Tag Archives | National Oil Corporation (NOC)

Rival NOCs Agree Oil Exports from Hariga

The head of the Tripoli-based National Oil Company (NOC), Mustafa Sanalla, and Nagi el-Maghrabi of the eastern-based NOC, met last week to agree on steps to unify the NOC and lift the blockade at Hariga port. The meeting was held at the direction of the Presidency Council and was the fourth such meeting between Mr […]

Overhaul of Wafa Oilfield Completed

The National Oil Corporation (NOC) has announced the completion of the planned overhaul of Wafa oilfield. In a statement, the NOC said the overhaul was carried out in a record time frame and faster than anticipated. NOC’s board thanked all those who contributed to this work, including Eni North Africa, implementing companies, and manufacturers for […]

Libya to Resume Oil Exports from Marsa al-Hariga

By John Lee. Libya’s rival National Oil Corporations (NOC) have reportedly reached an agreement to allow oil shipments to resume from the port of Marsa Al Hariga. Nagi Elmagrabi, head of the Eastern-based NOC, told Bloomberg on Monday that exports would restart within three days. The agreement followed talks in Vienna with Mustafa Sanalla, chairman […]

International Community Reaffirms Support for GNA

Ministerial Meeting for Libya Joint Communique, Vienna 16 May 2016 We welcome the presence of Prime Minister al-Sarraj and commend his leadership in guiding Libya’s institutions through seating the government in Tripoli, a turning point in the Libyan political process. We express our strong support for the Libyan people in maintaining the unity of Libya. […]

UK Urges GNA to Decide Leadership of LIA, NOC, CBL

Britain’s Foreign Secretary Philip Hammond has issued a statement following the international meeting in Vienna with Libyan Prime Minister Fayez al Serraj and members of the Libyan Presidency Council. Following the meeting, Foreign Secretary Philip Hammond (pictured) said: “There is strong support from the international community for the Libyan Political Agreement and the new Libyan […]

Oil Supply to Hariga could Shut Down in a Month

By John Lee. Production from the Messla and Sarir oil fields in south-east Libya could be shut down in less than four weeks if a blockade of the Marsa al Hariga port continues. Output from the fields has been cut to less the half due to a dispute between the rival administrations over the right […]

Oil Output Crashes as rival NOCs Fight

By John Lee. Reuters reports that Libya is producing only around 200,000 to 220,000 bpd after the Arabian Gulf Oil Company (AGOCO) was forced to slash output from its Messla and Sarir fields by more than half. A spokesman for the company said that since loadings at the port of Marsa al Hariga in eastern […]