NOC Chairman: Continued burning of oil, gas and diesel for electricity output is national disaster

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NOC Chairman: Continued burning of oil, gas and diesel for electricity output is national disaster

January 31, 2022 - 21:03
Written by: AbdulkaderAssad

 The Chairman of the Libyan National Oil Corporation, Mustafa Sanallah, has warned that the continued burning of oil, gas and diesel to produce electricity is a national disaster that should be stopped.

 Sanallah added, on the sidelines of his meeting with Oil and Gas Minister-designate Ali Al-Abed, that the hydrocarbon budget costs the state treasury about 20% of its annual budget, reaffirming that the situation will be worse within two years if Libya doesn't find solutions swiftly.

 Sanallah reiterated that the General Electricity Company of Libya (GECOL) should start immediately with renewable energy projects to save 20% of the state's general budget and use it in development projects instead, citing the experiences of Arab countries that rely on renewable energy to generate electricity.