Tag Archive | "National Oil Corporation (NOC)"

Video: Attacks Halt NOC Activity

Video: Attacks Halt NOC Activity

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Libya’s national oil company has declared itself unoperational after a series of attacks. It is a legal move that protects the company from liability in case it fails to fulfill its contracts. Al Jazeera’s […]

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Oil Production back above 400,000 bpd

Oil Production back above 400,000 bpd

Libya’s National Oil Corporation (NOC) has announced that oil production is now above 400,000 barrels per day. Although well below the 1.6 million bpd levels of before the 2011 revolution, this figure is up on the recent levels when fighting between rival armed groups closed two key ports, according to a Reuters report. In January, […]

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New Gas Discovery in Sabratha Basin

New Gas Discovery in Sabratha Basin

The National Oil Corporation (NOC) and ENI North Africa Libya (Operator), being partners in an Exploration and Sharing Agreement in contract area D (NC41) signed in June 2008, have announced a new gas discovery in Contract Area D (NC41) in Sabratha Basin, Offshore Libya. The discovery exploration (New Field Wildcat) well B1-16/04 is located approximately […]

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NOC Rejects UN Smuggling Claims

NOC Rejects UN Smuggling Claims

A spokesman for Libya’s National Oil Corporation (NOC) has rejected a report by United Nations sanctions monitors that said Libyan authorities were unable to stop the illicit trade in oil or the flow of weapons in and out of the country. Reuters quotes Mohammed El-Harari as saying that all oil port and export operations were […]

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Wintershall Resumes Oil Prod’n in Libya

Wintershall Resumes Oil Prod’n in Libya

The onshore oil production in Libya is still subject to temporary fluctuations caused by external influences on the export infrastructure. Currently it is not possible to load at the export terminal of Ras Lanuf. On Monday, 15 December Libya’s National Oil Corporation (NOC) has declared force majeure for Ras Lanuf due to newly erupted militia […]

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Sarir Oilfield Resumes Operations

Sarir Oilfield Resumes Operations

The Sarir oil field, Libya’s largest, started production again on Sunday, after the pipeline from Sarir to the port of Hariga was sabotaged last week by militants. A spokesman for the state-owned National Oil Corporation (NOC) told The Wall Street Journal that the pipeline was repaired and production restarted on Sunday. But a spokesman for […]

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Sarir-Hariga Pipeline Sabotaged

Sarir-Hariga Pipeline Sabotaged

The pipeline from the Sarir oilfield to Hariga port (Marsa al Hariga) was sabotaged by a bomb on Saturday, resulting in a fire that finally extinguished on Sunday. According to the National Oil Corporation (NOC), Sarir was currently the highest-producing oilfield in Libya, with an output of 185,000 barrels per day (bpd). Libya’s production level […]

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EU Stresses Independence of NOC, CBL

EU Stresses Independence of NOC, CBL

Following a meeting of its Foreign Affairs Council on Monday, the European Union has issued a statement welcoming the progress of the political dialogue, and stressing that the independence and proper functioning of the Central Bank of Libya (CBL), National Oil Corporation (NOC) and other key financial institutions must be preserved and protected: The EU […]

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