NOC

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…

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…

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…

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…

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…

The head of the National Oil Corporation, Mustafa Sanalla met on Sunday with the United Kingdom Ambassador to Libya, Nicholas Hopton, and his accompanying delegation.According to a statement issued by the NOC on its official website,…

The former chairman of the Libyan Investment Authority (LIA), Dr. Mohsen Derregia, revealed that the head of the Presidential Council Fayez al-Sarraj has established an oil company in London this past May that's run by the head of marketing…

In a press release, the Presidential Council of the Government of National Accord (GNA) said that the meeting addressed the consequences of freezing the oil revenues and that the best interest of the Libyan people was put above all else.…

President-Elect Joe Biden has made the much-celebrated decision of having an all-female White House Communications team and named Neera Tanden his pick for the office of Budget and Management.However, Neera Tanden, the president of the…

In an official letter directed towards the country's top financial and economic officials, the prime minister of the Government of National Accord (GNA)  Fayez al-Sarraj has called for an emergency meeting to address the frozen oil revenues…

In a scathing video statement on the National Oil Cooepraton's official website, the head of the cooperation launched a verbal attack on the governor of the Central Bank of Libya (CBL) Sadiq al–Kabir, criticizing his financial policy and…

Recently, the National Oil Cooperation has taken the unexpected step of denying the Central Bank of Libya access to any oil revenue, the move was stated to be for the sake of guarding the country's oil recovery and the protection of the…

In a statement from the US Embassy in Libya, the United States renewed its support for the NOC and commanded the Petroleum Facilities Guard (PFG) for their swift and disciplined response to the surprising attack.The statement also…

The National Oil Corporation confirmed that there was an armed attempt to storm the oil company's headquarters in Tripoli, Monday, November 23rd.In a statement, the NOC said that unknown armed forces attempted to force their into the…

In a press release, Libya's National Oil Corporation (NOC) confirmed that it will not be transferring revenue funds to the Central Bank of Libya due to a lack of trust and transparency in the bank."Revenues will not be transferred to…

In a meeting that took place virtually between the head of the National Oil Institute (NOC), Mustafa Sunallah and Total’s head of exploration and production in the Middle East and North Africa Stephane Michel, the French company expressed…

Libya’s oil production has surged past 1 million barrels a day, national petroleum officials said on Saturday, marking an important milestone months after its civil war almost choked the country’s energy production.Libya has been…

Libya’s Petroleum Facilities Guards, loyal to Khalifa Haftar, has announced that the blockade on oil production in the country imposed by warlord Haftar has been lifted after over seven months.“Haftar gave the order to reopen the…

Libya has suffered over $8 billion in losses as a result of the oil blockade and the closure of oil wells by Khalifa Haftar’s forces in the past 200 days, the National Oil Corporation (NOC) announced.In a statement, the NOC said the…

The Libyan National Oil Corporation (NOC) has warned of the threats posed by oil blockades and the presence of mercenaries as well as the effects of the militarization of oil facilities on workers and local population safety.NOC said in…