President of Presidential Council, Head of GNU Government, Governor of Central Bank of Libya, heads regulatory bodies and Ministers discuss ways to implement extraordinary budget for National Oil Corporation.

An expanded meeting was held on Tuesday morning at the Cabinet Office, in the capital Tripoli, devoted to discussing ways to implement the exceptional budget of the National Oil Corporation. The meeting included President of the Presidential Council Mohamed Al- Mnefi, President of the Government of National Unity Abdul Hamid Al Dabaiba, Governor of the Central Bank of Libya Al Siddiq Al-Kabir, the Head of the Audit Office Khalid Shakshek, Head of the Administrative Control Authority Suleiman Al-Shanti, Chairman of the Finance and Planning Committee of the House of Representatives Omar Tantoush, Ministers of Finance Khalid Al-Mabrouk, Oil and Gas Mohamed Aoun, Acting Minister of Planning Mohamed Al-Zaidani, Chairman the National Oil Corporation Farhat Ben Qdara and members of the Extraordinary Budget Follow-up Committee of the National Oil Corporation selected by virtue of Cabinet Resolution No. 154 of 2022.

During the meeting, they followed up on the implementation of the extraordinary budget of the National Oil Corporation, and identified the actual steps and their impact on the stability of the Corporation and production increase.

Participants in the meeting stressed need to support the National Oil Corporation and introduce the governance system in the institution, as well as introduction of a medium and long plan for the sector, which contributes to the stability and increase of production.

During the meeting, the President of the Presidential Council, Mohammed Al- Mnefi praised the role of the selected committee and its efforts to increase production rates, despite circumstances the oil is going through.

Source: Libyan News Agency