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 »

Libyan Army Says ‘Ready for Any Military Act’

11/07/2020 – The Libyan National Army led by Khalifa Haftar has pledged to deter Turkish forces that are backing Fayez al-Sarraj’s Government of National Accord (GNA) in Libya’s war.

The LNA is “ready for any military act,” it announced on Friday.

Its statement came as Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports as a Vitol tanker loaded at Es Sider after a half-year standstill.

« The increase in production will take a long time, » NOC said.

NOC chief Mustafa Sanalla welcomed the resumption of oil production, saying: « We are very glad finally to be able to take this important step to national recovery. »

The US embassy hailed news that the NOC had lifted force majeure « and resumed its vital work on behalf of all Libyans. »

It vowed to cooperate with the UN mission in Libya to ensure « revenues are not misappropriated but rather preserved for the benefit of the Libyan people ».

France’s embassy also rejected « the militarization of oil installations » and stressed « the importance of preserving NOC neutrality ».

Libya produced 1.22 million barrels per day (bpd) before January and had planned to increase production to 2.1 million bpd by 2024, the NOC said this week.

ASHRAQ AL-AWSAT

Sahel-Elite (Bamako-Mali) |Photo illustration : Author: AFP

Libyan officials meet Eni, NOC CEOs to discuss partnership

09/07/2020 – The head of the presidential council of the Libyan Government of National Accord, Fayez al-Sarraj, met Eni’s CEO Claudio Descalzi and his counterpart at the national oil company NOC, Mustafa Sanalla, on Wednesday. Continuer à lire … « Libyan officials meet Eni, NOC CEOs to discuss partnership »

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

Libya – Eastern Libyan oilfield al-Bayda closes due to maintenance-engineers

04/09/2019 – Libya’s eastern al-Bayda oilfield has halted work due to pipeline maintenance work, field engineers said on Wednesday.The field pumped until the closure around 7,000 barrels a day, forcing state oil firm AGOCO, part of NOC, to lower production to 270,000 bpd, the engineers said. Reporting by Ayman al-Warfalli Writing by Ulf Laessing Editing by Catherine Evans.

Reuters

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 won’t restart largest field until militia leaves

2019/02/25 – Libya’s state-run National Oil Corp refused to restart the country’s biggest field after militants seized and declared it secure earlier this month. The standoff over Sharara, which can pump about 300,000 bopd, is entering its third month. NOC won’t resume production while armed groups are there, the company’s chairman Mustafa Sanalla said on Sunday. The Libyan National Army, loyal to eastern leader Khalifa Haftar, controls the field and said it’s ready to restart. Continuer à lire … « Libya won’t restart largest field until militia leaves »