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The National Oil Corporation: an important clarification
In addition to what was reported from the newly created Ministry of Oil of legal confusion and fallacies regarding its minister’s claim that the Chairman of the National Oil Corporation (NOC) was suspended from work on October 14, 2021.
The NOC reports that the Administrative Control Authority, which is the highest supervisory authority in the country, had ruled, in accordance with its letter No. (21-7596) dated October 25, 2021, that the decision of the “Minister of Oil” was invalid, and the Authority considered that this decision is nothingness Because it was issued by a non-specialist.
The National Oil Corporation has clarified on several occasions the invalidity of these flawed decisions issued by the minister with more personal than professional motives, which reflect a great shortcoming and lack of understanding of the law regulating state institutions, which defines the powers of everyone without exception, but the minister insists on transgressing his powers and practicing a policy of misinformation. For the purpose of disrupting the work of the National Oil Corporation, which, thanks Allah and the efforts of its workers, was able to achieve the highest financial revenues for the Libyan treasury in light of the scarcity of budgets and the lack of the necessary funding resources.
Finally… The National Oil Corporation affirms that it retains its legal right to defend its positions aimed at continuing production and achieving the highest revenues to support the national economy and achieve the aspirations of all honorable and patriots… and that it will not allow anyone to infiltrate, politicize or drag it from the areas of neutrality that it has adhered to for years. And that it will confront the delusional firmly and forcefully, according to what is authorized by local and international law.