Oil expert Eng. Massoud Shriha told Sada that the Central Bank of Libya’s report clearly indicates that Libya’s oil production figures align with those provided by OPEC, effectively putting an end to ongoing debates and enhancing the credibility of the organization.
Shriha also raised a critical question regarding the allocation of funds exceeding 65 billion Libyan dinars, suggesting that such an increase will not effectively support the national economy.
He further commented on the planned offshore platform by Eni, estimated at $1.3 billion, describing it as overpriced based on industry-standard cost averages and producer and metal price indicators.
Sharayha called on Prime Minister Abdulhamid Dbeibeh to take decisive action to end the state of chaos within the National Oil Corporation (NOC).
He attributed this turmoil to growing regional, tribal, and ethnic tensions within the institution, particularly since Farhat Bengdara, whom he referred to as an Emirati national, assumed leadership.
Shriha concluded by stressing that any reform or leadership change would be in the best interest of all, contributing to greater stability and sustainable development in Libya’s oil sector.
