Head of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, considered the return of Total to work in Libya is a positive thing, upon receiving the Country Chair of Total in Libya, Pascal Breant, adding that this gives a good impression for the rest of the international companies to return and invest in Libya.
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The Prime Minister of the Libyan Government of National Unity (GNU), Abdul Hamid Dbeibeh, cited progress toward agreeing the exit of mercenaries from Libya. “I won’t say they will be out in a month or two,” but they will eventually leave, he said, describing a “very significant decrease” in weaponry brought into Libya.
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Chair of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, confirmed the Corporation’s total dependence on the Libyan Foreign Bank (LFB) regarding sales of crude oil and imported fuels.
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Libyan Oil Ministry discussed in a meeting on Tuesday the activities of the National Oil Corporation (NOC) and its companies, production levels, and the problems and difficulties it faces, on top of which is the lack of budgets required for the conduct of production operations.
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The National Oil Corporation (NOC) and Shell Exploration Company have discussed the possibility of resuming the latter’s activities in Libya.
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The National Oil Corporation (NOC) confirmed Wednesday that the eruption of well D34A, which occurred on July 25, 2021, in the 103D field at Zueitina Oil Company, had been brought under control with the efforts and expertise of Libyan engineers and technicians, and the concerted efforts of those affiliated to NOC, the Zueitina Company and the operating and service companies.
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Fadlallah Issa Hatita, the CEO of the Arabian Gulf Oil Company (AGOCO), has said that the company is going through a critical financial situation, which could result in halt of oil production, according to a statement released on the company’s official Facebook page.
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Undersecretary of Oil and Gas Ministry reviewed Mellitah Oil and Gas Company’s activity and operations, the workflow of the offshore platforms in the Al-Buri field, and the efforts made to maintain production continuity.
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The Libyan Minister of Oil and Gas, Mohamed Oun, expressed his hope that by the end of this year, Libya’s oil production would reach between 1.4 and 1.5 million barrels per day.
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Refaat Mohammed Alabbar, Libya’s Deputy Oil Minister, was in the U.A.E on Thursday, where he met a number of Emirati official to discuss bilateral cooperation.
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