The Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, announced that the Canadian firm has resumed work in the Nafoura oil field.
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Production at Libya’s Sharara and El Feel oilfields has resumed, days after being shut due to protests.
Seventy deputies of the Libyan House of Representatives announced that the statements of US special envoy and ambassador Richard Norland are based on false data.
Libya’s National Oil Corporation reached net revenues of over $1.66 billion from sales of crude oil, gas, condensates, petroleum products and petrochemical products during May 2023.
Italian oil company Eni signed a memorandum of understanding on Wedesnday with Libya with the aim of “studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni’s strategy and with the Libyan government’s objectives to accelerate decarbonisation and energy transition processes,” according to a press release by Eni.
The Jikharrah gas exploitation plant in Libya, in contractual area 91, has been successfully restarted after a ten-year standstill.
Libyan Oil Minister Mohamed Aoun, and his Algerian counterpart Mohamed Arkab, discuss the return of Algerian energy companies to work in Libya, during a meeting between the two on the sidelines of the meeting of oil ministers of the member states of the Organization of the Petroleum Exporting Countries (OPEC), which was held on Saturday 3 June at OPEC’s headquarters in Austria.
The National Oil Corporation has won another arbitration against the UAE Trasta Energy, winning the appeal to the Paris Court of Appeal, whose request was filed in February 2022.
Gas flows from Libya to Italy have resumed after an interruption that lasted about two weeks due to a vast restructuring of the Mellitah plants, located on the North African coast.
The National Oil Corporation’s budget committee convened a meeting on Tuesday to review development plans for the Ras Lanuf and Mellitah complexes, according to a statement by the NOC.