The National Oil Corporation (NOC) announced that the Russian Tatneft Company has initiated the completion of drilling for the identified Well No. B-82 in the Hamada area in the Ghadames Basin, which is progress ceased in February 2011 at a depth of 3900 feet. The NOC indicated that Tatneft will …
Read More »Eni: Libya can Achieve Threefold Increase of Gas Production
The director of public relations at the Italian oil giant, Eni, said Libya could achieve a threefold increase of gas. The PR director said at the 10th edition of Shared Awareness and Conflict Resolution in the Mediterranean Conference, organized by EU Operation IRINI, that Eni wasn’t harmed in the last …
Read More »Libya’s NOC Announces Resumption of Exports at Major Ports
On Thursday, Libya’s National Oil Corporation (NOC) announced the resumption of export operations at the Es Sider and Ras Lanuf oil terminals, after several demonstrations. The NOC said in a statement that Chairman, Mustafa Sanalla held talks with local elders who had helped to end the protests. Protesters at those …
Read More »Libya’s Oil Output Drops as Pipelines Creak
The National Oil Corporation (NOC) said that oil production at Libya’s Gallo field will drop by about 70,000 barrels per day, after an oil pipeline leak that occurred yesterday. The corporation said in a statement that this reduction process will enable engineers to control the leakage of the 30-inch line, …
Read More »EU Hopes to Work in Renewable Energy Projects in Libya.
The EU has expressed hope that it can transfer its expertise in renewable energy and work in Libya on these projects. The EU Mission in Libya said, in a report posted to its SMS page, that in view of the constant power outage a large number of Europeans were keen …
Read More »Libya’s Oil Revenues Hit $1.322 Billion in May
Oil revenues for Libya reached record levels last May, as they recorded 1.322 billion dollars in crude oil and 53 million dollars in gas and condensates, the National Oil Corporation (NOC) announced on Sunday. The corporation said that net revenues for the month of May from sales of crude oil, …
Read More »Libya Plans to Increase Its Oil Output to 4 Million Barrels Per Day
On Saturday, Libya’s Oil Minister of the Government of National Unity (GNU), Mohamed Oun, said that Libya is planning to increase its output of crude oil to four million barrels per day (bps) within a year. During a visit of the government delegation to Paris, the Libyan Minister said that …
Read More »Gazprom Resumes Oil Production in Libya
The Russian majority state-owned multinational energy corporation Gazprom has resumed oil production in Libya following a ten-month hiatus. The ports, export terminals and production facilities in Libya have gradually restarted operations, according to a report by the Russian news agency Tass. The managing director of Gazprom’s subsidiary Gazprom EP International, …
Read More »Libya’s Oil Output Down to 1 Million Barrels per Day
Libya’s oil production has declined from 1.3 million barrels to 1 million per day due to rising debts, the head of the country’s National Oil Corporation (NOC) said on Thursday. Production may fall further as oil companies are unable to work under mounting debts, according to NOC chief Mustafa Sanallah. …
Read More »Another Libyan Oil Firm to Cut Production as Funding Row Worsens
One of Libya’s state oil producers said it would have to cut as much as 100,000 barrels a day of output this week, a further sign that a budgetary crisis is threatening the OPEC member’s energy industry. Sirte Oil Co. will be forced to “reduce production and halt it completely …
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