Managing Director: Abdulbast A Fituri, BSc, MBA

Abdulbaset has extensive experience in the oil industry as well. He worked for Esso Standard Libya Inc. for 25 years followed by 9 years with the National Oil Corporation - a credit of about 34 years of continued service in the oil industry.

He started his career with Esso working in the Controllers Department where he progressed to hold important positions, such as Tax Department Adviser, Tax Department Manager and General Manger of Tax and Internal Control Departments.

After Esso Standard Libya had ended its operations in Libya, and Sirte Oil became the owner, Abdulbaset was transferred to the National Oil Corporation to fill the positions of Director General of the Management Accounting, the Treasury and Insurance Departments until 1990.

As the Head of the Treasury Department, he supervised and was responsible for the implementation of the first Package Insurance Policy for NOC, and had particularly developed the working procedures for NOC and its subsidiaries.

Mr. Fituri in addition to his being the Treasurer of NOC, he was a member of the General Assembly of most of NOC subsidiary companies. He was board member of several other oil companies among them Shell Petroleum Libya, Deminix Libya and Salem Petroleum Libya. He also was the Chairman of the Board of Oil Industry Medical Clinic and the Chairman of the Board of Trustees of the Oil Companies School.

The competencies of Abdulbaset in the accounting, tax, insurance and administrative areas together with a wealth of varied experience are available to serve the requirements of major clients especially in the oil industry.