Tag Archives | Sarir

Schlumberger, AGOCO, measure Wells at Sarir

The National Oil Corporation (NOC) has announced that its technical team at the Arabian Gulf Oil Company (AGOCO) and their counterparts at Schlumberger have implemented the first services of oil well measurements at Sarir oilfield. Mustafa Sanalla, NOC Chairman, thanked the AGOCO employees of for their enthusiasm and loyalty. The NOC also welcomes the return […]

Glencore “Extends Libyan Oil Deal”

By John Lee. Reuters reports that Swiss-based commodities giant Glencore has extended a deal with the National Oil Corporation (NOC) to be the sole marketer of one third of the country’s current crude oil production. In late 2015, Glencore reached an exclusive deal with the National Oil Corporation (NOC) to take all exports of the […]

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 […]

Rival NOCs Agree Oil Exports from Hariga

The head of the Tripoli-based National Oil Company (NOC), Mustafa Sanalla, and Nagi el-Maghrabi of the eastern-based NOC, met last week to agree on steps to unify the NOC and lift the blockade at Hariga port. The meeting was held at the direction of the Presidency Council and was the fourth such meeting between Mr […]

Libya Oil Production Recovering

Argus reports that Libya’s crude oil output has begun to recover toward levels seen at the beginning of April, shortly before a stand-off between the country’s rival governments led to a drop in production and a halt in exports from the eastern Marsa el-Hariga terminal. An official from the Arabian Gulf Oil Company (AGOCO) said […]

Oil Supply to Hariga could Shut Down in a Month

By John Lee. Production from the Messla and Sarir oil fields in south-east Libya could be shut down in less than four weeks if a blockade of the Marsa al Hariga port continues. Output from the fields has been cut to less the half due to a dispute between the rival administrations over the right […]

Oil Output Crashes as rival NOCs Fight

By John Lee. Reuters reports that Libya is producing only around 200,000 to 220,000 bpd after the Arabian Gulf Oil Company (AGOCO) was forced to slash output from its Messla and Sarir fields by more than half. A spokesman for the company said that since loadings at the port of Marsa al Hariga in eastern […]

Sarir Power Station Attacked

Libya Herald says there are unconfirmed reports of an attack on the Sarir power station (pictured). A suicide car bomber, suspected to be from the Islamic State group (IS, ISIS, ISIL, Daesh), was also reported to have been killed by the largely Tebu unit of Petroleum Facilities Guards (PFG) before he could cause major damage. […]