NOC

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…

An important meeting to discuss the unification of the state budget for the year 2018 and adjusting exchange rate is underway at the moment, in Tunis.Taking part at the meeting, which is sponsored by the World Bank, the…

The Organization of Petroleum Exporting Countries (OPEC) has reached an agreement last week with Libya to set limits on its oil production .The surprising agreement reported by the American agency Bloomberg, which consists of a…

The National Oil Corporation (NOC) has completed one of the largest environmental studies in the history of Libya.The scientific study focused on the oil sites and the area surrounding the cities of Ajghra, Jalu and Ojla.The…

The Organization of Petroleum Exporting Countries (OPEC), will not force limits on Libya's production of crude oil.According to the final report published by OPEC on its official website, Libya will be exempt from cutting production…