Browsing: Oil & Gas

The cohesion of Libyan oil sector was a main reason for restoring stability in the country, said Nicholas Hopton, the outgoing U.K. Ambassador to Libya. The British diplomat made his remarks during his last meeting with Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), on Thursday.

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he Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met on Tuesday with the Oil and Gas Minister of the Government of National Unity (GNU), Mohamed Awn, in Tripoli.
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“If the budget is not approved, there will be an impact and perhaps great difficulties in maintaining oil production rates,” Libya’s oil minister warned on Monday.

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Deputy Oil Minister Rifaat Al-Abbar said on Monday that he was unaware that his ministry made a request to the Government of National Unity to form a new board of directors for the National Oil Corporation (NOC), a decision which he rejects.

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The National Oil Corporation (NOC) will help the western city of Bani Walid in providing medical need, including oxygen supplies, the NOC announced on Sunday.

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Libyan Oil Minister Mohamed Aoun said on Saturday that the decision to assign Mustafa Sanalla as board chairman of the National Oil Corporation (NOC) in 2014 is “legally invalid” because it was not authorized by the ministerial council at that time.

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The Libyan Minister of Oil and Gas, Mohammed Oun, denied the presence of the Russian Wagner Group forces in the Libyan oil fields and ports.
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A leak in the 30-inch pipeline connecting the Jalu to Waha oilfield in central Libya has forced the National Oil Corporation (NOC)  to reduce oil production in that field, the state-owned oil company announced on Tuesday.

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Mustafa Sanalla, chairman of the National Oil Corporation (NOC), held talks last Thursday with Khaled Al-Konsel, general manager of the Libyan Foreign Bank, to review joint cooperation between the two state-owned institutions, according to a statement by the NOC.

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Chair of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, confirmed the Corporation’s total dependence on the Libyan Foreign Bank (LFB) regarding sales of crude oil and imported fuels.
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