Tag Archives: Libya

Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.

NOC has lifted force majeure on El Feel oilfield. which was declared on February 23 this year.

The Libyan National Army contends that some of the oil revenue flowing from the NOC to the Libyan government is diverted to fund rival militias.

Transparency about spending would enable Libyans to see who is getting what from Libya oil.

Haftar had claimed that oil money was being used to support terrorists.

Production has plummeted by about 850.000 barrels per day (bpd) from little more than one million bpd.

Libya’s National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday.

Five conditions are needed to solve the crisis to get it over with the terrorist groups.

The NOC had warned of daily losses of $67.4 million and extensive disruption to oil. gas and power operations.

All of Libya’s natural resources and facilities should be returned to the recognized Libyan authorities as soon as possible.