Plans to raise production and address financial challenges
LIBYA – Mohamed Bin Shatwan, chairman of the board of Arabian Gulf Oil Company (AGOCO), received at his office Najib Tantoush, director-general of exploration and production, and Abdelrahim Al-Zanati, director of the major projects department.
Operational and financial challenges
During the meeting, they reviewed plans to raise production and ways to overcome the operational and financial challenges facing the sector, as a follow-up to an expanded meeting held with National Oil Corporation (NOC) chairman Masoud Suleiman.
Boosting exploration activities
The expanded meeting discussed boosting exploration activities, as well as operational needs linked to raising production.
Settling debts and company dues
The meeting also reviewed urgent solutions to settle accumulated debts and dues owed to service companies, to ensure operations continue without interruption.
