Tag Archives | National Oil Corporation (NOC)

Waha Oil Output Cut by 120,000 bpd

Waha Oil‘s pipeline in Libya has been closed due to a strike and protests at its Gialo field. Bloomberg quotes Libyan Minister of Oil and Gas, Dr. Abdulbari Alarusi [Al Arusi], as saying that this will result in a cut in the country’s crude output of 120,000 bpd. The field feeds crude into a pipeline […]

Eni Highlights Importance Of Libyan Gas

According to UPI, Libya maintains strong support from the Italian energy company Eni as a source of stable and secure natural gas supplies. Eni Chief Executive Officer Paolo Scaroni (pictured) met with Libyan Prime Minister Ali Zidan [Zeidan], Petroleum Minister Dr. Abdulbari Alarusi [Al Arusi] and National Oil Corporation (NOC) Chairman Nuri Balrwin [Nuri Berruien] […]

Wintershall Attributes Record Output to Libya

Germany’s largest internationally active crude oil and natural gas producer, Wintershall, has attributed its record production figures in 2012 to Libyan output. The company increased net income after taxes and minority interests by almost 13 percent to 1.2 (2011: 1.1) billion euros, thereby crossing the billion euro threshold for the second time running. Sales by […]

Libya Exports 1.26m bpd in January

Libya’s National Oil Corporation (NOC) has said that crude oil exports totalled 39.075 million barrels in January, equivalent to a daily rate of 1.26 million barrels per day. The state-owned NOC exported 29.48 million barrels itself, bringing in revenue of $3.3 billion, which gives an average price of $111.95 per barrel. The rest was exported by […]

Mellitah Gas Plant Closed due to Clashes

Libya’s Ministry of Defense has sent forces to secure the Mellitah gas facility in northwestern Libya after it was shut down because of clashes between rival militia, reports Reuters. Italian energy giant Eni suspended exports of gas via the Greenstream pipeline to Italy from the Mellitah complex, a joint venture between Eni and the National […]

Waha Oil Pre-Qual for Fiber Optic Cable

The Waha Oil Company (WOC), Tripoli, intends to execute a project in the Waha Field which will include excavate trench (approx. 40Km), construct man holes, install PVC & steel conduits where necessary, lay fiber optic cable, and back fill. All local and international specialized companies who are interested to participate in the prequalification of bidders […]

Repsol Discusses Exploration Plans in Libya

Platts reports that the chairman of Libya’s National Oil Corporation (NOC) and held a meeting with a senior delegation from Spain’s Repsol to discuss the company’s exploration and production plans in Libya. Repsol’s equity share of oil output from its Libyan concessions amounted to 14.07 million barrels of crude oil in 2012, and it accounts […]

More Details on Ghadhames Oil Find

The National Oil Corporation (NOC) has issued more information on the oil find announced last week. The find was made at well A1-96/01, in contract area 95/96 in the Ghadames Basin. The well is located approximately 360 km southwest of Tripoli and 70 km south of the El-Wafa field. Partners in the project are Sonatrach […]