The Central Bank of Libya published an update on an expanded meeting between Governor Naji Mohammed Issa and National Oil Corporation Chairman Masoud Suleiman focused on closer coordination to support the stability of the oil sector. The discussions centered on how to address sector challenges, provide the resources needed for the National Oil Corporation's production growth plans and support the liquidity needs of the state through stronger national revenues. The meeting reviewed financial and operational mechanisms to help the National Oil Corporation increase production and reach higher output levels, while taking advantage of strong global oil prices. It also emphasized continuous communication between the two institutions and the provision of financial facilities for the corporation's strategic and development projects. A further point of agreement was the need to ensure the smooth flow of revenues into the Ministry of Finance's accounts at the Central Bank, which participants linked to support for the oil sector and signals for international companies considering investment in Libya.
Central Bank of Libya2026-03-09
Central Bank of Libya and National Oil Corporation coordinate financing and revenue flows to support higher oil output
The Central Bank of Libya said it held an expanded meeting with the National Oil Corporation to strengthen coordination on financing, sector stability and higher oil production. The discussions covered resources for production growth, financial facilities for strategic projects and ensuring oil revenues flow smoothly into the Ministry of Finance's accounts at the central bank.