Ben Gddara: One of the priorities of the management of the Corporation is activation of governance systems and commitment to implementation of Libyan oil law.

  Tripoli, 14 July 2022 (Lana) The newly-appointed Chairman of the Board of Directors of the National Oil Corporation (NPC) Farhat Bin Gddara asserted that one of the priorities of the Corporation's management will be the activation of governance systems and commitment to the implementation of the Libyan oil law, which defines relations with international institutions.

   "We will work with the highest standards of transparency by disclosing revenues, the way they are accumulated, and what has been spent within the institution and its companies, and the employees in the sector, and I assure oil workers that the planned increase will be implemented within two months," Ben Gddara said in a press conference on Thursday after taking office as chairman of the board of directors.

He stressed the need for Libya to return to its export levels of oil and gas and that the extraordinary budget of the sector in order to achieve its desired goals, and that international and local parties have agreed that the institution should be run by a personality that does not have political or ideological affiliation, to manage it in a neutral and professional manner."

Ben Gddara reassured foreign partners to that the board would adhere to all commitments and agreements concluded and would seek with government supervision to develop them.

 Regarding claims of his relationship with a particular country, Ben Gddara said regarding my relationship with any country, this is nonsense and its aimed to create confusion, I travel to every place in Libya without problems, and I am not affiliated with any party, I am a patriotic and independent man, in my opinion and I do not want to bid on anyone."

He pledged not to enter the corporation into political wrangling, referring to a contact with officials of the U.S. Embassy to Libya, who expressed fear of using oil funds to support one party at another’s expense, continuing that he made it clear to them, that he had consulted with parties of the French government in the same context, as well as the Unity Government held talks with other international parties.

=Lana=