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National Oil Company Declares Affiliation With National Consensus Government.

Pulbished on:
Tripoli, 3 April 2016(Lana) The Nation Oil Company NOC has announced that it now is affiliated with the UN-backed National consensus Government in Libya. The CEO of the company Sun'allah Al Zwei said in a statement posted on the Company's website, ' we work with the National Consensus Government led by Fayz Al Saraj, to we would leave divisions behind.'We now have a legal framework to work within, he added. The NOC, for decades, is running the oil sector of the country which boasts the largest oil reserves in Africa estimated at 48 billion barrels. The NOC is handling exploration work, marketing of oil and gas both inside and outside the country as well as contracting local and foreign companies. Meanwhile, the Head of Oil Installations Guard Force, which secures main oil terminals in eastern Libya said he would not allow oil to be exported except for the benefit of the National Consensus Government.' The UN Security Council welcomed the move, calling on all countries to stop dealing with a parallel NOC in eastern Libya. The NOC supports the UN Security Council statement on restricting trading with the UN-sponsored government, Sun-allah said. =Lana=