Tag Archives | Mustafa Sanalla

Libya aims to raise Oil Production to 2.1m bpd

By Adam Nathan (@adamgnathan). Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), said Libya plans to raise its oil production level from 1.25 million barrels a day now to 2.1 million bpd by 2024. Sanalla revealed the ambitious production target at a one-day conference organised by the Libyan British Business Council (LBBC) in Tunis […]

Advancing Libyan/British Business

“The biggest and best Libyan-British trade/investment gathering in 10 years.” – Sir Vincent Fean, Chairman, Libyan British Business Council (LBBC) “Libya will raise its oil production from 1.25 million barrels a day now to 2.1 mbd by 2024.” – Engineer Mustafa Sanalla, Chairman, National Oil Corporation of Libya Over 150 Libyan state-owned and private businesses […]

NOC Outlines Vision to Senior US Officials

By John Lee. The chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla, met key US officials in Washington DC. During the meeting, Dr Jamal Houwaisa, principle advisor to the NOC Board, presented the corporation’s strategy to increase Libyan production to 2.1 million barrels of oil and 4 billion cubic feet of gas per day […]

NOC warns of Sharp Decline in Oil Production

By John Lee. The National Oil Corporation (NOC) has warned that Libyan oil production may fall precipitously over the next nine months if the government continues to withhold already approved budgets. NOC recorded August 2019 revenues of approximately 2 billion USD, a decrease of 117 million USD (5%) compared with July, and an increase of […]

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. […]