Libya Enjoys Windfall From Oil Price Rally
Libya’s National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result of Continue Reading
Libya’s oil minister suspends NOC chairman again, in escalating political row
Highlights Sanalla still working despite suspension, sources say Minister Oun says Sanalla under investigation for trips Ministry, NOC battling to control Libya’s energy policy Libyan oil minister Mohamed Oun has Continue Reading
Libya’s Election Is All About Oil Money
Libya’s election problem is still all about oil money. The fear among those who could lose power in Libya as a result of elections planned for December 24th is now Continue Reading
Libya’s NOC says improved security leads to resumption of Tatneft’s exploration drilling
Highlights Russia’s Tatneft had suspended work several times Sanalla calls on other IOCs to boost activities in Libya Libyan crude output about 35% below peak levels Russia’s Tatneft has resumed Continue Reading
Libya’s Oil Sector Descends Into Chaos As Deputy-Minister Resigns
The resignation of Libya’s deputy oil minister, Refaat al-Abbar, last week threatens to make the current uneasy situation in Libya’s oil sector even worse. As it stands, Libya is currently Continue Reading
Libya Looks To Attract U.S. Oil Companies
Libya is looking for U.S. oil companies to return to the oil-rich nation, according to Bloomberg. Libya’s oil minister Mohamed Aoun has said that he hopes U.S. companies will return Continue Reading
Libya’s No.1 Oil Man Sanalla Returns To Post After Suspension
Libya’s Prime Minister has revoked a decision by the oil ministry to remove the chairman of the National Oil Corporation, Mustafa Sanalla, from his post. The Libyan oil ministry suspended Continue Reading
Libya National Oil Co. Opens London Office to Help Raise Output
Libya’s state-run oil firm has opened an office in London, with the aim of boosting the OPEC nation’s production capacity. Murzuq Oil Services Ltd. will act as the oversees arm Continue Reading
Libya NOC Boss Sanalla Gets New Backing from Premier
The long-serving head of Libya’s state-run oil company will remain in his post, Prime Minister Abdul Hamid Dbeibah said in a decree, looking to end a feud between two key Continue Reading
Schlumberger Meets with Libya NOC
Libya’s National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya. Libya’s National Oil Corporation (NOC) Continue Reading
Libya Oil Exports Return To Normal Following Major Protests
Crude export operations have returned to normal at two major Libyan oil ports after days of protests and sit-ins that had disrupted loadings, the National Oil Corporation (NOC) said on Continue Reading
Libya’s NOC says Es Sider and Ras Lanuf oil blockades have ended
Libya’s National Oil Corp (NOC) on Thursday said that a blockade of the Es Sider and Ras Lanuf oil terminals had ended and that export operations had returned to normal. Continue Reading
Two Libyan Ports Resume Operations After Protests Stopped Oil Loading
Two of Libya’s key oil export terminals have resumed loading crude on tankers, after protests had stopped operations earlier this week. The Es Sider and Ras Lanuf oil terminals resumed Continue Reading
Libya Oil Output at Risk Again Due to Political Power Struggle
Mustafa Sanalla Photographer: Stefan Wermuth/Bloomberg Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability. The standoff comes Continue Reading
Protests Stop Tanker From Loading At Libya’s Largest Oil Terminal
The relative stability of Libya’s crude oil production and exports from recent months could abruptly end after protests erupted at several key crude terminals, including one that prevented a tanker Continue Reading
Demonstrators Halt Tanker Loading at Libya Oil Port
Demonstrators have interrupted loading of an oil tanker and taken over the control room at Libya’s biggest crude terminal, as a fresh wave of protests across the nation’s ports threaten Continue Reading
Libya Oil Minister Says NOC Head’s Suspension Still Valid
Libya ’s oil ministry said Monday the decision to suspend the head of the state-run national oil company was still valid, potentially setting the stage for renewed tensions hours after Continue Reading
Libya’s Oil Industry May Be On The Verge Of Another Breakdown
With its crude oil production already the subject of various ongoing political divisions since the onset of civil war in 2011, another rift has opened up, this time between Libya’s Continue Reading
Libya’s Oil Industry Faces Crisis Following The Ouster Of NOC Chairman
The tension among Libya’s top oil officials escalated on Sunday when Oun said he had suspended the chairman of NOC, which is the most important revenue asset for OPEC’s African Continue Reading
Libya’s Oil Industry Dispute Grows As Minister Suspends NOC Head
The tension among Libya’s top oil officials escalated on Sunday when Oil Minister Mohamed Oun said he had suspended the chairman of the National Oil Corporation (NOC), which is the Continue Reading
Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money, Arab News has reported , citing the company’s Facebook Continue Reading
Libya’s AGOCO warns of output stoppage
Libya’s Arabian Gulf Oil Co (AGOCO) will stop operations unless it receives its budget allocation for 2020 and 2021, it said in a statement late on Thursday, without giving a Continue Reading
Libyan Central Banker Pins Revival Hopes on Higher Oil Output
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Libya needs to boost oil output by almost 40% of its current level in Continue Reading
Libya’s Oil Minister Wants NOC Chairman Out
Libya’s Oil Minister Mohamed Oun has recommended to the government of national unity that it replace the long-serving chairman of the National Oil Corporation (NOC), Mustafa Sanalla, in a board Continue Reading
Libya’s NOC says oil pipeline leak to lower Gallo oil field output by 70,000 b/d
Oil production at Libya’s Gallo field will drop by as much as 70,000 b/d after an oil pipeline leak that occurred late Aug. 9, the state-owned National Oil Corp. said Continue Reading
Spanish Oil Major Repsol May Resume Oil Exploration In Libya
