Libya, UAE to Cooperate in Oil Sector

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 11-Oct-2018

The Libyan National Oil Corporation (NOC) chairman Mustafa Sanallah met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London yesterday, October 10.

The two parties discussed mutual cooperation and the international community’s approach to Libya, including the protection of legitimate institutions, such as NOC, in accordance with the rule of law.

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Discussion focused on Libya’s challenging security environment and the potential threat to national stability and oil market supply. NOC’s Chairman requested the UAE government take stringent measures against companies or individuals involved in Libyan oil theft, including those entering into illegal contracts with unauthorized or parallel institutions, in contravention of United Nations Security Council resolutions.

However, Sanalla expressed his hope for an international consensus on Libya and a fruitful dialogue with the UAE on areas of common interest. The parties also discussed commercial co-operation and future opportunities to create prosperity in Libya.

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