Page 9 - AfrOil Week 38 2021

AfrOil PERFORMANCE AfrOil

Among the projects funded by oil revenues are Jubilee field had accounted for the largest share
the Anumabo Fisheries College, the Atuabo of the total with 350.47 bcf (9.924 bcm) during
gas-processing plant, the Enchi-Asangkragwa the same period, followed by the Sankofa/Gye
road, the Free Senior High School (SHS) pro- Nyame project with 199.127 bcf (5.639 bcm)
gramme, the Kojokrom-Takoradi railway and and the Tweneboa-Enyenra-Ntomme (TEN)
the third terminal in Kotoka International Air- block with 179.885 bcf (5.094 bcm).
port, he added. PIAC is an independent statutory agency that
Adom-Frimpong also said during the forum has been tasked with monitoring the Ghanaian
that Ghana had produced a total of 789.482bn government’s management of crude oil and nat-
cubic feet (9.924bn cubic metres) of natural ural gas revenues and promoting accountability
gas between 2014 and 2020. He noted that the and transparency in these activities. ™

POLICY
Libyan PM says Sanalla will

remain in place as NOC chairman

LIBYA LIBYA’S Prime Minister Abdul Hamid Dbeibah the NOC chief for leaving the country without
has taken action to ensure that Mustafa Sanalla, first obtaining permission from his ministry. He
the long-time chairman of Libya’s National Oil claimed that Sanalla had violated Oil Ministry
Corp. (NOC), will remain at his post. policy and was not authorised to act as the head
According to a report from Bloomberg, of NOC while travelling abroad. Additionally, he
Dbeibah issued a decree stating that Sanalla named Jadallah al-Awkali, a member of NOC’s
would continue to act as the head of NOC. The board of directors, as interim chairman.
prime minister outlined his decision in a decree For his part, Sanalla responded by rejecting
dated September 14, the news agency said, add- Oun’s decision, saying that the minister had not
ing that it had not been able to view the docu- been given the legal authority to appoint a new
ment until September 19. leader for the national oil concern. His remarks
NOC has hailed the decision, saying in a were in keeping with Libya’s long-standing prac-
statement dated September 20 that it was pre- tice of treating the position of NOC chairman
pared to move forward and pursue co-oper- as a sovereign post that requires the approval of
ation with the oil ministry in order to serve other political bodies, such as Parliament. Oun,
the national interest. It also said that it hoped however, has insisted that his ministry has juris-
the ministry would work with the company to diction over the choice of chairman.
ensure that NOC was able to secure the govern- Sanalla has served as chairman of NOC since
ment funding needed to keep production levels 2014 and has tried to keep the company from
up and continue the repair and rehabilitation of becoming entangled in the political disputes
Libya’s oil and gas infrastructure. that arose during Libya’s civil war. Oun, mean-
Sanalla’s position has been under threat since while, took the helm of the newly reconstituted
late last month, when Oil Minister Mohamed Oil Ministry in March of this year as a member
Oun issued a letter declaring that Sanalla had of the country’s interim unity government. Since
been suspended and was under investigation. then, he has sought to expand the ministry’s
In the letter, Oun wrote that he was suspending jurisdiction over the oil and gas industry. ™

Sanalla has served as chairman of NOC since 2014 (Photo: NOC)

Week 38 22•September•2021 www. NEWSBASE .com P9