Tag Archives: National Oil Corporation

Representatives of the Central Bank of Libya, as well as its parallel bank in Al-Bayda, the National Oil Corporation and the Audit Bureau are discussing ways to unify the state budget for next year and adjusting the exchange rate. During their meeting in Tunis on Sunday, the bank and the …

Libya’s oil production passes 900,000 barrels per day (BPD), inching the country closer to 1 million BPD by July.

(Author: Libyan Gazette Editorial Staff) Libyan Prime Minister Fayez Al-Sarraj announced on Sunday that talks between oil officials and municipalities in Libya’s western region are taking place in hopes of raising oil production levels by 380,000 barrels per day. According to officials, the current levels of oil production in Libya …

(Author: Libyan Gazette Editorial Staff) Oil exports from Libya have increased significantly since force majeure was lifted on three of the North African country’s major oil facilities. On Wednesday, Mustafa Sanalla, the chairman of Libya’s National Oil Corporation, said current oil production in Libya has reached 540,000 barrels of oil …

(Author: Libyan Gazette Editorial Staff) On Monday, the Arabian Gulf Oil Company (AGOCO) reported that its oil production has increased from 290,000 barrels per day last week to 320,000 bpd. According to Omran al-Zwai, a spokesman from AGOCO, production at Sarir oil field increased to about 200,000 bpd and Nafoura …

(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 …

(Author: Libyan Gazette Editorial Staff) On Sunday, Prime Minister Fayez al-Sarraj called for a national reconciliation effort to resolve Libya’s divisions. In an interview with Reuters at the UN headquarters in New York, Sarraj stated that the battle to liberate Sirte from ISIS is in its final stages despite setbacks …

(Author: Libyan Gazette Editorial Staff) The US and five European countries are calling on General Khalifa Haftar to withdraw his forces from the oil terminals he seized earlier this week, according to a statement released by the six governments late Monday. The UN-backed Libyan unity Government (GNA) has called on …

(Author: Libyan Gazette Editorial Staff) Abdul-Magid Breish, who claims to be the chairman of the Libyan Investment Authority (LIA), said on Monday that he disapproves the appointment of a panel by the UN-backed Libyan unity government (GNA). Breish said that because he was not officially told to resign, he will …

(Author: Libyan Gazette Editorial Staff) An Oil tanker sent by the Libyan National Oil Corporation (NOC) began to load a shipment of oil on Thursday from the Zueitina oil port after forces loyal to General Khalifa Haftar allowed the tanker to dock, said an official from the port. Earlier this …

(Author: Libyan Gazette Editorial Staff) France released a joint statement on behalf of the French government, Britain, Germany, the United States, Italy and Spain on Wednesday expressing support to the UN-backed unity government (GNA). The western allies said they were concerned with the constant power struggle over Al-Zueitina oil port …

(Author: Libyan Gazette Editorial Staff) An agreement to open two oil ports was finally reached between the UN-backed government in Tripoli (GNA) and the Petroleum Facilities Guard (PFG) which has been protecting the Ras Lanuf and Es Sider oil ports in eastern Libya. The ports were shut down due to …

(Author: Libyan Gazette Editorial Staff) Libya’s oil output is quickly grinding to a halt due to the standoff between the National Oil Corporation (NOC), the official institution based in Tripoli, and the oil company based in Tobruk at the Marsa al-Hariga port. Production from the Messla and Sarir oil fields, …