NOC

Libya is producing around 1.05 million barrels of oil per day (bpd) with much of it being exported abroad, primarily to Europe, Reuters reported on Friday, citing a source in Libya’s oil industry. Libya’s oil output has been subject…

Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of its offices in the eastern city of Benghazi.NOC did not say when the…

Libya is going to conduct maintenance at its gas fields starting from the first week of April, the National Oil Corporation said. Mellitah Oil and Gas, or MOG, a joint venture between NOC and Italy's Eni, had…

Workers' strike at the Libyan oil port of Al-Zawiya delayed loading activity on Monday but negotiations were under way to resolve the dispute, several oil and trading sources told Reuters. Workers at…

Oil steadied after its steepest weekly loss in a month as Libya resumed production at its biggest oilfield following a brief halt.Futures in New York rose 0.2 percent after a 3.6 percent decline last week. The…

Oil gained as Libya’s crude exports from a key terminal were disrupted and Saudi Arabia pledged that global producers will ease their output curbs without shocking the market. Futures in New York rose as much…

The Libyan National Oil Corporation (NOC) said in a statement on Saturday that it had declared force majeure on the Al-Feel oilfield after a protest by guards closed the field.Al-Feel, which produces 70,000 barrels per day (bpd) was…

The Libyan National Oil Corporation (NOC) is having difficulties in receiving the necessary budget money from the government, the Chairman of the NOC, Mustafa Sanallah, said on Monday.“This could reduce production. The entire sector…

 The Libyan National Oil Corporation (NOC) on Monday confirmed that arrest warrants have been issued by the Attorney General against fuel smugglers in western Libya. “NOC commends the Attorney General’s…

 Libya’s ability to rebuild its oil output will be hindered by ongoing constraints on National Oil Corporation’s (NOC) budget, Chairman of NOC, Mustafa Sanallah explained. Sanallah said Tuesday that NOC…

Libya’s crude oil production has risen 400% since August 2016 as the country plans to increase its oil production in 2018 despite production cuts.Market Realist reported that any increase in Libya’s crude oil production could weigh…

The Libyan National Oil Corporation (NOC) announced on Sunday reopening the eastern Assarah oilfields, which produce more than 50,000 barrels per day (bpd) but had been shut in by a blockade since last November.According to sources…

Royal Dutch Shell  and British Petroleum agreed to annual deals to buy Libyan crude, underscoring how Libya's recovering production and improving security are enticing some of the world’s largest oil companies, reported Bloomberg. …

Algerian Sonatrach signed Monday an agreement with the Libyan National Oil Corporation (NOC) to run a number of oilfields located on the borders between the two countries, according to a statement on the NOC website.According to the…

The Libyan National Oil Corporation (NOC) said it had won two international arbitration cases over Ras Lanuf refinery, and called for the refinery to restart as soon as possible."The arbitration cases, which date to 2013, had been…

The Central Bank of Libya (CBL) has issued a statement on Thursday detailing the revenue and income of the country during 2017.The CBL explained that the total of the Libyan state's revenue from oil was 14 billion dollars, compared…

The Libyan National Oil Corporation (NOC) revealed Wednesday that it had started investigating an incident of a near collision of an unidentified plane with a helicopter carrying personnel from a sea platform in Sabratha.The NOC…

The Libyan oil sector is likely going to start repairs Saturday or Sunday on a crude oil pipeline that had been blown up earlier this week, an oil official reported, according to Reuters.An explosion on Tuesday about 130 km (80…

A group of gunmen have blasted a pipeline pumping crude oil to Al-Sider port on Tuesday, cutting Libya’s oil production by up to 100,000 barrels per day (bpd), military and oil sources reported on Monday.The Libyan National Oil…