Browsing Tag
Libya
Libya’s NOC reopens Sharara oilfield
Libya's National Oil Corporation says production is to resume within hours at the southwestern Sharara oil field after control was retaken from an armed group last month.The militia's blockade had cost the state oil company around $1.8…
Libya’s NOC Chairman: Sharara oilfield remains shut till security improves
Libya’s Sharara oilfield is going to remain shut until armed groups leave the site, the Chairman of state oil company NOC said on Thursday. “NOC is technically ready to lift the state of force majeure at Sharara, but the issue that…
Libya’s Central Bank relaunches $500 family grant
The Central Bank of Libya (CBL) said in a statement on Wednesday that it is going to resume the $500 grant for every family member in the country starting from next Sunday.The CBL explained that the delay has been caused by the…
Libya’s state oil firm lifts force majeure on Sharara oilfield
After arriving in the UAE on Monday, the Chairman of the National Oil Corporation (NOC) Mustafa Sanallah met with the Head of the Presidential Council Faye Al-Sirraj and agreed on reopening Sharara oilfield and lifting force majeure.…
Chairman of Libya’s NOC rejects reopening Sharara oilfield for security reasons
The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah said in a video statement late on Sunday that the NOC won't reopen the biggest oilfield in the country "Sharara" because there are still armed militias and lack of…