Mustafa Sanalla

Due to a lack of sufficient funds, the Sirte Oil Company (SOC) declared that it would be unable to continue producing oil, resulting in a 72-hour production halt. This was revealed in a letter from the company's Chairman of the Board of…

Libya's National Oil Corporation (NOC) declared a state of force majeure as of April 19 on Al-Hariga oil port and ceased all production and export of crude oil shipments through the port.According to a statement issued by the NOC, the…

The National Oil Corporation (NOC) is working to raise its daily production levels to 1.45 million barrels by the end of this year, having now reached production levels of 1.3 million barrels per day.In a statement published by…

Libya's newly appointed Minister of Gas and Oil, Mohamed Oun announced that the country's oil sector is back on track with Libya's National Oil Corporation (NOC) set to receive 1.6 billion dollars in developmental spending.Minister Oui…

In their scheduled announcement of revenues garnered in February, Libya's National Oil Cooperation disclosed the profits made from the sales of crude oil and its derivatives and revisited the possibility of unfreezing oil revenue funds in…

The Chairman of Libya's National Oil Corporation, Mustafa Sanallah held a meeting with the United Kingdom's ambassador to Libya Nicholas Hopton, in which they discussed the enhancement of economic cooperation and better partnerships in…

The Paris Court of Appeals announced that Libya's National Oil Corporation (NOC) is the winner of an arbitration case against the Libyan Emirates Oil Refining Company (LERCO) in regards to the Ras Lanuf Refinery.In an official statement…

Libya's National Oil Corporation (NOC) this week released their revenues for January from the sales of crude oil, gas, condensate, petroleum and petrochemicals products.In total, the revenues reached $1,409,093,619.13 US dollars, the…

Libya's National Oil Corporation chairman Mustafa Sanalla was awarded the Anti-Corruption medal by the US Secretary of State Antony Blinken.In a statement by the US embassy on its website, it said that Ambassador Richard Norland called…

In a letter sent to the Head of the Government of National Accord (GNA) Fayez Al-Serraj, Chairman of Libya's National Oil Corporation (NOC) Mustafa Sanalla called for the immediate release for the delayed salaries of the eastern-based…

In an interview of with The Times, the chairman of Libya's National Oil Cooperation (NOC) Mustafa Sunalla stated that the company is in the process of opening an office in London to increase North African state's production.Sunalla…

Libyan Oil Company, Waha Oil has announced the reopening of the largest oil pipeline after continued disruptions in production that reduced output to its lowest levels in months.The pipeline is responsible for transporting crude oil to…

Libya's National Oil Corporation announced that revenues of Libyan Oil and Gas exceeded a billion dollars in December of 2020.In an official statement, the NOC announced that revenues for December reached record levels with revenues…

Official statistics have shown that because of the blockade enforced on oil facilities by Haftar forces, Libya's oil revenues decreased by 92% last year, a steep plummet that played a massive role in debilitating the economy by cutting off…

Chairman of the Libyan National Oil Corporation Mustafa Sanalla met with the chairman of management operations, Ahmed Ammar in Akakus Oil to discuss increasing production rates.According to a statement issued by the NOC on its social…

The head of the National Oil Corporation, Mustafa Sanalla met on Sunday with the United Kingdom Ambassador to Libya, Nicholas Hopton, and his accompanying delegation.According to a statement issued by the NOC on its official website,…

The former chairman of the Libyan Investment Authority (LIA), Dr. Mohsen Derregia, revealed that the head of the Presidential Council Fayez al-Sarraj has established an oil company in London this past May that's run by the head of marketing…

In a press release, the Presidential Council of the Government of National Accord (GNA) said that the meeting addressed the consequences of freezing the oil revenues and that the best interest of the Libyan people was put above all else.…

Foreign currency exchange rates in the Libyan black market have reached record numbers for the first time in years.The dollar on Monday night spiked to 7.03 LYD, a 4.56% increase, which is a number it hasn't risen to since 2017.The…