Libyan oil output is 729,000 barrels per day, the National Oil Corporation (NOC) media office said on Thursday, down from a high of more than 1.3 million bpd last year.
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Browsing: Oil & Gas
Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya, Reuters reported.
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Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline.
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Algeria’s national oil company Sonatrach is preparing to resume suspended oil projects in Libya, the state news agency APS reported on Monday.
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Board of Directors of the Libyan National Oil Corporation (NOC) directed a letter to the Corporation’s Chairman, Mustafa Sanalla, absolving itself of responsibility for his decisions taken individually.
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Oil prices edged towards $80 per barrel on Wednesday, Reuters reported.
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The Minister of Oil and Gas, Mohamed Aoun, denied the disappearance of $324,000 from the Mellitah Company account within 3 days in August 2011 during his presidency of the company at the time.
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Members of the Libyan Petroleum Facilities Guard (PFG) closed the crude oil pipeline feeding a number of electric power production plants of the General Electricity Company (GECOL) with natural gas as the main fuel to operate the stations of Al-Ruwais, Al-Zawiya, Al-Khums, as well as part of the Misurata Station, according to GECOL.
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The National Oil Corporation (NOC) accused the Minister of Oil and Gas, Mohamed Aoun, of “infringing his powers” and “practicing a policy of misleading for the purpose of disrupting the Corporation’s work,” the NOC said in a statement on Sunday.
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The Libyan National Oil Corporation (NOC) has announced that the Administrative Control Authority had invalidated the decision of the Minister of Oil, Mohamed Aoun, to suspend NOC Chair, Mustafa Sanalla, from work on October 14.
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