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#Oil

Libya’s NOC says Sharara oilfield is losing 290k bpd

The Libyan National Oil Corporation (NOC) has confirmed that 290.0000 bpd of oil production at the Sharara oil field is currently offline. "NOC teams are investigating a suspected closed valve/valves in the Hamada area." The NOC said…

Libya’s state oil firm says May revenues hit $2.3 billion

The Libyan National Oil Corporation (NOC) said Thursday that it had recorded May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts - a monthly…

Two oil tankers explode after being hit in Gulf of Oman

Several of crew members have been rescued after abandoning two oil tankers hit by explosions in the Gulf of Oman. Ship operators said 21 crew on board the Kokuka Courageous and 23 on the Front Altair had been evacuated. Iran rescued…

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