NOC chief accuses eastern authorities of illegally selling oil to Egypt and UAE at a lower price

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NOC chief accuses eastern authorities of illegally selling oil to Egypt and UAE at a lower price

June 11, 2019 - 12:06
Written by: SafaAlharathy

Chairman of the National Oil Corporation (NOC), Mustafa Sanallah said Monday, that the parallel government in eastern Libya signed contracts with Egyptian and UAE-based companies to sell oil at $ 55 a barrel, which is less than the official price.

In an interview with the Times newspaper, Sanallah warned of the risk of dividing the country's oil sector, pointing out that if the production and export operations get out of the NOC control, the fighting will be perpetuated and oil will be used to fund the war.