Egyptian oil companies that had operations in Libya but pulled out during the civil war will return to the country, the National Oil Corporation said . NOC’s chairman Mustafa Sanalla said the Egyptian companies will help Libya’s NOC to boost oil production by resuming previously suspended projects and will also take part in expanding the country’s pipeline network, both for oil and gas. Earlier this month, Sanalla warned that Libya’s oil production could drop steeply soon unless the Government of National Accord – the UN-recognized Libyan government – released funds meant for the National Oil Corporation. “If the corporation’s allocations are not released without delay, Libyan oil production will be hundreds of thousands of barrels per day lower than it should be. That will have an extremely negative effect on national income,” Sanalla said at the time. A few days later, however, the GNA released the funds due NOC […]