Tag Archives | National Oil Corporation (NOC)

NOC warns Oil Market against Illegal Contracts

By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]

Libya’s Oil Production Down

By John Lee. Reuters cites a source at the National Oil Corporation (NOC) as saying that oil production was down by 252,000 barrels per day on Tuesday. The reductions were caused by shutdowns at Wafa (pictured) and Sharara, due to the activities of “armed factions“. (Source: Reuters)

NOC challenges Presidency Council power

By John Lee. The National Oil Corporation (NOC) has said the Presidency Council does not have the legal power to change or limit the authorities, duties and responsibilities of NOC. NOC chairman Mustafa Sanalla (pictured) said on Monday: “I have asked the Presidency Council to withdraw its recent resolution … It has exceeded its authority. […]

Chinese Oil Firms consider Return to Libya

By John Lee. The Chairman of the  Tripoli-based National Oil Corporation (NOC), Mustafa Sanallah, has met with the Chinese Ambassador to Libya as well as a number of senior officials from UNIPEC, which is subsidiary of state-owned Sinopec. The meedting discussed the possibility of the firms returning to the oil industry in Libya, and finish […]

Eastern-based NOC pulls out of Oil Agreement

By John Lee. The chairman of the Eastern-based National Oil Corporation (NOC), Naji al-Maghrabi (pictured), has announced that he will not continue with the agreement to unify the rival eastern- and western-based oil organizataions. According to a report last week from the eastern-based LANA news agency, one of he reasons for the decision was the […]

Clashes hit Libya’s Crude Oil Output

By John Lee. According to a report from Bloomberg, Libya’s crude output has fallen 11 percent as clashes over the past 10 days have led to the closing of some oil export terminals. It claims that production is down from about 700,000 barrels per day (bpd) to around 620,000 bpd as Es Sider, the country’s […]

Sanalla Speaks Out on NOC Neutrality

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has said the country’s oil sector must not be a political bargaining chip, and urged all sides to refrain from conflict over oil infrastructure: “NOC has always stood for the unity of the country, and we will continue to do so. Our […]

New Tenders from National Oil Corporation

By John Lee. The National Oil Corporation (NOC) has advertised new career opportunities in Libya: Land Transportation Services from/to Onshore Company sites, Mellitah Oil & Gas Company B.V (Gas Division) Marine services at Tripoli port, Mabruk Oil Operations (MOO) Consulting Engineering Services for Sarir/Messla/Majad Electrical Network (K-47), Arabian Gulf Oil Company (AGOCO) (Source: UN)