Oil

The United Nations Support Mission in Libya (UNSMIL) said it is alarmed by indications that parallel, unrecognized authorities in Libya are threatening the operation and management of Libya's National Oil Corporation (NOC) and its…

Libya’s National Oil Corporation (NOC) said on Wednesday that August revenues dropped to around $2 billion, a 5% decline from July.The company attributed the drop to the sabotage of the main pipeline of the El Sharara oil field and…

The National Oil Corporation (NOC) chairman Mustafa Sanalla received, Moehammad Amar Ma’ruf, Indonesian Chargé d’Affaires to Libya, on September 29, 2019, to discuss potential areas for practical collaboration and development of the oil…

The Government of the United Arab Emirates and the Ambassadors and Chargés d’ Affaires of France, Germany, Italy, the United Kingdom, and the United States of America issued a joint statement on Sunday to back up the legitimacy of the…

U.S. President Donald Trump on Friday approved the deployment of U.S. forces to bolster Saudi Arabia’s air defenses after an attack on the kingdom’s oil infrastructure that has been blamed on Iran.Speaking at the Pentagon, Defense…

Oil surged the most on record after a devastating attack on Saudi Arabia intensified concerns about growing instability in the world’s most important crude-producing region.In an extraordinary start to the week’s trading,…

Libya earned 20.2 billion Libyan dinars in oil revenues in the first eight months of the year, the Central Bank of Libya (CBL) said in a statement on Monday.The Tripoli-based central bank listed total government spending for the same…

The National Oil Corporation (NOC) is a national institution working for the benefit of all Libyans.The NOC said on Friday that it rejects any attempt to portray it as a participant in the war, or supportive of any side of the ongoing…

Libya's east-based Al-Bayda oilfield has halted work due to pipeline maintenance work, field engineers said on Wednesday.The oilfield pumped until the closure around 7,000 barrels a day, forcing state oil firm AGOCO, part of National…

The revenue of the Libyan National Oil Corporation (NOC) registered a 23% month-on-month leap to stand at USD2.1 billion during the seventh month of this year.NOC said in a statement that this boost is driven by a hike in the volume of…

The International Campaign to Boycott the UAE (ICBU) has accused the UAE of intervening in supporting internal fighting and supporting  Khalifa Haftar for greed in Libya’s oil wealth, where the Benghazi Oil Corporation (BPC) has revealed a…

A former Libyan oil minister Abdulbari Al-Arusi was released on Tuesday after two weeks in captivity.Al-Arusi was kidnapped by unidentified gunmen outside his home in the capital Tripoli last month.No group has claimed…

The National Oil Corporation (NOC) and Italian oil major Eni announced the completion of Phase 2 of the Bahr Essalam offshore gas project, a joint venture between the two companies operated by NOC subsidiary Mellitah Oil & Gas Company…

The National Oil Corporation (NOC) announced Wednesday the reinstatement of force majeure on crude oil loadings at Zawiya port commencing Tuesday, July 30, 2019."This decision was prompted by a new illegal Sharara pipeline valve…

Reuters has reported that a valve was shut at Sharara oilfield in Libya and led to the halt of oil pumping to Al-Zawiya port. This is breaking news story, more details to follow. 

A senior delegation from Libya's National Oil Corporation (NOC) visited China at the invitation of the country’s leading oil major China National Petroleum Corporation (CNPC) to discuss investment and enhanced cooperation opportunities…

The Libyan National Oil Corporation (NOC) announced Monday the lifting of force majeure on Sharara crude oil loading from Zawiya port, following the opening of a closed valve on the pipeline connecting the Sharara oilfield to the Zawiya…

Libya’s National Oil Corporation (NOC) declared force majeure on crude shipments from Zawiya port starting July 20 after halting production from the Sharara oil field, it said in a statement.Production from Sharara, Libya’s largest oil…

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 National Oil Corporation (NOC) recorded June income of 1.7 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month decrease of 580 million…