Archive | Oil & Gas

Sharara Sub-Station Attacked by Armed Group

National Oil Corporation (NOC) subsidiary Akakus Oil Operation confirms that Sharara oilfield sub-station B-6NC-186 was attacked by an armed group of eight men. No employees were hurt in this attack or production affected by this incident. The armed group stole three company vehicles and the mobile phones of Akakus employees on-site who were later evacuated […]

Libya “needs $60bn” to overhaul Energy Infrastructure

By John Lee. Libya needs up to $60 billion in investment to revive its energy industry, according to a report from The National. It quotes National Oil Corporation (NOC) chairman Mustafa Sanalla as saying that $40 billion is required to raise refining capacity to a million barrels per day, with another $20 billion needed over […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Artificial Lift Electrical Submersible Pump (ESP) service and Surface Well testing service, Zalaf Oil Company Refurbishment of Laboratory Buildings, Arabian Gulf Oil Company (AGOCO) Replacement of 10.5kv BBC substations, Arabian Gulf Oil Company (AGOCO) Procurement of casings, Arabian Gulf Oil Company (AGOCO) Replacement […]

NOC discusses Cooperation and Investment with UAE

National Oil Corporation (NOC) chairman Mustafa Sanalla met with His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei, United Arab Emirates Minister of Energy & Industry; and separately with His Excellency Dr Khaldoon Khalifa Al Mubarak, managing director and group chief executive officer of Mubadala Investment Company (MIC), the strategic investment arm of the UAE government, […]

September Oil Revenue up 5.6%

The National Oil Corporation (NOC) has announced that September income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was just over 1.66 billion USD – a rise of nearly 93 million USD (+5.6%) from August figures. It should be noted that Libyan natural gas is […]

Saudi Minister commends Libyan Oil Sector

National Oil Corporation (NOC) chairman, Mustafa Sanalla, met with His Excellency Dr Khalid bin Abdulaziz Al-Falih, Saudi Arabia Minister of Energy, Industry and Mineral Resources on Thursday, November 15, 2018, in Riyadh, to discuss oil sector stability and co-operation between the two countries. Minister Al Falih expressed his hope for continued Libyan oil sector and […]

Ras Lanuf Complex prepares to Re-Open

As part of National Oil Corporation’s (NOC) plans to restore oil production to pre-2011 levels, Chairman of the Board of Directors, Mustafa Sanalla, visited the Ras Lanuf petrochemical complex on Saturday, November 10, 2018; accompanied by Board members Mr Jadalla Hamad Alaokali; Eng. Abulgasem Shengheer; and Mr Elamari M Elamari; as well as Mr Ayad […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: New Flow lines with all Associated Facilities to tie in new wells A57 & A58, Mellitah Oil & Gas Environmental  Baseline Survey Nafoora Augila, Arabian Gulf Oil Company (AGOCO) Construction of 56 New Accommodation Rooms at Mellitah Complex, Mellitah Oil & Gas Refurbishment […]