Étiquette : National Oil Corporation

The National Oil Corporation entered into a partnership with the US Department of Energy

08/01/2021 –  Within the framework of supporting transparency and developing the performance of the National Oil Corporation and its subsidiaries, the Corporation cooperates with the US Department of Energy to implement a comprehensive study of the corporation’s plan in the medium and long term to rehabilitate and develop newly discovered producing fields to increase oil and gas production. The corporation’s website on the international information network stated that the study includes reviewing the corporate governance system in the corporation and its companies, the main objective of the study is to highlight the strengths of the National Oil Corporation, identify areas for improving efficiency and effectiveness and propose measures to support the performance of the corporation and its companies, and enhance Supporting international investment in Libya, and aligning the institution with the best international practices of major companies, which enhances opportunities to attract international investment and facilitates cooperation with leading international companies in all areas of the oil industry.

LANA

Sahel-Elite (Bamako-Mali)

Loss of revenues due to Libyan oil closure exceed $7.8 billion

08/08/2020 – The National Oil Corporation (NOC) reported on Tuesday the total loss of sales opportunities as a direct result of oil installation closures amounts to 7.841 billion dollars, during the 200 days of force majeure.

The NOC, on its official Facebook page, called for an end to the forced closure of its installations in order for international partners to be able to provide extra support in the fight against the spread of the Coronavirus pandemic.

It is worthy to note that warlord Haftar’s forces closed the oil fields and ports in the country since January last for economic and political gains.

The Libya Observer

Sahel-Elite (Bamako-Mali)

Eastern-based Libyan parliament asks Egypt to intervene in war

14/07/2020 – Libya’s eastern-based parliament has called for Egypt to directly intervene in the country’s civil war to counter Turkish support for the internationally recognised Government of National Accord (GNA), based in the capital Tripoli.

In a statement late on Monday, the House of Representatives based in the eastern port of Tobruk said Egyptian backing was needed to stave off what it described as a Turkish invasion and occupation. Continuer à lire … « Eastern-based Libyan parliament asks Egypt to intervene in war »

Libya – National Libyan Army sets conditions for lifting oil blockade

13/07/2020 – In a statement late Saturday, Ahmed al-Mesmari, a spokesman for the LNA, called for oil revenues to flow into a bank account in a foreign country with a ‘clear mechanism’ to distribute funds fairly among Libya’s regions. Continuer à lire … « Libya – National Libyan Army sets conditions for lifting oil blockade »

Libya’s NOC Chief: Oil production will collapse to lowest level since toppling Gaddafi

23/01/2020 – Libya’s oil output will collapse within days to the lowest level since 2011, said National Oil Corporation’s (NOC) Chairman Mustafa Sanallah as a blockade of its export terminals has forced a rapid shutdown of production and electricity blackouts in parts of the country. Continuer à lire … « Libya’s NOC Chief: Oil production will collapse to lowest level since toppling Gaddafi »

NOC discusses with international energy companies developing oil and gas sector in Libya

13/10/2019 – The National Oil Corporation (NOC) has held a series of meetings in London to discuss the development of oil and gas sectors in Libya.

The NOC head, Mustafa Sanallah, convened a meeting with Suncor and Equinor energy companies to review the mechanisms of enhancing cooperation and activating the role of the Joint Task Force to increase the production of oilfields managed by Harouge Oil Operations company, according to the NOC Facebook page.

Equinor is associated with a production sharing agreement with the NOC and is part of the second consortium of companies in the Sharara oil field, which is operated by Akakus Oil Operations company.

Libyan Express

Sahel-Elite

Serraj government discussing further funding for NOC to activate Libyan economy

24/08/2019 – Faiez Serraj, head of Libya’s internationally recognized Presidential Council and Government of National Accord, held an expanded meeting yesterday to discuss increased investment in the country’s oil sector.

The meeting was attended by the Ministers of Planning and Finance as well as the Governor of the Tripoli Central Bank of Libya (CBL), the Chairman of the National Oil Corporation (NOC), the head of the Audit Bureau, and the head of the Libyan Investment Authority (LIA). Continuer à lire … « Serraj government discussing further funding for NOC to activate Libyan economy »

Libya’s Presidential Council wants oilfields to be outside political conflicts

2019/14/02 – The Presidential Council (PC) in Libya has renewed its call for leaving oil facilities outside political conflicts in the country.

Mohammed El Sallak, the spokesman for the Head of the PC Fayez Al-Sirraj, said the oil facilities should remain under the oversight of the International-recognized National Oil Corporation (NOC) and the Petroleum Facilities Guard (PFG.) Continuer à lire … « Libya’s Presidential Council wants oilfields to be outside political conflicts »

UK ambassador to Libya urges international community to support NOC

2018/04/12 – The United Kingdom’s ambassador to Libya, Frank Baker, has stressed the importance of international community and Libyan institutional support for the National Oil Corporation (NOC) as the country’s primary source of income. Continuer à lire … « UK ambassador to Libya urges international community to support NOC »

Libya oil output rising despite adverse security conditions

2018/09/25 – The Chairman of the National Oil Corporation (NOC) Mustafa Sanallah stated Sunday, that the production of oil in Libya has risen despite the current security challenges, hitting its highest level in five years. Continuer à lire … « Libya oil output rising despite adverse security conditions »