The High Council of State has formally rejected the proposed agreement for the development of the Hamada oil field, as well as laws recently enacted by the House of Representatives.
This significant decision was announced during the council’s ninety-fourth session, which convened today in the capital city of Tripoli under the leadership of Muhammad Takala.
A statement released by the council’s media office shed light on the core discussion points during the session. It specifically highlighted concerns about the “disregard displayed by the House of Representatives in their legislative endeavors,” which bypassed the council’s involvement.
Consequently, the council made a resolute decision to oppose any legislation issued by the House of Representatives that contravenes the established political agreement.
The session also delved into the contentious issue of the Hamada oil field. The National Oil Corporation’s intention to enter into an agreement for its development prompted significant debate.
Ultimately, the council voted to reject this proposed agreement while emphasizing the importance of promoting local investment in the field.
The proposed agreement had already generated controversy, facing opposition from the House of Representatives. The House accused the Government of National Unity (GNU) of relinquishing nearly 40% of the field’s production to a coalition of foreign companies.
In response, it called upon the Ministry of Oil and Gas to reconsider the negotiation terms leading to the agreement.
In a legal move, the Public Prosecution urged the head of the National Oil Corporation, Farhat Bengdara, to suspend negotiations “pending a definitive judicial ruling on contracting procedures.”
Simultaneously, the Audit Bureau in Tripoli recommended a suspension of negotiations to facilitate a comprehensive review of studies and technical reports.
