Archive | Oil & Gas

Zueitina Gas Plant Closed for Maintenance

By John Lee. The National Oil Corporation (NOC) has announced that the gas plant at the port of Zueitina is closed for scheduled maintenance from October 7th to 14th. Production at the Faregh oil field will be suspended during this period, resulting in about 15,000 barrels of oil per day and about 70 million cubic […]

UNSMIL “Alarm” at attempt to Divide NOC’s Operations

UNSMIL expresses alarm at continued attempt by parallel authorities to divide Libya’s National Oil Company’s operations The United Nations Support Mission in Libya (UNSMIL) 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 subsidiary Brega. The mission reiterates that the […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Engineering study for rehabilitation of field instrumentation and control system (Tobruk and Sarir refineries), Arabian Gulf Oil Company (AGOCO) Replace transformers for CP’s and oil wells at GOSP5 & GOSP6, Nafoora field, Arabian Gulf Oil Company (AGOCO) (Source: National Oil Corporation) (Picture: Call […]

Monetization Strategies for Development of Border Oil Fields

By Ahmed Mousa Jiyad. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Monetization Strategies for Joint Development of Border Fields in MENA Region Many hydrocarbons fields and exploration blocks, with billons barrels of petroleum, straddle sovereign borders (both onshore and offshore) in the Middle […]

Wintershall DEA “Considering Libya Exit”

By John Lee. German Oil and gas firm Wintershall DEA is reportedly considering exiting Libya following disagreements with the National Oil Corporation (NOC) over licences. Handelsblatt reported that the company’s Chief Executive Mario Mehren, and Hans-Ulrich Engel, CFO at BASF – which holds a 67% stake in Wintershall – have met with a senior representative […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Renewal of Pipeline Supporting Structures, Sirte Oil Company (SOC) (Source: National Oil Corporation) (Picture: Call for tender written on a folder, from Olivier Le Moal/Shutterstock)

NOC, Indonesia discuss Offshore Project Development

By John Lee. NOC and Indonesia discuss training opportunities and offshore project development National Oil Corporation (NOC) chairman Mustafa Sanalla received His Excellency 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 sector in Libya. Mr Ma’ruf expressed his country’s […]

Oil Storage Capacity Increased at Ras Lanuf

By John Lee. National Oil Corporation (NOC) subsidiary Harouge Oil Company has replaced Ras Lanuf storage tank no. 7, which has a capacity of 500,000 barrels of crude oil, bringing the port’s storage capacity to its highest level since 2016. This will help prevent forced oil field shutdowns, especially during winter weather which can disrupt […]