Head of NOC slams Ministry of Finance for delaying 2018 budget

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Head of NOC slams Ministry of Finance for delaying 2018 budget

February 21, 2018 - 12:42
Written by: HousamNajjair

The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, criticized what he described as the foot-dragging of the Ministry of Finance in liquidating the NOC`s budgets for this year, considering that this delay will have serious consequences on the entire sector.

“The delay will lead to a low level of production again in large proportions in addition to having a negative impact on projects.” He said during a meeting with the Chairman of the Management Committee of Jowfe Oil Technology Company, Majdi Jibril,

According to the official website of the NOC, both officials discussed the mechanism for continuing the company's work and future programs as well as financial difficulties experienced by the company, which cause a stalling in some important projects and inability to pay its employees' salaries for the past several months.