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Libyan Government Appoints New Head of State Oil Firm

  • Tripoli-based government picks Farhat Bin Qadara to run NOC
  • Oil production has fallen due to civil strife, underinvestment
An oil refinery near Tripoli, Libya.

An oil refinery near Tripoli, Libya.

Photographer: Shawn Baldwin/Bloomberg
Updated on

The Libyan government in Tripoli said it has replaced the head of the state-run oil company, adding uncertainty to crude production in a country that has seen its energy sector battered by civil strife.

An armed group raided the headquarters of the National Oil Corp. early Thursday. Farhat bin Qadara is now the company’s chairman, replacing Mustafa Sanalla, according to officials in Tripoli.