Sirte and BACB to improve cooperation
By Sami Zaptia.
London, 27 September 2019:
Libya’s Sirte Oil Company reported yesterday that it had agreed to improve joint cooperation between it and the British Arab Commercial Bank (BACB) during a meeting at its Brega headquarters.
It reported that matters related to the company’s transactions with BACB and finding solutions to outstanding financial problems were discussed.
The meeting also discussed agreement on a mechanism of action that facilitates the procedures of remittances and the opening of documentary credits.
The BACB also agreed to conduct some training of SOC’s accounts department.