Libya's National Oil Affirms Role as Country's Sole Supplier
- Country holds African continent’s largest crude oil reserves
- Rival eastern and western factions sign peace deal Thursday
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The National Oil Corp. based in Tripoli is the only authorized supplier of Libyan crude, and no other company has the right to help sell the North African country’s oil, Chairman Mustafa Sanalla said.
“Exports by any entity other than NOC at its legal address in Tripoli have been outlawed by a series of UN Security Council resolutions and statements,” Sanalla said in an e-mailed statement. “All serious oil market participants are aware of this.”