National Oil Corporation held a meeting onThursday 14 January 2016 with Medco International. Messrs. Mustafa Sanalla, Chairman of the Board of Directors, Abulgasem Shengheer, Member of the Board of Directors and General Manager of Exploration and Production Department, as well as a number of NOC mangers attended the meeting. Mr. Faiz Shahab, General Manager of Medco International, and the General Manager of the Company's Branch in Libya, in addition to representatives of the Second Party coalition attended the meeting on behalf of Medco International.

The meeting explored ways to boost cooperation between the two Parties. It also discussed the current circumstances that the oil sector goes through and ways to overcome such circumstances.

These meetings are being held as a result of an invitation from NOC to the International Companies and within NOC's endeavor to mitigate the effects of the current circumstances that Libya and the international oil sector go through in the light of the prices slump and the Companies inability to return to resume their activities in Libya.

NOC - National Oil Corporation issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-14 12:33:07 UTC

Original Document: http://noc.ly/index.php/en/new-4/1293-national-oil-corporation-meeting-with-medco-international