Tag Archives | Mustafa Sanalla

Libya "needs $60bn" to overhaul Energy Infrastructure

By John Lee. Libya needs up to $60 billion in investment to revive its energy industry, according to a report from The National. It quotes National Oil Corporation (NOC) chairman Mustafa Sanalla as saying that $40 billion is required to raise refining capacity to a million barrels per day, with another $20 billion needed over […]

Saudi Minister commends Libyan Oil Sector

National Oil Corporation (NOC) chairman, Mustafa Sanalla, met with His Excellency Dr Khalid bin Abdulaziz Al-Falih, Saudi Arabia Minister of Energy, Industry and Mineral Resources on Thursday, November 15, 2018, in Riyadh, to discuss oil sector stability and co-operation between the two countries. Minister Al Falih expressed his hope for continued Libyan oil sector and […]

Libyan Oil Production Highest Since 2013

By John Lee. Oil production in Libya has reached its highest level since 2013, according to the Chairman of the National Oil Corporation (NOC). Mustafa Sanalla (pictured) told Bloomberg that output recently hit 1.278 million barrels per day, and can be increased by “hundreds of thousands” of bpd with improved security. (Source: Bloomberg)

Libya and Oil: Common Sense Prevails

By Sir Vincent Fean, The Ambassador Partnership LLP. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Sir Vincent Fean’s 39 years of diplomatic experience include serving as Consul-General in Jerusalem, Ambassador to Libya (2006-10), and High Commissioner to Malta.  An Arabist, he has engaged […]

Sanalla Honoured in London Awards Ceremony

At its annual gala in London Petroleum Economist named Mustafa Sanalla, the head of Libya's National Oil Corporation (NOC) as its Chief Executive Officer of the Year. Accepting the award, Sanalla said: I am deeply honoured to be named Chief Executive of the Year by Petroleum Economist ... This award belongs to my colleagues, the […]

Rosneft starts to Lift Oil from Libya

By John Lee. Russia's Rosneft has started to lift oil from Libya. Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), told reporters on Monday: "It is a one year contract and they are lifting one-two cargoes on a monthly basis." (Source: Reuters)

Sanalla Speaks Out on NOC Neutrality

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has said the country’s oil sector must not be a political bargaining chip, and urged all sides to refrain from conflict over oil infrastructure: “NOC has always stood for the unity of the country, and we will continue to do so. Our […]

NOC Chairman: Oil Production to reach 2.5m bpd by 2020

By Adam Nathan. Mustafa Sanalla, the colourful chairman of Libya’s National Oil Corporation (NOC), has revealed ambitious plans to increase Libya’s oil production to 2.5 million barrels of oil a day by 2020. Sanalla, also revealed plans to expand Libya’s refining capacity to 1 million barrels of oil a day and gas production to 1.3 […]