Libya’s NOC gets new boss

Libyan oil exports31 May 2014, News Wires – Libya’s National Oil Corporation (NOC) has a new chairman following the sudden resignation of Nuri Berruien late last week.

Mustafa Sanallah is a member of the NOC board and has previously served as acting chairman of the state oil company as well as heading the National Oil Fund.

Berruein quit last week without explaining why he was leaving NOC, but sources said political and other pressures – including threats to his personal safety – had recently increased.

The resignation came as Libya continues to struggle to boost production as much infrastructure remains crippled.

Worker protests and assets damage have held back output growth, while key export terminals remain out of action.




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