The Gulf Company calls on the Oil Corporation to put pressure on the concerned authorities to provide budgets

The Gulf Company calls on the Oil Corporation to put pressure on the concerned authorities to provide budgets
The Gulf Company calls on the Oil Corporation to put pressure on the concerned authorities to provide budgets
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The Chairman of the Management Committee of the Arabian Gulf Oil Company, Salah Al-Qatrani, called on the Board of Directors of the National Oil Corporation, as the general assembly of the company, to communicate and put pressure on the concerned authorities in the country to provide the necessary budgets and funds for its activity and manage its operations in a way that guarantees the continuity of production and enables it to pay the debts and obligations accumulated on it because it is an important supporter of the national economy.

Al-Qatrani added during the meeting of the General Assembly of the Arabian Gulf Oil Company for the year 2022 at the company’s headquarters that the bad financial situation, the suffocating financial crisis and the problems facing the company were a stumbling block and a real obstacle to paying the salaries and dues of its employees on time and its inability to implement most of the projects and works and an obstacle to the company achieving its goals and ambitions and providing spare parts Spare parts, and led to the arrangement of large debts and obligations, and the suspension of many important and vital projects and works of the company related to the continuation of production and raising its rates, as well as the development of discovered fields, research and exploration for new hopes, and confirming them with the company’s privileges. .

And Al-Qatrani indicated that the financial crisis clearly affected the company’s credibility and reputation with major suppliers, manufacturers and specialized companies, especially international ones, as a result of the accumulation of its debts and dues, which have become ignoring dealing with the company or setting harsh conditions in this dealing. .

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Al-Qatrani indicated that the support of the Oil Corporation enabled the company to pay the salaries of the last two months of last year on time, and pay the differences due to users, as well as pay part of the accumulated debts and dues in favor of companies and suppliers..

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Al-Qatrani pointed out that the company was able to continue its work, achieve its goals, maintain and even increase its production, as production reached about 94 million barrels of crude oil from the company’s fields, with an average daily production of 280,000 barrels of oil. And the export of 66 million barrels of oil from the Harika oil port in Tobruk via 69 oil tankers The percentage of refined crude from the Tobruk refinery reached 93% of the target, and 83% from the Sarir refinery for various products, and the completion of the supply and installation of early production equipment for the Tahara field. (NC4) It was operated and opened as a new field added to the producing company’s fields on 22/2/2022, with a productivity exceeding 6 thousand barrels of oil per day. .

The meeting was chaired by the Chairman of the Board of Directors of the National Oil Corporation, Farhat bin Qadara (Chairman of the General Assembly), accompanied by Masoud Suleiman, Ahmed Ammar, Hussein Saffar, and through the closed circuit, Khalifa Abdul Sadiq, members of the Board of Directors of the Corporation, members of the General Assembly, in the presence of Awad Koueider, a member of the Management Committee for Operations, Maintenance and Refineries. Abdulmutallab Saleh Adam, member of the Management Committee for Engineering, Construction and Information Technology, Ashraf Mansour Maatouk, member of the Management Committee for Finance, Human Resources, Logistics, Services and Transport, Boubaker Bin Amer, member of the Management Committee for Exploration, Production and Information, general managers and directors of concerned departments and a number of specialists from both sides, and the chairman and members of the Monitoring Authority.

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