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The new Libyan unity government, led by Abdul Hamid Debaiba, will restore the oil and gas sector as one of 27 ministries to be managed before elections in December.
Bloomberg reported that a representative from western Libya will be in charge of the Ministry of Oil and Gas, which has been abolished by the Tripoli-based Government of National Accord (GNA). The head of the National Oil Corporation (NOC) and the governor of the Central Bank of Libya will both come from the eastern region. Bloomberg said it is unclear whether the two current heads will be replaced.
Prime Minister-designate Abdel Hamid Mohamed Debaibach presented his plan to parliament last week, and lawmakers are currently meeting in Sirte to discuss it. The proposal, which includes six state ministers and two deputy prime ministers, needs the support of at least 120 members of the North African country’s 200-seat parliament to pass
Debaibach was chosen as prime minister by Libyan delegates at a political forum in Geneva in February. He will govern with a new presidential council until elections are held on December 24.
Source: Bloomberg
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