Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

NOC swings at eastern competition

NOC has signalled newfound faith in the Libya's Central Bank, following the formation of a new government and oil ministry.
Valve control wheels are seen on pipes at the Zawiya oil refinery near Tripoli, Libya. Photographer: Shawn Baldwin/Bloomberg

Libya’s National Oil Corp. (NOC) is fighting a rearguard action to secure the company’s unity, following the establishment of a rival board of directors for the Brega Petroleum Marketing Co. (BPMC).

NOC said accusations that there were insufficient fuel supplies to Libya’s east were false.

“Fuel supply to the eastern and central regions is more than adequate for civilian purposes. The real motive behind this attempt is to set up a new illegitimate entity for the illegal export of oil from Libya. Let us be clear, if NOC loses its oil export monopoly, the future integrity of Libya is at grave risk,” said NOC’s head Mustafa Sanalla.

He went on to warn anyone considering signing contracts with the “false company” was a “clear violation of Security Council resolutions. NOC will pursue all legal avenues available to secure Libya’s unity.” Sanalla also raised the question of what was driving the divisions, saying this served “narrow interests and foreign agendas”.

The BPMC split was said to have been driven by a shortfall in supplies of kerosene and jet fuel to the east. This area is held by the House of Representatives (HoR) and the Libyan National Army (LNA), as led by General Khalifa Haftar. The LNA has made inroads in expanding its territory, though, and has been besieging Tripoli since April.

NOC said supplies of aviation fuel during the first three months were up 21% year on year and, in the second quarter, up 52%. The company went on to say supplies had been reduced in August as regional warehouses had reached storage capacity.

The chairman of the parallel board of directors was investigated by NOC this year. He was suspended and referred to the prosecutor’s office for a criminal investigation. Reuters named the chairman as Khairallah al-Obeidi, citing an official document from the eastern government.

Platts said BPMC’s rival board intended to begin importing its own supplies of petroleum products.

The eastern HoR government, based in Benghazi and Bayda, has previously attempted to establish its own parallel institutions, including a rival central bank and its own NOC. The faction has also tried to export its own crude, although the international community has proved willing to step in and halt such transactions. Efforts are likely to intensify on this front, which is likely to test the US’ determination to halt such plans.

One way in which Haftar has made a bid for legitimacy is through the handing over of captured infrastructure, such as terminals and oilfields, to the Tripoli-based NOC. As fighting continues around Tripoli, and the various foreign states play out proxy politics in Libya, the eastern government may well feel freshly emboldened to make its own luck.

Recommended for you

More from Energy Voice

Latest Posts