Chairman of Libya’s state oil firm Sanallah wins Chief Executive of the Year award at the Petroleum Economist Annual Awards

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah was named Tuesday the Chief Executive of the Year at the Petroleum Economist Annual Awards gala ceremony in London.

The award for Sanallah came as his international peers recognized NOC’s success in restoring oil production to around one million barrels per day in a deeply divided political environment in Libya.

Sanallah said that he was deeply honoured to be named Chief Executive of the Year by Petroleum Economist, adding that the award belongs to his colleagues, the extraordinary employees of NOC and its affiliate companies, who have risked so much knowing that the future of Libya lies in their hands.

“Despite the political dysfunction and civil conflict in Libya, and frequent threats to energy installations, National Oil Corporation has almost quadrupled its oil production since August 2016 — a feat crucial to Libya’s economic survival. This achievement, combined with his stewardship of Libya’s oil sector and determination to guarantee NOC’s political independence, make Mustafa Sanallah the stand-out global energy executive of 2017. He is a worthy winner of Petroleum Economist’s Chief Executive of the Year award,” said Elliot Thomas, Managing Director, Petroleum Economist.