BENGHAZI, LIBYA – The annual round of Annual General Meetings (AGMs) of the NOC’s affiliated companies began on 2 February with that of the Arabian Gulf Oil Company (AGOCO). As well as AGOCO’s chairman, Mohamed Ben Shatwan, it was attended by the acting chairman of the NOC, Masoud Suleiman, who highlighted the NOC’s own commitment and that of the affiliates to neutrality within the country’s oil sector.
Suleiman emphasised the corporation’s dedication to professionalism and impartiality in a statement, released on the NOC’s Facebook page. He reconfirmed the NOCs focus on setting production targets and achieving them, as it did at the beginning of December when, one month early, it hit its year-end target of 1.4 million b/d.
The meeting took place at AGOCO’s headquarters in Benghazi. Also attending were member of AGOCO’s management committee as well as NOC directors, and other officials from both AGOCO and the NOC.
Discussions centered on AGOCO projects executed in 2024, specifically infrastructural development in the oilfields, production increases and improvements to refining and maintenance operations.
The meeting also covered AGOCO’s plans for 2025 which are aimed at increaseing production, improving efficiency and implementing exploration and development programmes using the latest technologies.
The AGOCO AGM is part of a series of NOC affiliates’ AGMs which will take place over eight days in Benghazi, Sebha and Tripoli. At all of them the issues will be performance indicators, goal achievement rates and future development plans.
