Tag Archives | oil exports

Analysis: Maetig-Hafter Proposal to Resume Oil Exports

By Sami Zaptia, for Libya Herald. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Just when you think Libya is complicated - it gets even more complicated. Khalifa Hafter and his international allies have on the issue of the oil blockade seemingly outmanoeuvred […]

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 […]

NOC Condemns Renewed Blockade of Oil Exports

Libya's National Oil Corporation (NOC) condemns unreservedly the renewed blockade on Libyan oil exports, and calls for the states responsible to be held to account by the United Nations Security Council. NOC has been forced to declare force majeure on all oil exports from Libya to limit its contractual liabilities. Libyan oil exports restarted on […]

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 […]