Today, Monday, September 28, 2026, Eng. Masoud Sulaiman, Chairman of the Board of Directors of the National Oil Corporation (NOC), held an expanded meeting with leaders of oil and service companies to discuss plans for increasing production and ways to overcome operational and financial challenges. Participating in the meeting via video conference (Zoom) were Mr. Mohamed Belkacem Ben Shatwan, Chairman of the Management Committee, and Mr. Adel Al-Barjo, Management Committee Member for Finance and Human Resources.

The meeting addressed mechanisms for allocating the 2026 budget according to actual priorities, enhancing exploration activities, and developing the refining and petrochemical industries, as well as establishing urgent solutions to settle accumulated debts and dues owed to service companies to ensure the continuity of operations without interruption.

In conclusion, Sulaiman stressed the importance of adhering to occupational safety standards, providing emergency, medical, and firefighting equipment, as well as the necessity of improving the living and service conditions for workers in oil fields and ports. He emphasized the importance of close field follow-up to implement these directives to achieve production stability and enhance operational efficiency.