Tag Archives | National Oil Corporation (NOC)

Libyan Oil Production Falls Below 90k Barrels per Day

Statement from the National Oil Corporation (NOC): The NOC has recently supplied medical equipment to help local authorities across Libya deal with the coronavirus pandemic, click here for more details. The forced and illegal restriction of oil and gas production has resulted in financial losses exceeding 3,957,326,455 USD since January 17, 2020. This means the […]

Libyan Oil Revenues Collapse

The National Oil Corporation (NOC) has reported February 2020 revenues of approximately USD 555 million ($555,533,750.97), a decrease of around $1.21 billion USD (68.6%) on January 2020 revenues. The February figure is also a decrease of around $708 million (56%) compared with February last year. NOC's revenues come from sales of natural gas, crude oil […]

Libya's Oil Blockade Losses exceed $3.5bn

By John Lee. Libya's National Oil Corporation (NOC) has said the financial losses resulting from the ongoing blockade of its oil facilities now exceed $3.5 billion, as oil production falls to just 95,837 barrels per day (bpd). In a statement late on Monday, the company said: "The NOC continues to work hard to serve all […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Tubing, Arabian Gulf Oil Company (AGOCO) 4.16 kv power cables at CPS Nafoora Field, Arabian Gulf Oil Company (AGOCO) Hydrogen recycle compressors at Sarir Refinery, Arabian Gulf Oil Company (AGOCO) (Source: National Oil Corporation)

Austerity Measures due to Blockade of NOC Facilities

By John Lee. The National Oil Corporation (NOC) has said that it has implemented austerity measures due to what it described as the "continued illegal shut down of facilities". The corporation said it is yet to receive its 2020 budget  after more than 70 days of the new year which will force it and its […]

NOC condemns "Illegal Shipment of Aviation Fuel"

By John Lee. The National Oil Corporation (NOC) has claimed that in recent days there has been an illegal shipment of aviation fuel into Libya. The NOC has informed the UN, GNA and numerous other governments of what it calls "these clear violations to UN resolutions and Libyan laws". It said in a statement: "This […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: 24-inch Diameter pipes, Harouge Oil Operations Upgradinig electrical power system at Beda, Arabian Gulf Oil Company (AGOCO) Messla/Sarir electrical network SCADA system, Arabian Gulf Oil Company (AGOCO) El Feel [El Fil, Elephant field] 30" P/L Transmission System Upgrade, Mellitah Oil and Gas Mud […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Tubing, Arabian Gulf Oil Company (AGOCO) Well heads, Arabian Gulf Oil Company (AGOCO) MCC and generator protection and control panels of gas turbines, Arabian Gulf Oil Company (AGOCO) Rehabilitation and upgrading of Beda airport, Arabian Gulf Oil Company (AGOCO) Modernization of metering devices, […]