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Chairman of the Board of Directors of the National Oil Corporation, Farhat bin Qadara held a meeting with the Governor of the Central Bank of Libya Al-Siddiq Al-Kabir to discuss ways to finance the development program and plans to increase production of the National Oil Corporation.
Bin Qadara confirmed during the meeting that the Corporation had reached an agreement with the Central Bank regarding the transfer of revenues on a continuous and regular basis, within the framework of efforts to enhance financial stability and achieve the objectives of the development program.
Bin Qadara praised Al-Siddiq Al-Kabir’s great role in supporting the corporation’s plans to raise oil and gas production, stressing the importance of increasing national income and strengthening the national economy, according to what the corporation stated.
The Central Bank of Libya announced that Al-Kabir affirmed during the meeting his support for the efforts of the National Oil Corporation to raise oil and gas production, in accordance with established plans, pointing to increased coordination in the areas of transparency and disclosure.