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Economy

Fuel supply for 22 stations in the western region stopped

The Fuel and Gas Crisis Committee announced it had stopped fueling 22 stations in Zuwara, Abukmash and Zelten. The Committee said on its official page on Sunday, Zawiya oil warehouse was prevented from providing these stations with fuel and were referred to the Office of the Attorney General and Criminal …

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NOC withholds Total stake in Al Waha oil field

The National Oil Corporation (NOC) is withholding French company Total’s stake in Al-Waha oil concession. A source from NOC told Reuters, the company is withholding the company’s stake due to a dispute over the company’s purchase of American Marathon’s Oil stake in the concession two months ago. The source pointed …

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GECOL says Sabha northern station was robbed

The General Electricity Company of Libya (GECOL) said the Sabha northern power plant, 220 kV, was sabotaged and robbed by unknown individuals. GECOL media director, Mohamed Al-Takouri said in a statement to ArraedLG on Tuesday, an unknown group had stolen a quantity of copper and messed with some of the …

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Tobruk Airport director resigns

The general manager of Tobruk Airport, Hassan Halil resigned on Monday from his duties. Halil attributed the reason for his resignation, in a statement obtained by ArraedLG, to the overlap of authorities and the inability of the State to support the strategy developed to upgrade the work and provide the …

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Sirte Oil’s production reaches 61 thousand bpd

Sirte Oil and company announced on Saturday, production of oil reached 61 thousand barrels per day. Director of financial and administrative affairs at the company, Mohamed Hmeda told Reuters, the company hopes to increase production to 90,000 barrels per day, noting that there is a shortage of some equipment to …

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We informed NOC of plans to buy Marathon Oil, says Total

French oil giant Total reported that it had informed the Libyan authorities in advance of plans to acquire Marathon Oil’s stake in the Al Waha oilfield for $ 450 million. A spokesperson for the French company told Reuters on Wednesday, the company is currently in talks with the National Oil …

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