Browsing Tag

NOC

Libya has lost $1 billion in two weeks of oil blockade

The state-owned Libyan National Oil Corporation (NOC) on Friday said that the suspension of oil exports due to closure of oil fields and ports has caused a loss of more than 1 billion U.S. dollars so far. The country's daily oil…

10 days of oil blockade cost Libya over $502 million

Total losses from the closure of Libya’s major oil fields and production facilities has accelerated, reaching more than $502 million over a 10-day period, the country’s National Oil Corporation (NOC) said Tuesday. The oil closures came…

Russian oil firm Tatneft resumes activities in Libya

The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North African country, in the Northwest. “We are very pleased with Tatneft’s resumption of its activities at…

Libya: AGOCO increases Nafoura oilfield production capacity

Within the framework of the National Oil Corporation (NOC)'s plan to increase production rates and to implement the targeted programme of work within the framework of the approved extraordinary budget, Arabian Gulf Oil Company (AGOCO) has…

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