National Oil Corporation issued the following announcement on Aug. 23.
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla spoke with the chairman of the Presidency Council (PC), Mr Fayez al-Sarraj to reaffirm the importance of the implementation of resolution 642 of October 24, 2013, mandating a 67 per cent pay-rise for oil and gas sector workers by virtue of the proposal submitted to the government at the time by NOC’s Board of Directors. Mr Fayez al-Sarraj recognized the continuous demand to implement the resolution, and his appreciation of the efforts of oil sector employees and their patience in recent years, in spite of exceptional circumstances that have prevented the resolution’s implementation. A meeting between the PC, NOC and the Ministry of Finance will be held next week to discuss the implementation of the pay rise. In a separate meeting with the PC, the NOC chairman stressed the importance of increased investment in the oil sector and the corporation’s commitment to grow national oil revenues to finance improved public services and reconstruction projects across Libya. Chairman Sanalla underlined the importance of NOC receiving additional operational and investment budget in order to grow production and increase financial returns. “Oil and gas workers are making enormous sacrifices and facing many risks, especially under current circumstances. Yet, they have managed to deliver a budget surplus of more than $1.4 billion this year alone. The time has come for energy sector workers to receive recognition for their service, and to be recompensed for their efforts by implementing the 67% pay rise,” said the NOC chairman.
Original source: http://noc.ly/index.php/en/new-4/5055-noc-reaffirms-call-for-energy-sector-pay-rise