Tripoli, February 10, 2026 – The Minister of Transport and Financial Advisor to the President of the Government of National Unity, Mohamed Al-Shahoubi, held a meeting that included the Chairman of the Board of the National Oil Corporation, Masoud Suleiman, and the Undersecretary of the Ministry of Economy and Trade, Suhail Bushiha, to discuss the corporation’s budget.
The meeting was dedicated to reviewing the operational budget file of the National Oil Corporation for the year 2026, as it is one of the vital files related to the sustainability of the oil sector.
The meeting also reviewed, according to the government platform, the approved expenditure items for 2025 and discussed proposals for expenditure items for the 2026 fiscal year.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and later became a significant Roman city, with its old quarter, the medina, showcasing layers of history from subsequent Arab, Ottoman, and Italian colonial rule.
National Oil Corporation
The National Oil Corporation (NOC) is the state-owned oil company of Libya, established in 1970 to manage the country’s hydrocarbon resources. It oversees all aspects of Libya’s oil and gas production, from exploration to export, and has been a central pillar of the national economy since its founding.
Government of National Unity
The Government of National Unity (GNU) is a term most notably applied to the post-apartheid coalition government in South Africa, formed in 1994 following the country’s first multiracial elections. Led by Nelson Mandela as President, it brought together the African National Congress, the National Party, and the Inkatha Freedom Party to oversee the transition from minority rule to a multiracial democracy.
