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Tag Archives: Mustafa Sanalla

NOC Says Libya Cannot Abide By OPEC Oil Production Cuts

(Author: Libyan Gazette Editorial Staff) On Sunday, Libya’s state oil corporation announced that it will not get involved with the Organization of the Petroleum Exporting Countries (OPEC)’s oil production cuts in the the “foreseeable future”. According to the National Oil Corporation (NOC)’s Chairman Mustafa Sanalla, since Libya has only recently …

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World Bank Warns of Weak Libyan Economy

(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 …

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Libyan Economy Strengthens as Oil Production Resume

(Author: Libyan Gazette Editorial Staff) It has been five years since Libya’s oil industry was operating at full capacity and only recently were Libyans able to reopen the country’s major oil ports to resume oil production and exports. Before the 2011 uprising, Libya was producing around 1.6 million barrels per …

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Libya Resumes Oil Production at Major Oil Terminals

(Author: Libyan Gazette Editorial Staff) The National Oil Corporation (NOC), Libya’s state oil company, announced on Thursday that force majeure has been lifted on Libya’s biggest oil terminals and exporting will begin shortly. “Exports will resume immediately from Zueitina and Ras Lanuf, and will continue at Brega … exports will …

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Libya’s Southern Oil Fields Shut Down

(Author: Libyan Gazette Editorial Staff) The Petroleum Facilities Guard (PFG) stopped oil production of two oilfields after the Libyan unity Government (GNA) did not pay for the security of the oilfields, said Mohammad Ahmad Alkhbasha, a brigade commander on Tuesday. Alkhbasha said the PFG in the south closed the Gulf …

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