss potential collaborations.