Spain’s Repsol is willing to resume oil exploration activities in Libya in light of the improved security situation in the African OPEC member, Libya’s National Oil Corporation (NOC) said on Wednesday after Continue Reading
Libyan crude output could rise 200,000 b/d by year-end: OMV executive
Highlights Technical, maintenance issues keeping a lid on current output Output could become more volatile ahead of Dec elections Libya currently producing near 1.20 million b/d of crude Libya has Continue Reading
Libyan crude output could rise 200,000 b/d by year-end: OMV executive
Technical, maintenance issues keeping a lid on current output Output could become more volatile ahead of Dec elections Libya currently producing near 1.20 million b/d of crude Libya has the Continue Reading
Libya: Shell Considers Resuming Activities In Country
Shell is considering resuming operations in Libya by contributing to oilfield developments and increasing marketing and refining activities, Libya Herald reported on Tuesday, citing Libya’s National Oil Corporation (NOC) as Continue Reading
U.N.-backed Libya talks fail to reach consensus on elections
U.N.-sponsored talks aimed at paving the way for elections in Libya in late December failed to find common ground, the deputy of the United Nations mission in Libya said on Continue Reading
Libyan crude output under pressure due to pipeline leaks: NOC’s Sanalla
Libya’s production recovery is slowing as the country’s ageing oil infrastructure comes under pressure, with more falls likely in coming days due to series of pipeline leaks, the chairman of Continue Reading
Libya’s Oil Production Drops By 200,000 Bpd
Libya’s crude oil production has declined by more than 200,000 barrels per day (bpd) in recent days, or by almost 20 percent, on the back of pipeline leaks and maintenance Continue Reading
Libya oil leaks hitting output, NOC chief says
The head of Libya’s National Oil Corp (NOC) reiterated on Wednesday the need for funds for much needed repairs in the oil industry after corroded pipelines recently hit production. Mustafa Continue Reading
Libya’s Oil Sales Fell 36% In April As Production Declined
Libya generated total revenues from oil sales worth US$1.31 billion in April, the country’s National Oil Corporation (NOC) said on Tuesday in its regular update, which showed a 36-percent drop Continue Reading
Can Libya’s Oil Industry Make A Comeback In 2021?
The creation of Libya’s interim government has instilled the international community with tacit hopes of a decade-long conflict finally coming to an end. As it is oftentimes the case with Continue Reading
Libya self-reports April crude output of 1.168 million b/d to OPEC
Libya pumped 1.168 million b/d of crude in April, the North African producer revealed to OPEC in the producer group’s latest monthly oil market report. Not registered? Receive daily email Continue Reading
U.S. appointment of Libya envoy signals intensified push to end post-revolution instability
The Biden administration has named a new envoy for Libya ahead of the country’s planned elections later this year, signaling an intent to elevate American efforts to end foreign military Continue Reading
Libyan oil minister seeks budget approval to hit 1.5 mln bpd target
Libya’s oil production target of 1.5 million barrels per day (bpd) by the end of 2021 depends on parliament approving the national budget quickly, Oil Minister Mohamed Oun told Reuters Continue Reading
Libya’s Oil Production Set To Recover As Force Majeure Is Lifted
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said Continue Reading
Libya crude output to rebound as force majeure lifted on Marsa el-Hariga exports
Libya’s crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26. Continue Reading
Libyan Oil Production Surprise Puts Pressure On Prices
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now Continue Reading
Another Libyan Oil Firm Cuts Output as Funding Row Worsens
One of Libya’s state oil producers said it would have to cut as much as 100,000 barrels a day of output this week, a further sign that a budgetary crisis Continue Reading
Libya’s Oil Production Falls Below 1 Million Bpd On Export Terminal Outage
Libya’s National Oil Corporation has declared force majeure on the port of Hariga due to lack of funds for infrastructure repairs, pushing the country’s crude oil production below 1 million Continue Reading
Libya’s NOC banking on Total’s support to help boost oil output
Libya’s National Oil Corporation is banking on France’s Total to help it boost output and assist with the maintenance of some of its oil infrastructure, it said April 20. Not Continue Reading
Libya’s Agoco halts crude production in budget standoff with government
Production in several of Libya’s major eastern oil fields has been shut down, heightening the central government’s budget crisis. Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Libya’s NOC declares force majeure on Marsa el-Hariga exports amid budget crisis
Libya’s National Oil Corporation has declared force majeure on crude exports out of Marsa el-Hariga terminal as production from its key eastern fields is set to fall due to a Continue Reading
Suez canal blockage caused sulphur pollution spike
Satellite image ©2021 Maxar Technologies image captionThe Ever Given created a six-day jam in the canal The log jam in the Suez canal last month produced a spike in ship Continue Reading
Libya self-reports March crude output of 1.28 million b/d to OPEC
Libya pumped 1.283 million b/d of crude in March, the North African producer revealed to OPEC in the producer group’s latest monthly oil market report. Crude production in March rose Continue Reading
Libyan pay dispute returns, could lead to some oil port closures
The dispute over so-called field allowances paid to Libya’s Petroleum Facilities Guard has returned, with the potential to lead to some oil terminal closures later this month, industry sources said Continue Reading
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard (PFG) follow through with their threat Continue Reading