Browsing: Oil & Gas

The British Oil Company (BP) agreed with Libya’s National Oil Corporation (NOC) to resume its oil activity in the country, NOC announced on Monday.

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In light of the tension between Russia and the West, Libya is trying to maintain balanced positions, but is unable to produce enough gas to make up for a possible reduction of Russian supplies to Europe, said Libyan Oil Minister Mohamed Aoun.

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UN Support Mission in Libya (UNSMIL) announced Saturday it fully support the need to maintain the integrity and independence of the Libyan National Oil Corporation (NOC) to make sure that Libyan resources benefit all Libyans.
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