The Libyan National Oil Corporation (NOC) has announced that the Administrative Control Authority had invalidated the decision of the Minister of Oil, Mohamed Aoun, to suspend NOC Chair, Mustafa Sanalla, from work on October 14.
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Browsing: Libya oil
First Deputy Prime Minister, Hussein al-Qatrani, followed up Monday on the construction of the headquarters of the National Oil Corporation (NOC) and the Ministry of Oil and Gas in Benghazi.
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Royal Dutch Shell is reportedly planning to develop new oil and gas fields and infrastructure in Libya to tap into the country’s vast oil and gas resources.
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The Libyan National Oil Corporation (NOC) announced Wednesday that the net revenues for the month of October 2021 are US$ 1,907,660,046.91 from sales of crude oil, gas, condensate, petroleum products, and petrochemicals.
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Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, met Wednesday with the British Ambassador to Libya, Caroline Hurndall, and “briefed her on the challenges facing the oil sector in Libya, most notably the low level of production due to lack of funding and scarce budgets,” according to NOC.
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The Libyan National Oil Corporation (NOC) and Mellitah Oil and Gas Company discussed in a meeting future production plans and the budgets required for them, according to NOC.
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The Undersecretary of the Libyan Oil Ministry, Rifaat al-Abbar, confirmed that Libya aspires to achieve plans to raise oil exports above 1.4 million barrels a day during December 2021 and above 1.6 million barrels in 2022, if the appropriate conditions and environment are available, and above all the funds necessary for maintenance and development.
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The Libyan Oil Minister, Mohamed Oun, confirmed that the Ministry is the official authority supervising the oil sector and its work in accordance with laws and resolutions regulating the sector.
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The Libyan National Oil Corporation (NOC) said Member of its Board of Directors, Abul Qasim Snengir, was arrested Saturday morning at Mitiga Airport in Tripoli while returning from abroad with his family, “in an arbitrary and inappropriate manner that does not rise to the level of responsibility in dealing with a public and national figure.”
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Libyan National Oil Corporation (NOC) has announced a decrease in its production of Es-Sidra crude by approximately 72% of the daily regular available capacity “due to deterioration of the oil sector infrastructure.”
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