Related Articles
Interview
Forward article link
Share PDF with colleagues

Sanallah: Keep NOC out of the war

Oil is now driving the conflict in Libya, says the state company’s boss, and dragging the firm into it will worsen the situation

National Oil Company’s (NOC) chairman fears that rival factions are poised for a major new oil war for control of central oilfields, and warned the country’s politicians that unless they move fast the conflict could engulf the industry, killing off chances for a production revival and worsening the economy. “The war now is about who is governing the oil,” Mustafa Sanallah said in an interview with Petroleum Economist. “The civil war is guided by the war for the oil. Everyone wants to govern the oil.” The warring sides in Libya’s civil conflict must avoid further damage to the country’s energy installations and stop politicising NOC, which is the only institution that can now transcend the

Also in this section
Caspian contagion risks
17 August 2017
A banking crisis is a short-term risk in a region bursting with energy developments
Nervy times in Kenya's elections
11 August 2017
Oil companies will be hoping that the relatively calm passing of the country's presidential elections will pave the way for faster progress towards pipeline exports
Rosneft vs Sistema brings echoes of Yukos affair
8 August 2017
For long-term investors in Russia, the nightmare unfolding for the privately held conglomerate Sistema gives them a distinct sense of déjà-vu