Tag Archives | Mustafa Sanalla

Libyan Oil Production “Highest in 5 Years”

By John Lee. Libyan oil output recovered sharply last year, according to a report from Platts. It quotes National Oil Corporation (NOC) chairman Mustafa Sanalla as telling a Chatham House event on Tuesday: “We achieved our highest production and revenue levels for the past five years … with $24.4 billion transferred to the Libyan Central […]

Libya “Plans to more than Double Oil Output”

By John Lee. Libya reportedly plans to more than double its oil production by 2021. According to Reuters, National Oil Company (NOC) chairman Mustafa Sanalla told a news conference that output would reach 2.1 million barrels per day (bpd) if security and stability are strengthened. Current output is around 953,000 bpd, less than its pre-civil […]

NOC Records Highest Annual Revenue since 2013

The National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase. NOC chairman, Eng. Mustafa Sanalla presented the 2018 financial data and NOC subsidiary plans for the coming year during a press conference […]

Statement by Libyan British Business Council (LBBC)

The Libyan British Business Council (LBBC) is a membership body committed solely to promoting Libyan/British trade and investment. We value highly our relationship with Libya’s National Oil Corporation under the leadership of Chairman Mustafa Sanalla and his team. The NOC is the wealth creator for the entire Libyan people, in the East, West and South. […]

UK praises NOC’s role in Preserving Libyan Livelihoods

National Oil Corporation (NOC) chairman Mustafa Sanalla received His Excellency United Kingdom Ambassador to Libya, Mr Frank Baker, on November 26, 2018, at NOC headquarters in Tripoli. Ambassador Baker stressed the importance of international community and Libyan institutional support for NOC as the country’s primary source of income, praising the corporation and its board for […]

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 […]

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 […]

Libyan Oil Production Highest Since 2013

By John Lee. Oil production in Libya has reached its highest level since 2013, according to the Chairman of the National Oil Corporation (NOC). Mustafa Sanalla (pictured) told Bloomberg that output recently hit 1.278 million barrels per day, and can be increased by “hundreds of thousands” of bpd with improved security. (Source: Bloomberg)