Archive | Oil & Gas

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Drilling & Rig Waste Collection, Mellitah Oil & Gas (Source: National Oil Corporation) (Picture: Call for tender written on a folder, from Olivier Le Moal/Shutterstock)

Libyan Finances Ahead of Plan for Jan-Aug Period

By John Lee. Libya’s total revenues were 1.1 billion Libyan dinars ($800 million) ahead of budget for the first eight months of the year, according to a statement from the Central Bank of Libya (CBL) on Monday. Oil revenues were 2.6 billion dinars ahead at 20.2 billion dinars, with all other revenue sources being below […]

US Reaffirms Support for NOC

By John Lee. US Assistant Secretary of State for Near Eastern Affairs, David Schenke, and US Ambassador to Libya Richard Norland have met with Mustafa Sanalla, Chairman of the Libyan National Oil Corporation (NOC) in Tunis to affirm U.S. support for the NOC. In at statement on social media on Tuesday, the US Embassy said […]

US firm in discussions regarding Libyan Oil Fields

By John Lee. National Oil Corporation (NOC) chairman, Mustafa Sanalla, met with Mr John W. Wallace, chairman and CEO of DeGolyer and MacNaughton, in Tunis. Also present were NOC board member for Exploration and Production, Abulgasem Shengheer, and Dr Khalifa Rajab Abdul Sadiq, chairman of the Management Committee of Zallaf Oil & Gas Exploration and […]

Armed Robbery at NOC Subsidiary

Armed robbery at National Oil Wells Drilling & Workover Company headquarters The National Oil Wells Drilling & Workover Company, a subsidiary of the National Oil Corporation (NOC), confirms that an armed robbery took place at its company headquarters in Tripoli on Friday, September 6, 2019. Two masked men discharged their weapons, assaulted security guards, and […]

Libyan Oil Revenues Up 23%

By John Lee. The National Oil Corporation (NOC) has recorded July 2019 income of 2.1 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month increase of 403 million USD (+23%). This month’s figures were inflated by a busy crude loading schedule […]

Pakistan interested in Libyan Oil and Gas Cooperation

National Oil Corporation (NOC) chairman Mustafa Sanalla met with the Pakistani Ambassador to Libya, His Excellency Sajid Iqbal, on Monday, August 26, 2019. The two parties emphasized the special relationship between the two countries and the potential for enhanced cooperation, especially in the oil sector. Ambassador Iqbal conveyed Pakistan’s desire to explore cooperation opportunities in […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Engineering study for rehabilitation of field instrumentation and control system (Tobruk and Sarir refineries), Arabian Gulf Oil Company (AGOCO) Installation of new diesel fuel supply system for the two (2) new turbine sets at GC-1 Sarir, Arabian Gulf Oil Company (AGOCO) Replacement of […]