Business Day

Libyan oil giant shrugs off fatal attack

- Agency Staff Cairo/ Dubai /Bloomberg

Libya’s National Oil Corporatio­n (NOC) will carry out operations as usual across the country after security forces quashed a deadly attack on the state company’s headquarte­rs in Tripoli, the NOC’s chair said.

All the attackers were killed, and security forces are now in control of the headquarte­rs of the NOC, the most important revenue-generating government institutio­n and a rare embodiment of unity in the divided country.

Two employees were killed and at least 10 people injured, said Wissam Al-Messmari, a manager for the Petroleum Facilities Guard.

No one claimed responsibi­lity for the attack.

“The NOC will not be affected by such actions and we are determined to carry out our mission,” said NOC chair Mustaffa Sanalla. “We will continue with our job and our production normally.”

The attackers struck a stunning, if symbolic, blow against one of the few national institutio­ns in Libya to have endured more than seven years of conflict and chaos after the ouster of former leader Muammar Gaddafi. The NOC has weathered the emergence of rival government­s in the west and east of the country and it continues to pump and export crude oil in spite of sporadic attacks on fields, ports and other facilities.

NEUTRAL ROLE

Sanalla has served as the NOC’s chair since May 2014 and has sought to remain neutral throughout Libya’s political turmoil. The 56-year-old petrochemi­cal engineer is credited with reassertin­g the authority of the Tripoli-based NOC against attempts by eastern parties to sell oil independen­tly. Under his tenure, Libya signed contracts with internatio­nal companies, ended a blockade of its ports and boosted production.

Libya holds Africa’s largest proven reserves of crude oil. A member of Opec, it pumped about 970,000 barrels a day in August, an increase of 310,000 from July. Even so, the output level is far below the 1.6-million barrels a day Libya produced before 2011.

The attack could complicate the recovery in Libya’s oil output, though Sanalla insisted that it will not affect the NOC’s operations.

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