Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corporation. Output was recently 1.278 million barrels a day and can be increased by...
The National Oil Corporation (NOC) announces that the Al Wafaa oil field airfield was blockaded on the morning of Wednesday, September 19th, in an attempt to blackmail Mellitah Oil and Gas Company into awarding an unwarranted catering contract. If the blockade continues, the company will be forced...
The UN Support Mission in Libya (UNSMIL) strongly condemns the cowardly terrorist attack on the National Oil Company today. It expresses its deepest condolences to the families of the victims and wishes a speedy recovery to the injured. UNSMIL affirms that the assault on the...
A number of armed men attacked the headquarters of the National Oil Corporation (NOC) in the Libyan capital and several blasts could be heard, witnesses said. Gunfire could be heard as a security force allied to the Tripoli-based government arrived at the landmark building located in central...
Libya’s National Oil Corporation (NOC) said on Tuesday it had declared force majeure on exports from Zawiya oil terminal as production at Sharara oilfield dropped to 125,000 barrels per day (bpd). Production at Sharara, where some staff were evacuated after two workers were abducted on...
Libya’s National Oil Corporation (NOC) said on Thursday that it was reopening the El Feel oilfield after resolving a dispute with guards over pay and benefits that shut it down in February. Production at El Feel was expected to reach 50,000 bpd in two days, and 72,000 bpd three days later, NOC...
Oil futures plunged on Wednesday as the market remained fixed on supplies resuming from Libya and rising trade tensions between the U.S. and China. The market shrugged off bullish government data showing U.S. crude stockpiles slumped by nearly 13 million barrels last week, the biggest slide in...
Libya’s Tripoli-based National Oil Corporation (NOC) said on Wednesday that four export terminals were being reopened after eastern factions handed them the ports. Force majeure, a legal waiver on contractual obligations, was lifted on the ports of Ras Lanuf, Es Sider, Zueitina and Hariga, it...
Libya’s national oil production fell to 527,000 barrels per day (bpd) from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation (NOC) said in a statement on Monday. The NOC had not previously stated how high the country’s...
The National Oil Corporation (NOC) has also written to the UN sanctions committee and foreign embassies with evidence that it says shows Haftar’s allies have for years been offering questionable contracts in breach of UN resolutions, that would lead to millions in dollars of oil revenues being...
