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Libya’s NOC and France’s Total agree more investments in oil fields

The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, discussed – on Wednesday – with Stephen Michel, President of Total Exploration and Production in the Middle East and North Africa, the corporation’s efforts and tireless efforts to raise the production capacity and increase production rates to the highest levels – according to the official website of the institution.

These discussions came during a hypothetical meeting – from the headquarters of the NOC in Tripoli – gathering “Sanalla” in the presence of the member of the board of directors for exploration and production of the corporation, “Abu Al-Qasim Shanqir”, with the President of Total and accompanied by both the General Manager of Total Libya Branch and the Director of Investment, by linking Across the closed circles of the French capital, Paris.

The meeting also touched on Total’s desire to expand its investment base in Libya, and discussed the challenges facing the corporation, foremost of which are the budgets needed to run the sector’s business, complete important strategic projects that will support the national economy, and complete maintenance work in all its sites.

For his part, “Stephen Michel” congratulated the Board of Directors of “NOC” on the occasion of its ability to resume maintenance and production operations and reach previous rates despite the difficult conditions that Libya is going through and the scarcity of budgets, and made clear that Total is ready to provide support and build bridges of cooperation with its strategic partner represented by the National Oil Corporation, while “Sanalla” appreciated the efforts made by the production, maintenance and project departments, and the efforts of all workers in oil fields and sites throughout Libya.

“Sanalla” continued by saying: “All these steps have borne fruit through coordination with the departments concerned with all companies, and the implementation and good and accurate completion of all maintenance work carried out for surface equipment and crude oil transmission lines, in exceptional and very difficult circumstances, which clearly explains Rapid return to previous production rates, which reached one million and 250 thousand barrels per day, which are almost the same rates achieved by the corporation and its companies before the shutdowns.

Sanalla affirmed that the Corporation is looking forward to continuing a constructive partnership with Total, as this giant company has the expertise and technologies that will contribute significantly to the development of the oil and energy sector in Libya.

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