Tag Archives: Libya National Oil Corporation

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 …

The head of the National Oil Corporation, Mustafa Sanalla, announced on Wednesday the opening of a procurement office in Houston, Texas to support the organization’s efforts to restore production capacity. He added that the office will place the corporation at the heart of the oil industry in America. In turn, …

  In Libya, the oil sector is one of the most important sources of income to the state budget. However in the several years that have passed, the sector has faced a handful of challenges, including attacks by armed groups or other impacts from armed clashes, which have forced the …

(Author: Libyan Gazette Editorial Staff) People frustrated by rising prices of everyday commodities are lining up outside of Tripoli’s cash strapped banks. A report recently released by the World Bank states that there has been a “substantial loss in real purchasing power of the population”, as the prices of groceries …