#Libya Oil Boss Vows to Up Production, Work With Unity Government - Bloomberg video

Libya Oil Boss Vows to Up Production, Work With Unity Government - Bloomberg

Libya’s state energy company said it would increase oil production and vowed to remain politically neutral as a unity government seeks to stabilize the war-torn OPEC member.

The National Oil Corp. “stands ready to work with the new government, while also keeping out of politics,” Chairman Mustafa Sanalla said in a Bloomberg Television interview. “It’s very important to keep the NOC apolitical. It’s not a political chip for anyone.”

The new government is meant to lead the North African country until December, when elections are scheduled. Prime Minister-designate Mohammed Dbeibah, a businessman, is trying to restore the oil and gas ministry and appoint an minister, a position which hasn’t been held for years -- effectively leaving it in the hands of Sanalla.