Libya’s central bank drops dollar purchase fees to 163%

The Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and other foreign currencies to 163% from August 04. The GNA, together  with the…

Libya’s NOC says Sharara oilfield is losing 290k bpd

The Libyan National Oil Corporation (NOC) has confirmed that 290.0000 bpd of oil production at the Sharara oil field is currently offline. "NOC teams are investigating a suspected closed valve/valves in the Hamada area." The NOC said…

Libyan oil revenue drops to 11.2%, Central Bank says

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the Libyan central bank said on Monday. The bank said in a statemen that oil represented…

NOC: Atshan gas field to supply Obari power plant

The Board of Directors of National Oil Corporation (NOC) have approved Zallaf Oil & Gas Exploration and Production Company’s plans to expedite exploration at the Atshan gas field (NC210 and NC151), with a view to supplying natural gas…

Libya’s state oil firm says May revenues hit $2.3 billion

The Libyan National Oil Corporation (NOC) said Thursday that it had recorded May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts - a monthly…

Reports: UK used 17 million pounds from Libyan frozen assets

The UK government has collected £17m on over £10bn of assets linked to Col Gaddafi which are frozen in the UK، British press has reported.  The information has been revealed in a report by the Northern Ireland Affairs Committee which…

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