NOC Chairman Discusses Solutions for Financial Challenges in the Sector at Extended Meeting
On Tuesday, August 26, 2025, Engineer Masoud Suleman, Chairman of the Board of Directors of the National Oil Corporation (NOC), held an extended meeting at the NOC’s headquarters in Tripoli with the heads of the management committees from its subsidiaries, centers, and institutes.
The meeting discussed available ways to resolve the financial constraints of these companies and centers. It explored financing mechanisms to facilitate their operations, and emphasized the need to double the pace of work aimed at increasing production in accordance with the NOC’s strategies, while maintaining current production rates.
During the meeting, the Chairman of the Board of Directors emphasized the importance of prioritizing employees, particularly regarding timely salary payments. He urged that salaries be disbursed on schedule, without delays or impacts on benefits and incentives. He also highlighted the need to prioritize the medical insurance program for all employees and stressed the importance of ensuring fairness in providing training and development opportunities, both domestically and internationally, across various specialties.
He also praised the efforts of companies and employees across the sector’s various field and service sites for their impressive production rates in recent months. He described their success in maintaining these levels as remarkable, while stressing the importance of coordinating with the NOC in advance regarding any scheduled shutdowns or overhauls, particularly at refineries and gas fields.
Engineer Masoud stressed the importance of adhering to safety and environmental protection standards, reducing gas flaring, and expanding solar power generation in the fields. He highlighted the need to use this energy to supply gas for both the local market and export. He also emphasized the swift implementation of digital transformation projects.
The meeting was attended by the Director of the Payroll Department at the Ministry of Finance, who provided a detailed overview of the process for entering sector employee data into the Ministry’s system. He also addressed some technical challenges faced by the data entry personnel in the sector.