Tag Archives | Unipec

NOC warns Oil Market against Illegal Contracts

By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]

Chinese Oil Firms consider Return to Libya

By John Lee. The Chairman of the  Tripoli-based National Oil Corporation (NOC), Mustafa Sanallah, has met with the Chinese Ambassador to Libya as well as a number of senior officials from UNIPEC, which is subsidiary of state-owned Sinopec. The meedting discussed the possibility of the firms returning to the oil industry in Libya, and finish […]

Silence on Oil Deals "a Setback for Transparency"

The National Oil Corporation (NOC) has told Reuters that it will not reveal the details of its oil sales this year. While oil producers commonly keep details of crude deals secret, the agency reports that Libyan officials promised to publish details of Libya's oil deals following more than 40 years of secrecy under the Gaddafi […]

Libya Probes Gadhafi-Era Oil Deals With Chinese Companies.

Libya’s prosecutor’s office is investigating possible irregularities in crude sales to oil giants China International United Petroleum & Chemical Co., or Unipec, and PetroChina Co., as part of a broader probe into oil deals made during the regime of Moamaar Gadhafi. News of the investigation, reported by Benoit Faucon and Summer Said at Dow Jones […]

Libya Investigating Unipec, PetroChina Oil Deals Under Gadhafi

Libya's prosecutor office is probing possible irregularities in crude sales to oil giants China International United Petroleum & Chemical Co., or Unipec, and PetroChina Co. Ltd.  as part of a broader probe into Gadhafi-era oil deals, a file from Libya's Interpol bureau shows. A file issued last month, attached to a request of arrest against […]

China in 140,000 bpd Libya oil deals for 2012-traders

China's top two state oil firms have agreed to lift a total of about 140,000 barrels of crude oil per day from Libya under term deals for 2012, set to raise China's crude purchases from the North African exporter after supply disruptions last year. State trader Unipec, the trading arm of top Asian refiner China […]

China's Unipec in 100,000 bpd Libya oil deal for 2012 - traders

China's Unipec has agreed to lift about 100,000 barrels of crude oil per day from Libya under a term contract for 2012, set to raise China's crude purchases from the North African exporter after supply disruptions last year. The volume agreed between Unipec, the trading arm of top Asian refiner China Petroleum & Chemical Corp […]