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Dbaiba meets with NOC Chairman.

Pulbished on:

Tripoli, August 6, 2025 (LANA) - Prime Minister of the Government of National Unity, Abdul Hamid Dbaiba, met with the Chairman of the Board of Directors of the National Oil Corporation, Masoud Suleiman, on Wednesday to follow up on the implementation of the corporation's production plan and the development projects currently being implemented in the sector.

The Prime Minister's Media Office stated that the Chairman of the Corporation gave a detailed presentation on the stability of current oil production rates, explaining that crude oil production reached more than 1.406 million barrels per day, condensates exceeded 53,539 thousand barrels per day, while natural gas production reached more than 2.550 billion cubic feet per day. He added that these figures represent the level of stability achieved by the corporation in the recent period, while efforts to implement the plan to increase production rates continue through multiple development and exploration projects.

The Chairman of the Corporation also presented a technical position on the recently signed Memorandum of Understanding with the American company ExxonMobil, which aims to conduct exploratory technical studies for four offshore blocks located off the northwest coast and the Sirte Basin, as part of enhancing exploration and development opportunities in the offshore sector.

The meeting reviewed the results of the meeting between the Chairman of the Corporation and the executive management of SLB Schlumberger Middle East, held in London. The meeting discussed prospects for joint cooperation, supporting digital transformation programs, and enhancing the efficiency of exploration and production operations.

Dbaiba affirmed the Government of National Unity's continued support for the National Oil Corporation's efforts to enhance production levels and develop the sector with the aim of utilizing oil resources for the benefit of the national economy. He praised the openness and international cooperation witnessed by the Corporation with major international companies, which contributes to developing the sector and achieving economic sustainability.

=Lana=