In its attempt to mitigate the effects of the current circumstances and the International Companies inability to return to resume their activities because of the currents events that Libya and the Oil Sector go through, in addition to the oil prices slump, and in its carefulness to avoid the effects of such circumstances on its relationship with its partners,

NOC called for meetings with its partners in order to agree on arrangements through which the impacts arising from such circumstances shall be mitigated.

All Companies have responded positively to this invitation. The first of these meetings started this morning Monday January 11, 2016 with Suncor Energy, the Canadian Company. Mr. Mustafa Sanalla, the Chairman of the Board of Directors, Mr. Abulgasem Shengheer, Member of the Board and the General Manager of Exploration and Production Department, in addition to a number of NOC managers and Mr. Joe Smargiassi, the General Manager of Suncor Energy, Libya Branch attended the meeting.

The two Parties showed thorough understanding and enthusiasm to overcome these circumstances and support the cooperation relations between them.


NOC - National Oil Corporation issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 17:08:25 UTC

Original Document: http://noc.ly/index.php/en/new-4/1273-national-oil-corporation-holds-meetings-with-its-international-partners