Two rival Libyan National Oil Companies agree to unify
he heads of the rival National Oil Corporations (NOC) in Libya have agreed to a unified structure with just one NOC. The move will be welcomed by the oil industry and could lead to a quick increase in production.
|Before, a meeting in May at which the two rival officials had agreed in principle to a unified NOC, the two sides fought over whether the Tripoli NOC backed by the GNA or the Tobruk branch backed by the HoR had the right to export oil. Attempts by the eastern NOC to export oil had been foiled when a tanker was forced to sail to a western port to unload its oil.|