Economy

Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, on Saturday, expected the end of the development of the empty field by Al-Waha Oil Company, which will supply Al-Sireer station with electricity at the beginning of 2019. In a meeting held at the company’s headquarters in Benghazi with the presence …

Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, said that the oil sector faces great challenges, and that the workers face difficult circumstances as a result of what is “woven from plots and violations” and closure of oilfields, which are all attempts to undermine the role of the corporation …

The National Oil Corporation (NOC), on Sunday, said that the continuation of the shut down of Al-Sharara field costs the economy $32.5 million a day. On its official site, the company stated on Saturday that the halt of the field will cause daily losses in production, estimatedly at 315 thousand barrels …

Brent crude climbed 4.5 percent on Monday to $ 62.35 a barrel after Qatar withdrew from the Organization of the Petroleum Exporting Countries (OPEC) as of Jan. 1, 2019. Oil prices also rose 5 percent after the United States and China agreed not to impose any new tariffs for 90 …

The National Oil Corporation (NOC) chairman, Mustafa Sanalla that the institution will not hesitate in carrying out its duties and responsibilities towards securing the source of the people’s income until the country reaches safety. During his visit to the injured staff of the NOC, Sanalla stressed that the safety of …

The National Oil Corporation (NOC) chairman, Mustafa Sanalla said on Monday “the attack on the headquarters of the Corporation shows the fragility of the security situation in the country”. Sanalla stressed the importance of additional security measures to ensure that the NOC is able to withstand those who seek to …

Sirt Oil Company announced that it had taken control of a fire that broke out in Zelten oil field. A source from the field told Reuters on Saturday that one employee was injured in the fire, which was caused by leakage at a field treatment plant.   In December last …

Brega Company for Oil Marketing assured citizens that fuel of all types is available in all warehouses of the company. The company said on its official page on Tuesday that the distribution is going directly from the tanker at the port of Tripoli to the maritime distribution companies, and is …

The National Oil Corporation (NOC) confirmed the availability of fuel despite the armed clashes taking place in the south of Tripoli. The NOC said on its official website on Sunday that there are alternative plans prepared by Brega Oil Marketing Company to market oil in advance to continue work on …

The head of the United Nations Support Mission in Libya (UNSMIL), Ghassan Salame said that the Mission not only supports economic reforms, but also is rushing for their implementation and facilitates the employment of the necessary monetary, financial and economic reforms. Salame said in a press statement on Wednesday that …