Posts Tagged ‘NOC’

Libya’s oil revenue highest in five years reaching over $24 billion

  • 7 January 2019 - 20:58
Libya’s oil revenue highest in five years reaching over $24 billion

The National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase. NOC chairman, Eng. Mustafa Sanalla presented the 2018 financial data and NOC subsidiary plans...

Libya aims to raise oil output to 2.1 million bpd, Sanallah says

  • 6 January 2019 - 18:36
Libya aims to raise oil output to 2.1 million bpd, Sanallah says

Libya aims to increase its oil production to 2.1 million barrels per day (bpd) from 953,000 bpd currently, the chairman of the state oil company NOC said on Sunday in Benghazi. Reaching that target hinges on improving security conditions in the country, Mustafa Sanallah said at a news...

Bad weather halts Libya’s oil exports

  • 5 January 2019 - 13:22
Bad weather halts Libya’s oil exports

Libya’s oil exports have been suspended as bad weather conditions forced the OPEC country to shut all its export terminals, a local shipping agent and a Libyan oil source told Reuters on Thursday. The agent said adverse weather conditions began to impact loadings from Libyan ports in the...

NOC warns Libya could lose 8500 bpd at Sharara oilfield to looting

  • 3 January 2019 - 12:49
NOC warns Libya could lose 8500 bpd at Sharara oilfield to looting

Libya’s closed Sharara oilfield is expected to lose 8,500 barrels per day to looting, state oil company National Oil Corporation (NOC) said on Thursday. Three security breaches and looting have taken place at the 315,000 bpd field over two weeks, NOC said, reiterating its calls for the...

NOC: Sharara oilfield is under new security violations

  • 1 January 2019 - 16:58
NOC: Sharara oilfield is under new security violations

Libya's Sharara oil field - NOC The National Oil Corporation (NOC) confirmed an overnight security breach at the Sharara oil field.   The NOC said that in the early hours of Monday, December 31, 2018, an armed group attacked a member of the site’s civil guard,...

Libya’s Sharara oilfield to reopen after protesters agree with government

  • 20 December 2018 - 14:54
Libya’s Sharara oilfield to reopen after protesters agree with government

The Fezzan rage Movement protesters agreed with the Head of the Presidential Council Fayez Al-Sirraj on Wednesday to immediately reopen the largest oil field in the country, Sharara, after Al-Sirraj had paid them a visit and promised to materialize their demands.  Al-Sirraj and a government...

Libya’s state oil firm declares force majeure on Sharara oilfield

  • 18 December 2018 - 15:05
Libya’s state oil firm declares force majeure on Sharara oilfield

Libya’s National Oil Company (NOC) has declared force majeure on operations at the country’s largest oilfield, Sharara, a week after the firm announced a contractual waiver on exports from the field following its seizure by militants. Exports from the smaller El Feel oilfield were continuing,...

Libya’s state oil firm declared force majeure at Sharara oilfield

  • 10 December 2018 - 19:56
Libya’s state oil firm declared force majeure at Sharara oilfield

Libya’s National Oil Company (NOC) said on Monday it had declared force majeure on exports from Sharara oilfield - Libya's largest - after the facility was seized by local protesters identifying themselves as Fezzan Rage Movement. NOC said in a statement the shutdown of its biggest oilfield...

Libya’s oil output falls by 150.000 bpd, NOC says

  • 1 December 2018 - 14:02
Libya’s oil output falls by 150.000 bpd, NOC says

The Libyan National Oil Corporation (NOC) said Friday that operations at four oil terminals in the country had been temporarily halted due to bad weather conditions. “Ras Lanuf, Zueitina, Zawiya and Es Sider terminals have all been temporarily shut due to persistent bad weather,” the NOC said...

Libya hopes to reach 2 million oil bpd by 2022, NOC chairman says

  • 15 November 2018 - 20:41
Libya hopes to reach 2 million oil bpd by 2022, NOC chairman says

Libya hopes to receive an exemption from possible production curbs by Opec and allies, as it works to raise its own output capacity levels to two million barrels per day by 2022, the head of the country’s state producer said. "Opec and non-Opec [producers] for the last two years understood...