In a meeting held in Tripoli this Monday, the Governor of the Central Bank of Libya, Nagi Issa, and the Chairman of the National Oil Corporation (NOC), Masoud Suleiman, gathered to discuss enhancing cooperation and ensuring the stability of Libya’s oil sector.
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The discussions focused on identifying mechanisms to resolve various challenges facing the industry. Both leaders emphasized the importance of securing the necessary financial resources to support the NOC’s ambitious plans to increase production levels, which is seen as a key step toward maximizing national revenues and capitalizing on favorable global oil prices.
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The two officials underscored the need for seamless coordination to provide the required funding for strategic infrastructure projects. They also highlighted the importance of maintaining a steady flow of oil revenues into the Ministry of Finance’s accounts at the Central Bank.