Browsing: Oil & Gas

Workers at Libyan oil and gas sector expressed their dissatisfaction and complete rejection of statements of US ambassador Richard Norland and UN advisor Stephanie Williams and “their blatant interference in the management of the oil sector in Libya,” pointing out that this is considered a violation of the state’s sovereignty and independence.

The Libyan National Oil Corporation (NOC) and its companies has achieved a relative increase in oil production, with current production reaching 860,000 barrels per day, while the pre-reopening production rate was 560,000 barrels per day, according to NOC.

Oil prices fell on Thursday for the second consecutive session, as demand concerns overshadowed limited global supplies after US government data showed tepid gasoline consumption during the peak summer driving season.

Libya will resume exporting crude oil on July 20 following a prolonged closure which ended after a new board was picked for the The National Oil Corporation (NOC), announced the state-owned oil company on Monday.