Posts Tagged ‘#Oil’

BP, Eni to start exploratory drilling in Libya in first quarter of 2019

  • 15 October 2018 - 21:07
BP, Eni to start exploratory drilling in Libya in first quarter of 2019

British Petroleum and its Italian partner Eni are expected to start exploratory drilling in Libya early in the first quarter of 2019, according to the chairman of the country's National Oil Company Mustafa Sanallah. "The first well will be drilled at the beginning of the first quarter," Mustafa...

Libya’s state oil firm to close Al-Zawiya refinery if security violations continue

  • 14 October 2018 - 21:00
Libya’s state oil firm to close Al-Zawiya refinery if security violations continue

Libya’s National Oil Corporation (NOC) warned on Sunday that it would suspend operations at Al-Zawiya refinery unless security improved after two recent attacks. The refinery west of the capital Tripoli supplies western and southern Libya with fuel. Its port also exports crude from the...

Libya, UAE to cooperate in oil sector

  • 11 October 2018 - 16:41
Libya, UAE to cooperate in oil sector

The Libyan National Oil Corporation (NOC) chairman  Mustafa Sanallah met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London yesterday. The two parties discussed mutual cooperation and the...

Libya’s Sharara oilfield insecurity drops country’s output

  • 10 October 2018 - 16:01
Libya’s Sharara oilfield insecurity drops country’s output

Libya's crude oil output has dipped again due to the deteriorating security situation around its largest oil field, Sharara, sources said Tuesday. Sources with knowledge of Libya's production said an increase in local militia activity in the past week led to some oil workers evacuating fields....

9% of fuel sold in Italy’s petrol stations is smuggled from Libya, report says

  • 6 October 2018 - 21:03
9% of fuel sold in Italy’s petrol stations is smuggled from Libya, report says

The National Oil Corporation's (NOC) current target is petrol smuggling, reported Petroleum Economist on Friday. "The extent of Libya's fuel smuggling was laid bare in September by a report by the UN Panel of Experts. Lacking refinery capacity, Libya spends $3.3bn a year importing petrol and...

Russia and Libya discuss oil exploration work

  • 6 October 2018 - 17:10
Russia and Libya discuss oil exploration work

The CEO of the Russian exploration company Rosgeologia (Rosgeo), Roman Panov, discussed with Mustafa Sanallah, the head of the Libyan National Oil Corporation (NOC), the conduction of exploration works in Libya, the Russian company said in a statement on Friday. "During the meeting the parties...

Libya’s state oil firm delays Benghazi conference over attack on its Tripoli HQ

  • 4 October 2018 - 17:20
Libya’s state oil firm delays Benghazi conference over attack on its Tripoli HQ

Libya’s state oil company National Oil Corp (NOC) said on Wednesday it had postponed a conference in the eastern city of Benghazi for 15 days following an attack on its Tripoli headquarters last month. The three-day conference, to be held in Libya’s second-largest city, is aimed at allowing...

Libya’s NOC dismisses Audit Bureau report as false

  • 3 October 2018 - 21:46
Libya’s NOC dismisses Audit Bureau report as false

National Oil Corporation (NOC) has today issued its official response to the false claims made in a report by the Audit Bureau (AB) regarding its operations and staff.  The corporation expressed surprise and frustration at the report’s inaccuracy, releasing a 51-page rebuttal letter to the AB...

Libya’s oil production highest since 2013, NOC chief says

  • 24 September 2018 - 13:27
Libya’s oil production highest since 2013, NOC chief says

Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corporation. Output was recently 1.278 million barrels a day and can be increased by...

Libya’s NOC to close Al-Wafaa oilfield over blackmail of armed groups

  • 20 September 2018 - 17:14
Libya’s NOC to close Al-Wafaa oilfield over blackmail of armed groups

The National Oil Corporation (NOC) announces that the Al Wafaa oil field airfield was blockaded on the morning of Wednesday, September 19th, in an attempt to blackmail Mellitah Oil and Gas Company into awarding an unwarranted catering contract. If the blockade continues, the company will be forced...