Bashagha orders protesters to end blockade of Libyan oilfields
The PM-designate of the east-based Parliament met with the protesters at the Najm Al-Sata University in Brega
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NOC
Libyan oil workers threaten to shut down 200,000 barrel-per-day
Oil workers threaten to shut down at the end of February an oil export terminal in eastern Libya, which typically ships out nearly 200,000 barrels per day (bpd) of crude if workers’ pay demands are not met by a unit of the…
Oil Minister: Within 2-3 years, we will be producing 2 million barrels per day
Libya's Oil and Gas Minister, Mohamed Oun, stated that as the country stabilizes, it will take two to three years for Libya to raise its average oil production levels to 2 million barrels per day.Things settled as soon as Libya emerged…
Statement by the National Oil Corporation on Libya’s decline in production
Libya's National Oil Corporation welcomed statements made by the United Nations Support Mission in Libya (UNSMIL) regarding the closure of the Hariga oil port and the declaration of force majeure.In a statement on their official…
Sirte Oil Company halts production due to lack of funds
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…
UNSMIL expresses its concern at the threat of oil production in Libya halting again
The UN Support Mission in Libya is concerned about the recent shutdown of oil production at Al-Hariga oil port, as well as signs that further shutdowns could be on the way.In a press released, UNSMIL stressed that the uninterrupted…
NOC declares force majeure on Al-Hariga oil port
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…
Waha Oil to raise the country’s output as El Farag gas field gears up for second stage…
The Libyan oil company, Waha Oil announced that it is preparing to recommence the second stage of its El-Farag gas field development.The first stage of the project was restarted in November after the end of the country's oil production…
NOC participates in the 40th meeting of the Ministerial Council of APPO
The chairman of Libya's National Oil Corporation (NOC) took part in the 40th meeting of the Ministerial Council of the Organization of African Petroleum Producing Countries, which was held via videoconference.The virtual meeting was…
Sanalla and Hopton discuss a stronger partnership between the UK and Libya’s oil sector
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…
French court awards NOC 132 million dollars in a case against Emirati LERCO
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…
NOC: Oil revenues in January crossed the milestone of 1.4 billion
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…
NOC sues American company over a botched deal
Libya's National Oil Corporation (NOC) is suing an American based armoured vehicle maker for failure to deliver one of its most highly-protected models to Tripoli by the assigned date.The lawsuit is for 400,000 US dollar against Alpine…
NOC calls for the release of PFG salaries
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…
Libya’s National Oil Corporation to open an office in London
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…
200,000 barrel increase per day after reopening of the largest oil pipeline
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…
Despite an impossible year, Libyan oil ended 2020 with over a billion dollars in revenue
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…
Libyan oil and gas revenues plummeted by 92% in 2020
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…
NOC announces acquisition of Libyan-Norwegian Fertilizer Company
The Libyan National Oil Corporation (NOC) announced yesterday that it had acquired the Norwegian Yara’s 50% stake in the Libyan-Norwegian for Fertilizers Company.“By the grace of God whom we thank, on Thursday 31/12/2020, the National…
UNSMIL slams efforts to terrorize the NOC
The United Nations Support Mission in Libya (UNSMIL) condemned the recent acts of a certain group to threaten and blackmail the Libyan National Oil Corporation (NOC).In a press release, the UNSMIL stated that the NOC must remain a…