Tag Archives | National Oil Corporation (NOC)

Divide deepens as Eastern Forces Close Oil Ports

By George Mikhail for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Libyan divide deepens as eastern forces shut down oil ports A new weapon is being used as a means of pressure in the Libyan conflict. Namely, Libya’s oil. The Tripoli-based National […]

Force Majeure cost Eni JV $9.4m Per Day

By John Lee. Mustafa Sanalla, Chairman of National Oil Corporation (NOC), met with an Eni delegation led by Eni’s Chief Upstream Officer, Alessandro Puliti, Tripoli (Libya), on January 29, 2020 – to discuss status of current shared projects and the consequences of the current blockades for Libya’s people and hydrocarbon production facilities. Sanalla thanked Eni […]

Study to Develop Sirte Basin Concession 47

By John Lee. National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met on Wednesday, January 29, 2020 with the Japanese consortium in charge of studying the development of concession 47 in the Sirte Basin (Beda and Haram Fields) in accordance with the Memorandum of Understanding signed in 2009. The consortium presented a detailed presentation of […]

Sanalla: Rule of Law key to Resolving Libyan Conflict

The National Oil Corporation (NOC) chairman Mustafa Sanalla has emphasised the importance of the rule of law in Libya as the solution to the protracted conflict during his keynote speech at Chatham House on Monday January 27, 2020. “The international community has to understand that if it rewards, or even tolerates, those who break the law […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Rig Third Party Inspection Services, Mellitah Oil and Gas Construction of a new well head workshop at Nafoora oil field, Arabian Gulf Oil Company (AGOCO) Replacement of the reciprocating type hydrogen recycle compressors at Sarir Refinery, Arabian Gulf Oil Company (AGOCO) (Source: National […]

EU “Deeply Concerned” at Blockade of Libyan Oil Facilities

The Delegation of the European Union, in agreement with EU Member States embassies accredited to Libya, is deeply concerned that the National Oil Corporation (NOC) has been compelled to suspend operations at critical oil facilities across Libya and calls for the immediate resumption of NOC operations. The distribution of Libya’s wealth and resources, including oil […]

Libyan Oil Revenues Fall Year-on-Year

23% gain in revenues in December from November; total 2019 revenues 8.4% down on 2018 The National Oil Corporation (NOC) reported December 2019 revenues of approximately 2.2 billion USD ($2,186,488,241.19), an increase of around 405 million USD (23%) on November 2019, mostly due to an increase in the oil price of around 5.42 USD per […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Logistics Marine supply base services in Malta, ENI Replace MCC & generator protection & control panels of gas turbines GT1/GT2/GT3/GT4 Messla field, Arabian Gulf Oil Company (AGOCO) HVAC system for replacement of existing system at AGOCO offices in Benghazi, Arabian Gulf Oil Company […]