By Libya Herald staff.
Tripoli, 5 February 2015:
Akakus Oil Company held its Annual General Meeting this week at which it reviewed the events of . . .[restrict]2014, as well as set its 2015 budget.
At the National Oil Corporation (NOC) headquarters in Tripoli on Monday, Ghasem Hankir, taking the chair, opened the proceedings which were attended by the company’s departmental directors, general managers, members of the Oversight Committee and the Management Committee as well as AGM members Amari Mohamed Lamari and Jadallah Hamad Al-Aklai. He expressed his gratitude for the company’s efforts and determination to increase production despite the challenges to the oil industry over the past year.
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.
They also looked at the production rate targeted for the year 2015 as well as this year’s proposed budget.
Additionally, problems and possible solutions faced by the functioning of the company were discussed.
Hankir praised the company’s “determination to continue to work despite the difficult conditions experienced by the company”.
Akakus is the Libyan partner of Spanish oil giant Repsol. [/restrict]