Tag Archive | "National Oil Corporation (NOC)"

NOC Warns about Unapproved Oil Sales

NOC Warns about Unapproved Oil Sales

Libya’s National Oil Corporation (NOC) has warned customers not to purchase Libyan crude oil from any other entities. As oil fields have been seized by armed groups and control is split between two feuding governments, the company’s head of marketing told Bloomberg: “This notice has been issued protectively to make sure that no shipment is […]

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Oil Output 900,000 bpd

Oil Output 900,000 bpd

A spokesman for Libya’s state-run National Oil Corporation (NOC) said on Sunday that oil production has fallen by 25,000 bpd to 900,000 bpd because of a strike at the Jalo oilfield. Reuters reports that output is still nine times more than several months ago when nationwide strikes crippled the industry. On Thursday, Libya reported it […]

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Who Runs Libya’s Oil Industry?

Who Runs Libya’s Oil Industry?

There is continued confusion over who runs the oil industry in Libya. The Wall Street Journal reports that the country now has two people claiming the position of Minister for Oil: Mashallah al-Zawie, who is part of an Islamist-backed cabinet of the controlling Tripoli, claimed to the legitimate holder of the position during a visit at […]

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Production Restarts at Sharara

Production Restarts at Sharara

Oil production resumed at the Sharara oilfield on Monday, following an improvement in security at the Zawiya refinery, which it supplies. The field, Libya’s largest, had reopened following a deal with protestors in July, but shelling near the Zawiya refinery last week forced a temporary stop in production. The Wall Street Journal quotes an official […]

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Oil Production Rises

Oil Production Rises

Reuters reports that Libya’s oil production has risen to 870,000 bpd. A spokesman for the state-run National Oil Corporation (NOC) said the NOC had put output last week at 810,000 bpd. (Source: Reuters) (Oil image via Shutterstock)

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Oil Output Rallies to 700,000 bpd

Oil Output Rallies to 700,000 bpd

A spokesman for Libya’s state-owned National Oil Corporation (NOC) said on Monday that crude oil production has increased to 700,000 barrels per day (bpd), its highest level since June last year. Production has been steadily ramping up in the past month after exports finally resumed from the eastern ports of Es Sider and Ras Lanuf, […]

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Waha Oilfield Resumes Operations

Waha Oilfield Resumes Operations

Libya has resulted normal operations had resumed at Waha oilfield. A spokesman for the state-owned National Oil Corporation (NOC) told The Wall Street Journal, that operations resumed at the giant field on Monday. Waha, which normally produces 160,000 bpd, supplies crude to the Es Sider terminal, which restarted exports using stored oil last week. The […]

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Oil Minister Replaced

Oil Minister Replaced

Libya’s deputy oil minister, Omar Shakmak, who headed the oil ministry as a caretaker since the departure of former oil minister Abdulbari Alarusi [Al Arusi] in January, has told the Wall Street Journal that he is resigning from the top job at the request of Prime Minister Abdullah al-Thinni [Al-Thani, al-Thanay]. Mr. Shakmak didn’t give any […]

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