Decision No. 204/2022 Amending Decision No. 198/2022 on NOC Salary Increases

This decision establishes January 1, 2022 as the retroactive effective date for salary increases granted to Libyan national employees at the National Oil Corporation (NOC) and its subsidiaries under Decision No. 198/2022. The amendment clarifies that employees are not entitled to receive the increase for any period prior to this date.

This decision is administratively significant but has minimal direct impact on foreign investors or international oil service companies. It addresses labor cost timing for NOC's Libyan workforce but does not alter contractual obligations or operations for international partners. Companies in joint ventures or production-sharing agreements with NOC subsidiaries should note this clarifies the baseline for labor cost calculations in 2022 but does not create new compliance requirements for foreign entities.