The new Chairman of the Libyan National Oil Corporation (NOC), Farhat Bengdara, stressed that the Corporation will not be biased to any party to the political conflict.
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The Italian Embassy in Libya has welcomed the announcement of the resumption of oil production and export in Libya and the lifting of force majeure on all ports.
Organization of Petroleum Exporting Countries (OPEC) revealed that Libya’s oil production declined by 78,000 barrels per day during June, compared to May, making the country among the 4 countries that led the decline in OPEC production during the past month.
Abdul Hamid Dbeibeh has dismissed Mustafa Sanalla, chairman of the National Oil Corporation (NOC), according to a classified governmental decree seen by The Libya Update.
Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
Italian company Eni has taken note of the Libyan government’s proposal to reduce gas exports to the company by 25 percent, according to Italian news agency Nova.
Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia, according to Reuters.
The National Oil Corporation (NOC), Libya’s state-owned oil company, declared on Thursday force majeure in Sidra, Ras Lanuf and El-Feel oilfields due to shutdowns which caused $3 billion loss (16 billion Libyan dinars).
Libya’s National Oil Corporation (NOC) said on Thursday that it plans to reopen the Mabruk oilfield in the first quarter of 2023 with production up to 25,000 barrels per day.
U.S. Ambassador to Libya, Richard Norland, held talks on Tuesday with outgoing prime minister, Abdul Hamid Dbeibeh, at Libyan government headquarters in Tripoli.