NOC HQ May Move to Benghazi

Reuters reports that Libya plans to move the headquarters of the National Oil Corporation (NOC) -- the state oil firm -- to Benghazi, the city that started the uprising against Muammar Gaddafi.

Despite about 80 percent of Libya's oil being located in the east, Gaddafi moved the state oil firm to the capital Tripoli and starved the eastern region of investment.

Several assembly members told the news agency that easterners had been promised that the HQ would move to Benghazi, providing that a restructuring plan was approved by Congress, but it was difficult to say when this would happen as they had not seen official paperwork yet.

(Sources: Reuters, Libya Herald)

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