Ponticelli to Pull Out of Libya

French pipeline company Ponticelli to pull out of Libya because of insecurity, according to a report from UPI.

Libya Herald says the company pulled out the last of its 43 employees working at the Mabrouk field in the Sirte Basin at the end of March.

It has been a subcontractor for Mabruk Oil, the joint venture between the National Oil Corporation (NOC), France’s Total, and Norway’s Statoil. The main office in Tripoli is to be closed in few weeks, with only one Libyan representative remaining.

Economic Ministry spokesman Ahmed Abdusalam said the government regretted the decision. “There is no reason for employees from foreign companies to die for Libya,” he said. “I cannot force them to stay.

(Sources: UPI, Libya Herald)

One Response to Ponticelli to Pull Out of Libya

  1. Amit Roy April 14, 2013 at 2:04 pm #

    Very unfortunate. Nevertheless, I am sure Libya will definitely come out of the present situation – there are ample indications.

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