Tag Archives | oil exports

Libyan Oil Revenues triple from Oct to Nov

By John Lee. The National Oil Corporation (NOC) has announced that exports of crude oil, gas and condensate, petroleum products and petrochemicals for the month of November 2020 have amounted to US$ 700,421,887.47, an increase of 204 percent from October. For comparison, revenues of November 2019 were US $ 1,660,115,142.09. According to an NOC statement, […]

US Welcomes Reopening of Libyan Energy Sector

U.S. Embassy Libya's statement on the apparent Libyan agreement to reopen the energy sector As responsible Libyan parties come together in UN-facilitated peaceful dialogue, the U.S. Embassy is encouraged by an apparent sovereign Libyan agreement to enable the National Oil Corporation (NOC) to resume its vital and apolitical work. In an exchange of letters between […]

Blockade has cost Libya almost $10bn

The National Oil Corporation (NOC) has reported oil, gas and condensates export revenues of USD38.2 million in July 2020, a hugely damaging drop compared to USD2.1 billion in July 2019. This is the lowest one-month revenue figure recorded this year. NOC registered USD24.7 million from sales of crude oil, USD12.8 million from gas and condensate […]

Libya to Resume Oil Production at Facilities without Militia

By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. Intel: Libya to resume oil production at facilities without militia, Wagner fighters Libya's National Oil Corporation (NOC) lifted its force majeure on certain oil facilities this weekend after eastern Libya's Gen. Khalifa Hifter said […]

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 […]