Archive | Oil & Gas

Blockade has cost Libya almost $10bn

The National Oil Corporation (NOC) has reported oil, gas and condensates export revenues of USD38.2 million in July 2020, a hugely damaging drop compared to USD2.1 billion in July 2019. This is the lowest one-month revenue figure recorded this year. NOC registered USD24.7 million from sales of crude oil, USD12.8 million from gas and condensate […]

Libya to Resume Oil Production at Facilities without Militia

By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. Intel: Libya to resume oil production at facilities without militia, Wagner fighters Libya's National Oil Corporation (NOC) lifted its force majeure on certain oil facilities this weekend after eastern Libya's Gen. Khalifa Hifter said […]

Lifting of Force Majeure on Zueitina Port

By John Lee. As of Tuesday, September 22, 2020, the Zueitina Oil Company has been instructed by the NOC to resume production at the company's oil fields, and export from Zueitina Port. This follows a security assessment by the NOC. In a statement tbe NOC said: "It is worth noting that Zueitina Oil Company is […]

Analysis: Maetig-Hafter Proposal to Resume Oil Exports

By Sami Zaptia, for Libya Herald. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Just when you think Libya is complicated - it gets even more complicated. Khalifa Hafter and his international allies have on the issue of the oil blockade seemingly outmanoeuvred […]

Water and Sanitation Project in Zintan

By John Lee. On Thursday, 7000 metres of electricity cables for submersible water pumps were delivered to Zintan municipality. This delivery comes on top of 26 submersible and centrifugal water pumps already delivered to the Zintan municipality to help solve a water shortage bottleneck in the municipality and in neighbouring areas. It took place as […]

NOC Condemns PFG incursion at Sharara

From the National Oil Corporation: Libya's National Oil Corporation (NOC) expresses its strong dissatisfaction with the continued militarization of its fields after the commander of the southern region, Al-Mabrouk Sahban, entered the Sharara oilfield, which belongs to Akakus Oil Operations Company, by force, on Saturday August 29, 2020. Al-Mabrouk Sahban was accompanied by 20 members […]