Libya’s NOC: Oil revenue in August drops by 5%

Libya’s National Oil Corporation (NOC) said on Wednesday that August revenues dropped to around $2 billion, a 5% decline from July. The company attributed the drop to the sabotage of the main pipeline of the El Sharara oil field and…

Libya’s oil revenue experiences 23% hike

The revenue of the Libyan National Oil Corporation (NOC) registered a 23% month-on-month leap to stand at USD2.1 billion during the seventh month of this year. NOC said in a statement that this boost is driven by a hike in the volume of…

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…

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