Archive | Oil & Gas

Video: Who Controls Libya’s Oil Riches?

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. The battle to control the largest oil reserves in Africa has taken a new twist – which is turning off the lifeblood of the Libyan economy. Renewed fighting has shut down oil terminals and […]

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Force Majeure at Ras Lanuf and Es Sider Ports

By John Lee. The National Oil Corporation (NOC) has announced force majeure on crude oil loadings from Ras Lanuf and Es Sider port terminals from Thursday 14 June 2018. The NOC confirms that an armed militia led by Ibrahim Jadhran attacked both terminals, resulting in their closure. NOC evacuated all NOC employees as a precautionary measure. […]

Medco signs Libya Oil Exploration Contract

The Libyan Investment Authority (LIA) has signed a contract with the Indonesian company Medco Energi extending the previous agreement relating to oil exploration in district 47. The signing was attended by the LIA Chairman and Chief Executive Dr. Ali Mahmoud, and Medco Energi’s General Manager in Libya Mr. Faisal Shita. Mr Shita said: “The initial […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Construction of Fire Training Ground Facility at Ghanfooda, Arabian Gulf Oil Company (AGOCO) Provision of Heat Exchangers Dedicated Services at Mellitah Complex , Mellitah Oil & Gas Takaful Medical Fund Management Services, Mabruk Oil Operations (Source: National Oil Corporation) (Picture: Call for tender written […]

Video: Haftar Pushes Against Militia in Oil Crescent

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Fighting has escalated in Libya’s so-called “oil crescent”. Forces loyal to renegade General Khalifa Haftar have struck a rival armed group after their attack on oil terminals on Thursday. The area has been under […]

NOC appoints Interim Head of Int’l Marketing

By John Lee. The National Oil Corporation (NOC) has reportedly appointed Imad Ben Rajab as the interim head of its International Marketing department. According to Reuters, Ben Rajab has already been serving as a senior official in the the department. He replaces Ahmed Shawki who has held the post for the past seven years, and […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Replacement of Three Desalters and Three Oil Heaters at Nafoora, Arabian Gulf Oil Company (AGOCO) Extension of control room at GC-4 Sarir field, Arabian Gulf Oil Company (AGOCO) Construction of roads to airport and inside field at Messla field, Arabian Gulf Oil Company […]

Malaysian Firm addresses Renewable Energy in Libya

The National Oil Corporation (NOC) has met with the Malaysian company Bionas to better understand how the latest technological advances can be applied to the extraction of biofuel from the Jatropha tree to help combat desertification, as well as providing an additional renewable energy source. Such energy sources can be used to support the economies […]