By Libya Herald staff.
Tripoli, 5 February 2015:
Last year Harouge Oil faced major challenges including unstable world oil prices that disrupted production.
At the National Oil Corporation . . .[restrict](NOC) headquarters in Tripoli , chairman Ghasem Hankir opened Harouge’s annual general meeting. The meeting included the company’s departmental directors, general managers, members of the Oversight Committee, as well as General Assembly members Amari Mohamed Lamari and Jadallah Hamad Al-Aclai and management committee chairman Abdul Wahab Ramadan Naami.
Accepting the difficulties Harouge had faced in 2014, Hankir praised the company’s response to low oil prices. He also spoke of the limitations the company faced due to security problems, noting that the situation must stabilise before production rates can return to normal.
The meeting included a review of the company’s budget and activities in the year 2014, including safety, environmental preservation, development projects implemented, and production rates for the year.
Also reviewed production rate targeted for the year 2015, as well as this year’s proposed budget.
Harouge Oil Operations is an NOC-Suncor joint venture.