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.”
Browsing: Libya oil
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 U.S. Embassy in Libya said that responsible Libyan leaders must recognize that the shutdown harms Libyans throughout the country and has repercussions across the global economy, and should end it immediately.
Chairman of Libyan the National Oil Corporation, Mustafa Sanalla, has urged Akakus Oil Operations Company to carry out the necessary maintenance operations for the oil transmission pipelines.
Oil prices rebounded, on Wednesday, from sharp losses in the previous session as concerns over tightening supplies from Russia and Libya dominated, while industry data showed a decline in US crude stocks last week.
Tribal and social factions announced on Saturday shut down of the El Feel oil field in Ubari, Fezzan and the suspension of oil and gas production, in addition to exports from the Zueitina oil port in Eastern Libya.
The Chair of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said that Libya can increase its oil production to 3 million barrels per day.
The chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, received on Wednesday the chairman of the Administrative Supervisory Authority, Suleiman al-Shanti, in the presence of the Acting Minister of Finance, Mohammed Al-Shoobi, according to NOC.
Libyan Oil Minister, Mohamed Aoun, discussed with delegation representing French company Total Energy a number of topics that concern the company’s activity in Libya and its future projects in the fields of oil and gas production and alternative energy.