Libya plans to keep oil output at 1.2 million barrels per day (bpd) in 2022, Mustafa Sanalla, the chairman of the state-owned National Oil Corporation (NOC) told a news conference on Wednesday in Tripoli.
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Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, directed a letter to the Acting Head of the Audit Bureau, asking him to immediately stop addressing oil companies regarding the issue of prior control over their contracts.
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Libya’s National Oil Corporation (NOC) had net revenue of $21.6 billion in 2021, with $4.3 billion in net revenue during November and December, it said in a statement on Friday.
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Board of Directors of the Libyan National Oil Corporation (NOC) directed a letter to the Corporation’s Chairman, Mustafa Sanalla, absolving itself of responsibility for his decisions taken individually.
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Chair of the Libyan National Oil Corporation (NOC) has announced force majeure after members of the Petroleum Facilities Guard (PFG) in the Western region shut down crude oil pumping from Sharara, Wafa, and Hamada oilfields.
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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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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 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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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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Libyan Oil Minister, Mohamed Oun, issued a decree on Thursday suspending the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, from work and referring him to administrative investigation “for violations”.
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