Vitol sees Tripoli-based National Oil Corporation (NOC) as sole legal supplier of fuels to all of Libya, as they confirm continued collaboration on critical supply of fuel
“The UN Security Council recently said it was important for NOC to continue to function for the benefit of all Libyans,” said Vitol CEO Ian Taylor. “The key word there is ‘continue’. NOC, based at its legal address in Tripoli, has served Libya well by staying independent. We are confident it will continue to do so.”
“Libya is at a critical juncture,” said NOC chairman Mustafa Sanalla. “A peace can be built around state institutions like NOC, but will be harder to achieve if they fragment. They must be kept intact.”
Vitol has been working with NOC throughout 2015 to supply fuel and looks forward to concluding a contract for 2016 with NOC in the next few days. It will 100% guarantee and secure regular delivery of fuel to all of Libya, including the heavy oil required to support local infrastructure, such as power stations, desalination plants and hospitals.
Andrea Schlaepfer, Vitol
+44 207 973 4230
Rachael Harper, Vitol
+44 20 7973 4292