Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said they are considering the declaration of the state of force majeure within the next 72 hours unless production and shipping is resumed at the oil ports in the Gulf of Sirte.
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Libyan outgoing Prime Minister, Abdul Hamid Dbeibeh, announced Thursday his approval of the proposal of the Oil Minister, Mohamed Aoun, to change the board of directors of the National Oil Corporation (NOC), headed by Mustafa Sanalla.
Libyan Oil Minister, Mohamed Aoun, discussed with Director General of Eni North Africa – Libya branch, Antonio Bolsari, the possibility of future cooperation in developing offshore and onshore oilfields.
Libyan oil total production is at about 700,000 barrels per day (bpd), the Libyan oil minister Mohamed Oun told Reuters on Monday.
Libya’s oil output is holding up at about 700,000 barrels a day, helping ease fears the shutdown of ports and facilities by protesters had left production on the brink of collapse, according to a report by the Financial Times.
Libya’s daily oil production, which averaged 1.2 million barrels last year, is down by about 1.1 million barrels, Oil Minister Mohamed Oun told Bloomberg on Monday.
Libya is missing out on the opportunity to generate revenues of $60 million a day against the backdrop of the…
Libya is planning to prioritize a $3 billion offshore expansion project to be undertaken by its biggest oil and gas…
The oil port of Zueitina received today the first oil tanker, the Melos 21, after the state of force majeure…
OPEC+ ministers are set to meet on Thursday and are expected to agree to raise production targets by 432,000 barrels per day (bpd) for June, four OPEC+ delegates told Reuters.