Bank Of Baku

Libya remains silent about new oil chief

Libya remains silent about new oil chief
# 03 June 2011 20:49 (UTC +04:00)
Baku – APA. The government of Muammar Gaddafi said on Friday it had not yet named a new Libyan oil chief to replace the top energy official who defected this week, APA reports quoting “Reuters”.
Gaddafi’s government has said it will name a candidate in time to lead its delegation at a summit of the OPEC oil producing countries in Vienna on June 8-9.
Asked if he could give the name of the new oil chief, government spokesman Moussa Ibrahim told Reuters: "Not yet. When we have a name we will announce it."
Libya’s peacetime economy was almost entirely dependent on its exports of about 1.8 million barrels of oil per day, which have ceased as a result of sanctions imposed since a revolt and civil war began in February.
Shokri Ghanem, who ran the Libyan oil industry since 2006 and has also served as a prime minister, became one of the most senior Gaddafi officials to defect, announcing this week in Rome he was resigning because of "unbearable" violence in Libya.
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