Tag Archives | National Oil Corporation (NOC)

Oil Output up to 554,000 bpd

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, said on Thursday that oil production has exceded 554,000 bpd, and is on track to hit 900,000 bpd by the end of the year. Sanallah has been in Paris where he had talks with French oil firm Total, and Italy’s ENI. According […]

Glencore seeking to Increase Oil Trading with Libya

By John Lee. Reuters reports that Glencore is seeking to increase oil trading with Libya, Iran and Iraq to beat what looks to be a much tougher trading environment compared with last year. Alex Beard, the company’s global head of oil, told the Reuters Commodities Summit: “We’re very happy with our relationship with NOC and we’ve […]

UK, Libya Consider Oil Cooperation

By John Lee. The Chairman of National Oil Corporation (NOC), Mustafa Sanalla, has met the British Ambassador to Libya, Peter Millett, in Tripoli to discuss cooperation in oil and gas sector. Members of the Board of Directors Elamari Mohamed Elamari and Abulgasem Shingheer, in addition to Mr. Salah Ben Ali, Manager of NOC Office of […]

AGOCO Oil Output Increasing

Libya’s Arabian Gulf Oil Company (AGOCO) has increased crude oil production from about 150,000 bpd to 320,000 bpd since Khalifa Haftar’s Libyan National Army (LNA) took control of some of the country’s main oil terminals last month. Chairman Mohamed Shatwan told Reuters that he plans to reach 350,000 bpd by the end of the year, […]

LIA on Track to Recover Wealth of the Libyan People

By Sami Redwan, Economics and Business Commentator, Tripoli. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. LIA on track with multi-million dollar litigations to recover wealth of the Libyan people Things are uncertain at the moment, even by Libya’s standards. Key terminals in Libya’s […]

Int’l Community Reaffirms Support for NOC, CBL, LIA

Joint Communique on Libya by Algeria, Canada, Chad, China, Egypt, France, Germany, Jordan, Italy, Malta, Morocco, Niger, Qatar, Russia, Saudi Arabia, Spain, Sudan, Tunisia, Turkey, the United Arab Emirates, the United Kingdom, the United States, the European Union, United Nations, the League of Arab States, and the African Union. We welcome the participation of Prime […]

Can Libya find Unity through Oil?

By Jason Pack for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. For years, Western policymakers have sought to sweep the post-Moammar Gadhafi mess under the rug. Although they are not primarily responsible for the country’s post-Arab Spring implosion — as the recent […]

NOC calls for Sharara, El Feel Fields to Reopen Immediately

Libya’s National Oil Corporation (NOC) on Monday called for the immediate reopening of the pipelines in Rayayina which connect the Sharara and El Feel [El Fil, Elephant] oil fields in southwestern Libya with the Zawia refinery and Mellitah complex in the west of Tripoli. ‎ A local brigade of the southern branch of the Petroleum […]