Tag Archive | "National Oil Corporation (NOC)"

NOC “Opens Books” to Oil Firms

NOC “Opens Books” to Oil Firms

Reuters reports that the National Oil Corporation (NOC) has opened its books to international oil firms to reassure them that payments for exported oil were not being used to fuel hostilities between rival factions. Among the companies that the NOC met last month were ConocoPhillips, Occidental Petroleum, Total, OMV, Eni and Statoil. The Tripoli-based company […]

Read the full story

Posted in Oil & Gas, SecurityComments (0)

Oil Production over 400k bpd

Oil Production over 400k bpd

The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, has said Libya is currently producing around 436,000 barrels of oil per day. According to a report from Reuters, he added that he hopes to increase that by 200,000 bpd over the coming two months, by repairing damaged fields and keeping an open dialogue with […]

Read the full story

Posted in Oil & GasComments (0)

AGOCO Pumping 260,000 bpd

AGOCO Pumping 260,000 bpd

The Arabian Gulf Oil Company (AGOCO) was producing at a rate of 230,000 to 260,000 bpd on Sunday, according to a report from Reuters. A company spokesman told the news agency that production was down by about 35,000 bpd due to the closure of the Nafoura oilfield, which was caused by a protest. The company’s […]

Read the full story

Posted in Oil & GasComments (0)

El Feel Oilfield Still Closed

El Feel Oilfield Still Closed

The El Feel [El Fil, Elephant] oil field in Western Libya was reported to be still closed on Monday, due to a strike by security guards. An engineer at the site, who asked not to be identified, confirmed to Reuters that the strike is ongoing. El Feel is operated by Italy’s Eni and the National […]

Read the full story

Posted in Oil & GasComments (0)

Thinni Warns Against ”Illegitimate” NOC

Thinni Warns Against ”Illegitimate” NOC

Libya’s internationally recognised government has warned companies against dealing with the Tripoli-based National Oil Corporation (NOC). Speaking to a press conference of Beida, the head of the House of Representatives (HoR), Abdullah al-Thinni (pictured), said his government is taking further steps to export crude oil from the regions under its control through its locally recognized […]

Read the full story

Posted in Oil & GasComments (0)

Two Biggest Oil Ports to Open Soon

Two Biggest Oil Ports to Open Soon

The head of the National Oil Corporation (NOC) in Tobruk, Elmabruk Bosaif, has told Reuters that Libya’s two biggest oil ports, Ras Lanuf and Es Sider, will be able to open once security checks are made. The ports, which can handle a combined 600,000 bpd, are under the control of forces loyal to the internationally […]

Read the full story

Posted in Oil & GasComments (0)

Oil Exports Hit 622,000 bpd

Oil Exports Hit 622,000 bpd

Libya Herald, citing figures from the National Oil Corporation (NOC), reports that crude oil exports are up to 622,000 barrels per day (bpd). The main producers are listed as: AGOCO producing 290,000 bpd; Eni producing 250,000 barrels of oil and gas equivalent from El Fil [El Feel, Elephant] and Wafa in the south west; Sirte […]

Read the full story

Posted in Oil & GasComments (0)

Rival NOC ‘Likely to Fail’

Rival NOC ‘Likely to Fail’

Reuters reports that Libya’s internationally recognised government in Tobruk is unlikely to succeed in its plans to have all oil exports paid for through a new state oil firm it is setting up in the east. Currently, both of the rival governments fund their respective armies with export revenues collected by the National Oil Corporation […]

Read the full story

Posted in Oil & Gas, SecurityComments (0)

LBN Newsletter FREE Weekly Subscription

Email: