Tag Archives | Oil Contracts

Shell, BP to Buy Libyan Crude

By John Lee. Bloomberg reports that Shell and BP have agreed annual deals to buy Libyan crude oil. Sources told the news agency that Shell’s deal is the first of its kind since 2013, and that the first cargo of 600,000 barrels will start to be loaded from Zueitina port on Saturday. BP, which didn’t […]

Eastern NOC Claims Oil Deals with Russia, China

By John Lee. The head the eastern-based National Oil Corporation (NOC) has claimed that his office has signed 29 contracts independently of the Tripoli-based organisation. Naji al-Maghrabi told Reuters that recent contracts included deals with major states such as Russia and China. Russia is reported to be planning to arm eastern-based strongman General Khalifa Haftar […]

Tobruk Threatens IOCs Dealing with Tripoli

The Deputy Prime Minister of Libya’s internationally recognized government in Tobruk, Abdussalam Elbadri, told a conference last week in Malta that his government will punish international oil companies (IOCs) that continue to work with the rival administration in Tripoli. In parallel, the Chairman of the National Oil Corporation (NOC) based in the East of Libya, Nagi […]

Tripoli Courts Oil Majors

The Tripoli-based National Oil Corporation (NOC) held a series of meetings with a group of global refineries in the Mediterranean area and with a major oil companies last week in London. The first meeting was with BP, followed by meetings with more than 20 partners, customers, Libyan crude refiners and fuel suppliers. According to a […]

‘NOC East’ calls for Talks with IOCs

The newly-created National Oil Corporation (NOC) loyal to the internationally recognised government in the east of Libya has reportedly invited international oil companies (IOCs) to “discuss legally signed agreements and contracts” at a conference in Dubai next month. The Tobruk government set up the rival company – ‘NOC East’ – in Benghazi, but oil buyers […]

Thinni Warns Against ”Illegitimate” NOC

Libya’s internationally recognised government has warned companies against dealing with the Tripoli-based National Oil Corporation (NOC). Speaking to a press conference of Beida, the head of the House of Representatives (HoR), Abdullah al-Thinni (pictured), said his government is taking further steps to export crude oil from the regions under its control through its locally recognized […]

No New Oil Agreements Before Mid-2014

National Oil Corporation (NOC) Chairman Nuri Berruien [Nuri Balrwin] (pictured), has confirmed that there are to be no new exploration-production sharing agreements (EPSAs) before mid-2014. Answering questions at the end of a conference in London, he added that this would probably be “during a constitutional government”, implying that the current “interim” government is not deemed […]