Tag Archives | oil exports

Divide deepens as Eastern Forces Close Oil Ports

By George Mikhail for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Libyan divide deepens as eastern forces shut down oil ports A new weapon is being used as a means of pressure in the Libyan conflict. Namely, Libya’s oil. The Tripoli-based National […]

US Condemns Blockade on Libya’s Oil Production

Ambassador Kelly Craft Permanent Representative U.S. Mission to the United Nations New York, New York January 30, 2020 AS DELIVERED Thank you Mr. President. Thank you Special Representative Salame for your update on the increasingly alarming situation in Libya. Less than two weeks ago, international leaders gathered in Berlin, where they called for a sustained […]

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 […]

UN Reiterates Support for NOC as Sole Oil Exporter

By John Lee. The Chairman of Libya's National Oil Corporation (NOC), Mustafa Sanalla, and UN Deputy SRSG for Political Affairs, Stephanie Williams, have discussed the need for national investment in the oil sector to maintain existing production and to provide for increased production in the coming years.‬ ‪DSRSG Williams emphasized that the UN is closely […]

June Oil Production Down

By John Lee. Libya's National Oil Corporation (NOC) has announced June income of $1.7 billion from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a month-on-month decrease of $580 million (-25%). Accordingly, half-year recorded oil and gas revenues for 2019 amounted to $10.3 billion USD […]

Fire on Oil Pipeline feeding Es Sider

By John Lee. Libya's National Oil Corporation (NOC) has confirmed that a fire broke out on 21st April 21 along the El-Zkout-Al Sidra oil pipeline, operated by the Waha Oil Company (WOC). The line connects the oil fields to the Sidra oil terminal. Initial investigations indicate that the fire occurred 117km from Zkout and 21km […]

Strike Delays Loading at Zawiya Oil Port

By John Lee. A strike by workers protesting over salaries at the oil port of Zawiya has reportedly delayed the loading of oil on Monday. The port exports crude oil from the giant El Sharara field. Sources told Reuters that negotiations were under way to resolve the dispute. (Source: Reuters)