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Ras Lanuf announces storage tank out of danger

Ras Lanuf oil and gas processing corporation announced on Wednesday that Harouge oil company storage tank is out of danger. The company said on its official page, the weather and wind direction helped to keep the fire away from the tanks 1 and 3 adjacent to the burning tank. The …

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UK in contact with Security Council regarding oil crescent

British Ambassador to Libya, Frank Baker described on Wednesday the clashes in the oil crescent area as “terrorist”, stressing that his country will deal with it in a “serious” manner. In a meeting with the chairman of the National Oil Corporation (NOC), Mustafa Sanallah, Baker said Britain is “strongly opposed” …

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NOC reports nearly half a million barrels of oil loss

An official at the National Oil Corporation (NOC) said on Monday the situation in Harouge reservoir is critical and catastrophic. The official, who asked not to be named, said in a statement to ArraedLG, the NOC had lost oil reservoirs 2, 12, and 400,000 barrels of crude oil, which caused …

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Algeria starts preparing to export electricity to Libya

Algerian Energy Minister Mustafa Guitouni said his country will export 3,000 megawatts of power to Libya in the coming years. According to the Algerian news agency, Guitouni said on Sunday, work is currently underway to complete and strengthen the transfer of this energy between Algeria, Libya and Tunisia, pointing out …

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NOC welcomes sanctions by Security Council on smugglers

The National Oil Corporation (NOC) welcomed on Saturday the Security Council’s decision to impose sanctions on six people for involvement in smuggling and human trafficking. The NOC chairman, Mustafa Sanallah praised the decision and the efforts of the international community to bring individuals “beneficiaries” of smuggling to justice. According to …

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World Gold Council estimates Libya’s reserves at 117 tons

The World Gold Council estimated on Sunday Libya’s reserves of gold at 117 tons, while the Arab countries collectively have 1006 tons. Libya ranked third in the gold reserves, while Saudi Arabia topped the list with 323 tons. The United Arab Emirates came in last with only 8 tons.   World Gold …

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