Libya | Egypt Oil & Gas - Part 9

Libya’s NOC Adds 2,900 b/d

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, according to Reuters. The well, whi...

Libya Pumps 1.25 MM b/d of Oil

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, Zawya reported. A...

Libya’s NOC to Increase Faregh Field Production

Libya’s National Oil Corporation (NOC) announced on November 11 the completion of its operational tests for the second development phase of Faregh field, according to Reuters. This will raise the gas production ...

Libya’s NOC Sees 21% MoM Hike

Libya’s state-run National Oil Corporation (NOC) announced that its October revenues grew by 21% month-on-month (MoM) to stand at $2.2 billion from $1.8 billion. NOC attributed the increase in revenues to the im...

Libya’s NOC, Algeria’s Sonatrach Cooperate to Boost Production

Libya’s National Oil Corporation (NOC)’s Chairman, Mustafa Sanalla, met with Sonatrach’s Chairman and CEO, Rachid Hachichi, along with their respective delegations to discuss potential joint cooperation between the tw...

Egypt Contributes to Libyan Oil Sector’s Reconstruction

The Egyptian Ministry of Petroleum and Mineral Resources has welcomed Libya’s National Oil Corporation’s Chairman and Libya’s Acting Oil Minister, Mustafa Sanallah, to discuss boosting bilateral cooperation in t...

Libya’s NOC Monthly Revenues Fall $1.8 B

Libya’s state-run National Oil Corporation (NOC) announced that its September revenues dropped by 11% to $1.8 billion from the previous month, Zawya reported. “Our strategy to increase production and stora...

Libyan NOC Gives Full Support to Its Employees

A subsidiary of National Oil Corporation (NOC), Brega Petroleum Marketing Company (BPMC), has stated that any intimidation of its employees is completely unacceptable and that further action should be taken, the Libya...

Libya Resumes Polyethylene Plant Production

Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO) has restarted production from its polyethylene factory, which had been shut in 2013, Pipeline Oil and Gas News reported. The plant began production on October 8...

Wintershall DEA Considers Exiting Libya

Wintershall DEA considers exiting Libya following a disagreement with the Libyan National Oil Corporation (NOC) over licenses, the German press reported according to Reuters. The German company’s management reportedly...

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