Tag Archives | Nuri Berruien

Libya Renews Focus on Natural Gas, incl Shale

Libya plans boost production of natural gas and is studying options to explore unconventional reserves, National Oil Corporation (NOC) Chairman Nuri Berruien said. The country is currently producing 2.5 billion cubic meters a day of gas and aims to reach its full capacity of 3 billion cubic meters per a day by the start of next […]

NOC Targets 2.2m bpd Oil in 5 Yrs

Libya has increased its oil production much faster than analysts had expected after last year’s civil war, to a current level of around 1.6 million bpd, according to a report from Reuters. But in recent months operations at refineries and terminals have been disrupted by political activists, as happened this week at Zawiya refinery, which […]

BP Lifts Force Majeure on Libyan Exploration

BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012. Force Majeure has been in place since 21st February 2011. Discussions between NOC and BP have agreed how the impact of Force Majeure will be mitigated in BP’s existing […]

BP to resume operations in Libya

BP is to resume exploration activities in Libya that it suspended because of last year’s uprising, re-starting a relationship which under ousted Libyan leader Muammar Gaddafi landed the firm in the centre of a political storm. BP’s return is a milestone in the recovery of Libya’s energy sector, though this was tempered by an announcement […]

BP to resume oil exploration in Libya

BP says it will resume oil exploration in Libya after suspending operations there earlier due to the violent uprising that ousted Moammar Gadhafi. The oil company said Tuesday it has lifted its “force majeure” declaration that had been in place since Feb. 21. The term is used when an oil company cannot cover the promised […]

Libya Oil Output Nears 1.6 Million Barrels a Day, NOC Says

Libya’s crude oil output has risen to “almost” 1.6 million barrels a day, Nuri Berruien, chairman of the state-run National Oil Corp., said in a telephone interview from Tripoli. The North African country, which is rebuilding its oil industry after the war that ousted former leader Muammar Qaddafi last year, produced 1.465 million barrels a […]

Libya, U.S. Probe Oil-Company Deals

Authorities in the U.S. and Libya are investigating oil giants such as Italy’s Eni SpA and France’s Total SA over their past relations with the fallen Libyan regime, potentially casting a cloud on the companies’ ambitions to expand their foothold in the country with the largest oil reserves in Africa. Last year, a civil war […]

Libya Pumps 1.4 Million Barrels a Day of Oil, NOC Chief Says

Libya is pumping 1.4 million barrels a day of crude and is on track to exceed what it produced before last year’s revolt against Muammar Qaddafi, said the chairman of the state-run National Oil Corp. The NOC expects Libya to pump 1.5 million barrels a day by early April and 1.7 million barrels a day […]