Oil

Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production and electricity blackouts in parts of the country, according to the…

Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade by KhalifaHaftar's forces, setting the stage for crude flows from the OPEC member to…

The Libyan National Oil Corporation (NOC) has declared force majeure after Khalifa Haftar's forces have blockaded oil exports from Brega, Ras Lanuf, Hariga, Zueitina and Sidra ports. "The LNA General Command and the Petroleum Facilities…

The board of directors of the National Oil Corporation (NOC) has strongly condemned calls to blockade oil ports ahead of the Berlin Conference on Sunday. “The oil and gas sector is the lifeblood of the Libyan economy and the single…

National Oil Corporation (NOC) reported November 2019 revenues of approximately 1.8 billion USD, a decrease of around 410 million USD (19%) on October 2019 revenues and a decrease of 613 million USD (25%) compared with November 2018. This…

Libyan state oil firm NOC is considering the closure of its western Zawiya port and evacuating staff from the refinery located there due to clashes nearby, a statement said on Saturday. NOC might also shut down the El Sharara oilfield,…

Libya's National Oil Corporation (NOC) said on Tuesday it had approved the purchase by France's Total of Marathon Oil's stake in the country's Waha concessions. The French company committed to invest $650 million to increase production…

The National Oil Corporation of Libya has announced that Russia’s Tatneft has returned to its exploration project in the North African country, in the Northwest. “We are very pleased with Tatneft’s resumption of its activities at…

Libya National Oil Corporation (NOC) declared force majeure on loadings of Mellitah crude oil after El Feel oilfield shutdown last week, six industry sources with knowledge of the matter told Reuters on Monday. The 73,000 barrel per day…

The National Oil Corporation (NOC) has confirmed that production at El Feel oil field has been interrupted as a result of an unlawful valve closure on the export pipeline from El Feel field to Mellitah. NOC Chairman, Mustafa Sanalla said…

Libya's National Oil Corporation (NOC) confirms that following the cessation of military activity at the el-Feel oil field, production has resumed today - November 28, 2019. No NOC employees were harmed. Facilities sustained some minor…

The Libyan National Oil Corporation (NOC) has confirmed military activity in the area of the El-Feel oil field. "There are no reports of damage to facilities or casualties." The NOC said in a statement on Wednesday. The NOC Chairman…

Libya's National Oil Corporation (NOC) of Libya Sunday said that the country's oil and gas revenues in October have increased by 21 percent from September. The NOC reported that in October 2019, the revenues reached approximately 2.2…

The Interior Minister for Libya’s UN-backed government accused Russia of fueling a months-long war to extend its influence over the strategic oil producer, and called on the U.S. to step up efforts to resolve the conflict. Fathi…

Within the framework of the National Oil Corporation (NOC)'s plan to increase production rates and to implement the targeted programme of work within the framework of the approved extraordinary budget, Arabian Gulf Oil Company (AGOCO) has…

Brega Petroleum Marketing Company (BPMC), a subsidiary of National Oil Corporation (NOC), condemns attempts at intimidation of its employees by an illegitimate parallel board. "Staff in Benghazi were on Wednesday forced to sign…

The chairman of Libya’s National Oil Corporation (NOC) Mustafa Sanalla, met key US officials in Washington DC. During the meeting, Dr. Jamal Houwaisa, principle advisor to the NOC Board, presented the corporation’s strategy to increase…

Libya's internationally recognised Government of National Accord said on Wednesday it was sharply increasing the price of kerosene for industrial and commercial use as a first step to reform costly fuel subsidies and tackle smuggling.…

Libya's oil revenues reached 22.7 billion Libyan dinars ($16.09 billion) in the first nine months of the year, the Central Bank of Libya said on Wednesday. The Tripoli-based CBL listed total government spending for the same period at…

Libya's Presidential Council of the Government of National Accord said it had allocated 1.5 billion Libyan dinars ($1.06 billion) for the National Oil Corporation (NOC) to maintain oil production in 2019-2020, according to a resolution…