The new interim leadership of Libya’s National Oil Corporation (NOC) has come with a sweeping reform drive, with acting chief Masoud Suleiman pledging to rid the vital sector of “suspicious” and costly practices adopted by the state firm under his predecessor Farhat Bengdara.
NOC last month announced that Mr Bengdara had resigned from his role as Chairman on medical grounds (MEES, 31 January), amid speculation that his departure was prompted by political wranglings over the leadership of the key body. He had held the position since July 2022, following a deal between the country’s east-west rival administrations to maintain their shares of oil and gas revenues (MEES, 15 July 2022). (CONTINUED - 988 WORDS)
