As part of the ongoing coordination among Libya’s sovereign institutions, the Governor of the Central Bank of Libya, Mr. Naji Mohammed Issa, held an expanded meeting on Monday, 9 March 2026, with the Chairman of the National Oil Corporation, Mr. Masoud Suleiman, to discuss ways of strengthening cooperation and supporting the stability of the oil sector.

During the meeting, both sides reviewed mechanisms to address the challenges facing the oil sector and to ensure the availability of the necessary resources to support the National Oil Corporation’s ambitious plans to increase production and reach higher output levels. These efforts aim to enhance national revenues, capitalize on the current strength in global oil prices, and help secure the liquidity required to support the state.

The two parties also underscored the importance of maintaining continuous communication and close coordination between the two institutions to ensure smooth operations and effectively overcome potential challenges, particularly with regard to providing the financial facilities required for the National Oil Corporation’s strategic and development projects.

The meeting reflected a strong consensus on the need to work in a unified and coordinated manner, while ensuring the smooth flow of revenues into the Ministry of Finance’s accounts at the Central Bank. Participants noted that this step would provide a strong boost to the oil sector, send positive signals to international companies interested in investing in the Libyan market, and reaffirm the shared commitment among Libyan institutions to work together toward national economic prosperity.