Libyan Oil Minister Mohamed Aoun has been reinstated after an investigation into oil smuggling and mismanagement allegations concluded.
Libya n Oil and Gas Minister Mohamed Aoun has resumed his position after being removed from duty in early April pending an investigation into oil smuggling and mismanagement allegations, the Libya n Herald reports, citing the Ministry’s social media accounts. “His Excellency the Minister of Oil and Gas Eng.
'On the one hand, the suspension could unblock progress on major oil projects -- Aoun was behind a halt to the development of the NC7 Hamada field on the basis that it granted excessive concessions to foreign operators,' S&P Global cited Hamish Kinnear, senior Middle East and North Africa analyst at Verisk Maplecroft, as saying back in March. 'On the other hand, Aoun retains the support of parties with the ability to disrupt Libya's oil and gas production,” he added.
Oil Oil Minister Smuggling Mohamed Aoun
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