Archive | Oil & Gas

Mercenaries "a Threat" to Libyan Oil

Libya's National Oil Corporation (NOC) has said it is deeply concerned about the continuing militarization of its oil facilities and the heavy presence of foreign mercenaries at various oil fields and ports in the east and south of the country. In a statement, the company said: The number of mercenaries at the Ras Lanuf petrochemical […]

International Review of Central Bank's Two Branches

The United Nations is Pleased to Announce the Launch of the International Financial Review of the two Branches of the Central Bank of Libya Acting Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL) Stephanie Williams is pleased to announce the finalization of the process to initiate an […]

Libya's June Oil Revenues for June "Lowest this Year"

The National Oil Corporation (NOC) reported crude oil, *gas (propane and butane)* and condensates export revenues of US$45,552,578.87 million for June, the lowest recorded this year. No revenues were earned from oil products sales for the sixth month in a row. Falling production led to this large drop in revenues as refineries, oilfields and ports […]

US Chargé d'Affaires visits Misrata

On Monday, US Chargé d'Affaires Joshua Harris visited Misrata, Libya to consult with Libyan leaders about forestalling military escalation in Sirte and al-Jufra; reopening Libya's energy sector; and intensifying Libyan efforts to demobilize, disarm, and reintegrate violent militias. In meetings with Deputy Prime Minister Ahmed Maiteeg and Minister of Interior Fathi Bashagha, Chargé Harris reiterated […]

NOC Boss has Technical Meetings for Bahr Essalam

A high-level delegation from the National Oil Corporation (NOC) headed by Eng. Mustafa Sanalla, Chairman of the Board of Directors, accompanied by Eng. Abulgasem Shengheer, NOC board member for exploration and production, Mr Ahmed Ammar, chairman of the Management Committee of Waha Oil Company (WOC), Dr. Khalaf Allah Muftah NOC general manager of legal affairs […]

NOC: Deterioration of Security Situation in Gulf of Sirte

Libya's National Oil Corporation (NOC) is deeply concerned at the serious deterioration in the security situation in areas surrounding oil facilities in the Gulf of Sirte. Violent Clashes took place over the past 48 hours in the Brega region, only hundreds of meters away from oil tanks, between armed groups called Al-Saiqa and the Petroleum […]

NOC Deeply Concerned at Potential for Military Escalation

NOC deeply concerned at potential for military escalation, deployment of foreign mercenaries at oil installations Libya's National Oil Corporation (NOC) today said is deeply concerned at reports of the increasing likelihood of an intensification of the military conflict, potentially extending to oil and gas facilities. NOC condemns the deployment of Wagner Group, Syrian and Janjaweed […]

US threatens Sanctions in Libya Oil Row

By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. US threatens sanctions in bid to restore oil sharing in Libya The US government raised the specter of sanctions on unspecified parties involved in Libya's civil war yesterday after Libya's oil authority accused […]