The German ambassador to Libya, Michael Ohnmacht, held talks with various Libyan parties on cooperation in the fields of energy from renewable sources, on strengthening the sewerage system and Libyan municipalities.
Browsing: Oil & Gas
The National Oil Corporation (Noc), the Libyan state energy company, declared that crude oil production has reached 1,210,000 barrels per day, while condensate production has reached 52,000 barrels per day in the last 24 hours.
Deputy Chairman of the Presidential Council, Moussa Al-Koni, met with the Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, to discuss the situation of sector and the possibility of creating an oil refinery in the south of the country to contribute to the supply of fuel and the development of the southern region.
Libya’s National Oil Corporation (NOC) and Norway’s Equinor signed on Tuesday a memorandum of understanding with the Norwegian company Equinor, which aims to “study and evaluate the oil and gas potential in the Libyan maritime region,” according to a statement by NOC.
Libya is set to increase its oil production to two million barrels a day, according to its government.
Libya’s National Oil Corporation (NOC) on Sunday said that the country’s daily oil production is currently 1.204 million barrels.
The Supreme Financial Committee of Libya has vowed to continue pursuing fair distribution of the country’s financial resources, according to…
Libya’s National Oil Corporation (NOC) announced that its net revenues from sales of crude oil, gas, condensates and petrochemicals exceeded $5 billion in the second quarter of 2023, the Libyan company announced on Facebook, specifying that oil exports last May produced 1.57 billion dollars in revenues.
Italy’s engineering, drilling, and construction services provider Saipem has secured a new contract worth approximately $1 billion for the development of a gas project off the coast of Libya. The contract is with Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa.
Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022, Reuters reported.