CBL, LIA, Presidential Council agree on supporting NOC
The Presidential Council, the Central Bank of Libya (CBL) and the Libyan Investment Authority (LIA) agreed Monday to provide support for the National Oil Corporation (NOC) to help boost the Libyan oil output.
The state organizations also stressed for the need of tackling the economic challenges in Libya so that cash returns in the banks as usual, let alone supporting the Libyan dinar and resuming the suspended projects.
The meeting took place at the CBL’s headquarters in Tripoli with the attendance of the CBL’s governor, Al-Siddiq Al-Kabir, PC’s Head Gayez Al-Sirraj, the NOC Chairman Mustafa Sanallah and the LIA’s CEO, Ali Mahmoud.
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