An armed force deployed outside the National Oil Corporation (NOC) headquarters in Tripoli late on Wednesday, three witnesses said, after the chairman Mustafa Sanalla gave a speech rejecting a government decision to sack him.
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Today, Mustafa Sanalla, the former chairman of the National Oil Corporation (NOC), arrived back to the oil company’s headquarters in Tripoli, a day after Abdul Hamid Dbeibeh sacked him.
Organization of Petroleum Exporting Countries (OPEC) revealed that Libya’s oil production declined by 78,000 barrels per day during June, compared to May, making the country among the 4 countries that led the decline in OPEC production during the past month.
Abdul Hamid Dbeibeh has dismissed Mustafa Sanalla, chairman of the National Oil Corporation (NOC), according to a classified governmental decree seen by The Libya Update.
Russian energy giant Gazprom on Monday cut its gas supplies to Italy by a third, Italian fuels giant Eni said.
Brent crude recorded Monday a decline of one percent, after rising Friday by about 2.3%.
Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
Italian company Eni has taken note of the Libyan government’s proposal to reduce gas exports to the company by 25 percent, according to Italian news agency Nova.
Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia, according to Reuters.
The National Oil Corporation (NOC), Libya’s state-owned oil company, declared on Thursday force majeure in Sidra, Ras Lanuf and El-Feel oilfields due to shutdowns which caused $3 billion loss (16 billion Libyan dinars).