Browsing Tag

NOC

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…

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…

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…

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…

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…

NOC and Akakus oil discuss increasing oil production

Chairman of the Libyan National Oil Corporation Mustafa Sanalla met with the chairman of management operations, Ahmed Ammar in Akakus Oil to discuss increasing production rates.According to a statement issued by the NOC on its social…