Archive | Oil & Gas

NOC gives New Equipment to Tripoli University Hospital

NOC inaugurates cutting-edge cardiovascular device at Tripoli University Hospital The National Oil Corporation (NOC) has unveiled a next-generation medical device at Tripoli University Hospital’s (TUH) cardiovascular catheterization unit, for use in complex interventional heart procedures. The cutting-edge image-guided medical device, donated and installed by NOC in accordance with the corporation’s sustainable development framework, will enable […]

$20m Fund to Support Communities near Oilfields

By John Lee. The National Oil Corporation (NOC) and a group of international partners made up of Repsol, OMV, Total, and Equinor, known as the ’Repsol Consortium’, have signed a 20-million USD agreement to support a series of sustainable development projects essential for residents adjacent to sites operated by NOC subsidiary Akakus. The 20-million USD […]

Libya’s Oil Output may Hit 6-Year High

By John Lee. Libya’s oil output is on track this month to hit an almost six-year high, according to a report from Bloomberg. Following the resumption of production at the Sharara field, the county’s largest, Libya is reported to be pumping 1.17 million barrels of crude a day. More here. (Source: Bloomberg)

German Firms Interested in Libyan Energy Sector

By John Lee. The Chairman of National Oil Corporation (NOC), Mustafa Sanalla, took part in the Libyan-German Economic Forum, held on March 8, 2019, in Tunis, alongside a number of other sovereign state institutions and His Excellency Oliver Owcza, Ambassador to Libya. Discussions focussed on Libya’s economic recovery and in-country investment opportunities. German companies expressed […]

January Oil Revenues Down 30%

By John Lee. Libya’s National Oil Corporation (NOC) has announed that January income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was just over 1.6 billion USD – a drop of more than 680 million USD (-30%) compared with the previous month. While 2018 represented […]

NOC lifts Force Majeure at Sharara Oilfield

The National Oil Corporation (NOC) announces the lifting of force majeure at the Sharara oil field following the removal of the armed group responsible for its blockade and production loss of 1.8 billion USD. Sharara operating company Akakus has received written assurance from the Libyan National Army’s Brigadier General Al Rifi Kennah Ahmed Ali, Commander […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Atlas Copco Portable Air Diesel Compressor, Azzawiya Oil Refining Company (ARC) Construction of field accommodation blocks at Sarir Field, Arabian Gulf Oil Company (AGOCO) Maintenance of tank and water injection tank at Nafoora oil field, Arabian Gulf Oil Company (AGOCO) Study for water […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Oil Country Tubular Goods (OCTG), Zallaf Libya of Oil & Gas Vessel services for Bahr Essalam Field (Sabratha Platform), Mellitah Oil & Gas Subsea Wellhead tie-back system, Mellitah Oil & Gas Cleaning, gauging, intelligent pigging and FFS Assessment of pipelines, Zueitina Oil Company […]