Oil is frequently at the heart of political rivalries in Libya. Dispute comes three months into a blockade of key eastern oil facilities. The NOC has largely managed to remain neutral despite violence since the 2011 toppling of Moamer Kadhafi. A new chief took over at Libya’s National Oil Corporation on Thursday, replacing veteran … Read more
Libya’s National Oil Corporation (NOC) has made an announcement of the suspension of production at a mainly used oil field in the country’s south, declaring a “force majeure” due to a protest . Located in 750km (466 miles) southwest of Tripoli, the Al-Fil field is combinedly managed by the NOC and Italian energy giant ENI … Read more
TRIPOLI: Five Western nations have urged Libyans not to drag the National Oil Corporation into political disputes that could threaten the country’s fragile peace. The statement came with the NOC’s chief and the interim oil minister in a standoff. “All actors” should “respect the unity, integrity, and independence” of the NOC, said the statement from … Read more
TRIPOLI: Libya’s lifeline oil and gas exports raised revenues of more than $21.5 billion in 2021, the highest level in five years, the National Oil Corporation announced. Total net revenues for oil and gas exports last year amounted to $21.5 billion as well as 30 million euros in non-dollar sales, the state-run NOC said in … Read more
TRIPOLI: Libya’s only operational oil refinery was “severely” damaged after gunmen battled for three hours around the complex, the National Oil Corporation said. “The Zawiya Oil Complex was severely damaged as a result of skirmishes by armed groups,” Libya’s state oil company NOC said late Tuesday. “Those involved held no regard for the lives of workers … Read more
