Libya’s NOC Announces Budget Delay to Decrease Oil Output
NOC has been facing continuous delays in receiving budget money from the Libyan government, stated Mustafa Sanalla, NOC's Head.
NOC has been facing continuous delays in receiving budget money from the Libyan government, stated Mustafa Sanalla, NOC's Head.
Algeria’s Sonatrack has packed a deal with the Libyan National Oil Corporation (NOC) to jointly operate a number of crude oil fields located between the two countries’ borders.
A key Libyan pipeline to the port at Es Sider was blown up on Tuesday.
Nafusa Oil Operations plans to begin producing 10,000 barrels per day (b/d) of oil from Block 47 in Libya’s Ghadames Basin.
Waha Oil Company, a subsidiary of the National Oil Corporation (NOC), has increased production by over 100,000 barrels per day (b/d) since this summer.
Libya’s Sharara oilfield suffered a new “security breach” on Sunday.
Production from the Libyan oilfield, Sara, has fallen by 50,000 barrels per day (b/d).
Militants closed the Mellita complex pipeline for 30 hours last week.
After a prolonged disruption, production at the Libyan oil fields of Sharara, El Feel, and Hamada has resumed.
Security disruptions continue to plague Libya’s oil production. The National Oil Company (NOC) has declared force majeure at two new oil fields.