Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said there are exciting capabilities in Libya to develop hydrocarbons to provide Europe with oil and natural gas through the sea by the pipelines using the existing infrastructure, according to NOC.
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The U.S. Embassy in Libya has announced that it “fully supports the temporary freezing of oil revenues in the National Oil Corporation account at the Libyan Foreign Bank until there is agreement on a revenue management mechanism.”
An official statement issued by the Libyan Parliament Speaker Aqila Saleh confirmed Saturday the freezing of oil revenues at the Libyan Foreign Bank until “the establishment of guarantees and a mechanism for all Libyans to benefit from this income, in a manner that achieves justice and equality for all.”
Libya’s National Oil Corporation (NOC), led by Mustafa Sanallah was pressured to transfer a total of $8 billion to the…
Libya is missing out on the opportunity to generate revenues of $60 million a day against the backdrop of the…
Oil prices fell more than 1 percent on Thursday in a volatile week as economic and recession fears hobbled global financial markets, outweighing supply concerns and geopolitical tensions in Europe.
Libya is planning to prioritize a $3 billion offshore expansion project to be undertaken by its biggest oil and gas…
The “Crescent Oil Bloc” decided to reopen the oil fields and ports, after a blockade that lasted for more than 3 weeks, in protest against the policies of Abdel Hamid Dbeibeh’s government.
UN Special Adviser on Libya Stephanie Williams said she met with the Libyan National Oil Corporation (NOC) Chairman Mustafa Sanallah on Sunday in Tripoli, where they discussed the national and international impact of the oil fields and ports shutdown, according to Williams.
The General Exhibitions Authority is launching the 48th edition of the Tripoli International Fair on May 9 and will run…