New chairman appointed to Libya's state oil firm

Appointment was made by the internationally recognised government in the east

Libya has been plunged into a civil war since 2011.
Libya has been plunged into a civil war since 2011.

Naji al-Maghrabi has been appointed as chairman of Libya's state oil firm NOC in the east of the country, Reuters quoted an oil official as saying on Saturday.

Maghrabi was appointed to the role by Libya's internationally recognised government. But the move is seen as largely symbolic as production and exports are controlled by the established state oil firm, also known as NOC, in Tripoli where a rival government is in charge.

An official said that Maghrabi, who is currently in Egypt, will replace al-Mabrook Bou Seif as chairman of NOC in the east.

Speaking on Egyptian TV channel CBC, Maghrabi said that Libya's oil production currently stands between 350,000 and 380,000 barrels a day.


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