Libya’s National Oil Company (NOC) declared that the country's oil production has dropped significantly in the week to January 24, 2020. The country's oil production reached 284,153 barrels per day of crude oil (b ...
Despite having some disruptions in Libya’s oil market, the global market will not be affected.
Oil prices witnessed a surge on January 20 after Libya's El Shahara and El Feel oilfields have been shut down, leading to halving the country's production.
Libya's El Shahara and El Feel oilfields were shut down on January 19 by a group representing the southern Libyan tribesmen.
Libya’s National Oil Company (NOC) stated that Wintershall Dea is going to invest in exploring Libya’s Sirte basin as its oil concession in Libya is converted to an EPSA IV format.
Total and Libya’s National Oil Corporation (NOC) inked a new agreement, allowing Total’s participation in the Waha concessions, located in the Sirte Basin in Libya.
The Libyan National Army (LNA) announced on Wednesday that it had restored Libya's 70,000-barrel-per-day (b/d) El Feel oil field from armed groups of the Government of National Accord (GNA).
Libya’s Arabian Gulf Company, a subsidiary of state oil firm National Oil Corporation (NOC), has began production at a rate of 2,900 barrels per day (b/d) from the Massila oilfield.
Libya is generating 1.25 million barrels per day (b/d) of oil and plans to increase production to 1.5 million b/d in 2020, the head of the state National Oil Corporation (NOC), Mustafa Sanalla, said.
Libya's National Oil Corporation (NOC) announced on November 11 the completion of its operational tests for the second development phase of Faregh field.
