Oil Firm assesses Al Jouf Company progress
The National Oil Corporation discussed the performance of Al-Jouf Oil Technology Company during its meeting in Benghazi in 2026. The company reviewed its financial and operational results from mid-2025 to June 2026, along with future development plans. Presentations indicated that delays in budget disbursements and fluctuations in global exchange rates led to increased costs and the postponement of some projects and maintenance, which affected the execution of technical operations. The corporation emphasized the importance of improving coordination with oil companies and working to recover outstanding financial dues, as well as providing technical support to face challenges and achieve future goals.
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