Posts Tagged ‘NOC’

Libya’s NOC Chairman: Sharara oilfield remains shut till security improves

  • 28 February 2019 - 20:27
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 remains is security,” Mustafa Sanallah said in a video...

Chairman of Libya’s NOC arrives in Abu Dhabi for Sharara reopening talks

  • 26 February 2019 - 12:54
Chairman of Libya’s NOC arrives in Abu Dhabi for Sharara reopening talks

The Libyan National Oil Corporation (NOC) announced late on Monday that its Chairman Mustafa Sanallah had arrived in the UAE for talks over the closure of Sharara oilfield.  NOC explained that Sanllah would meet with local, regional and international parties in the UAE to discuss the issue of...

Chairman of Libya’s NOC rejects reopening Sharara oilfield for security reasons

  • 25 February 2019 - 12:48
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 security in there. He explained in the video that Sharara...

Sanallah says NOC says reopening Libya’s Sharara oilfield complicated by Haftar’s military moves in the south

  • 29 January 2019 - 21:09
Sanallah says NOC says reopening Libya’s Sharara oilfield complicated by Haftar’s military moves in the south

Libya's biggest oilfield - Sharara - will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Tuesday, more than a month after the field closed because of a protest, Reuters reported on Tuesday.  "The armed group...

Libya’s state oil firm suspends natural gas supply to LifeCo over debts

  • 26 January 2019 - 12:38
Libya’s state oil firm suspends natural gas supply to LifeCo over debts

The Libyan National Oil Corporation (NOC) confirmed Friday the suspension of natural gas supply to the Libyan Norwegian Fertiliser Company (LifeCo) pending settlement of unpaid debts.   The NOC said in a statement on its website that its management had attempted to resolve the...

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,...