Tag Archives: Libyan Express

The National Oil Corporation (NOC) said on Wednesday, that Libya is currently losing more than 550,000 barrels per day of oil production due to the closures imposed on major export fields and ports, Reuters reported. The closures carried out by individuals who present themselves as youth groups or notables in …

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. …

The 12th OPEC and non-OPEC Ministerial Meeting took place this last week and concluded on Thursday with the participation of the head of the National Oil Cooperation, Mustafa Sunallah, representing Libya and its oil interests. The meeting evaluated the state of the international oil market in terms of supplies, demand …

Libya’s warring sides have agreed to unify forces that protect oil facilities following the United Nations-sponsored talks with the head of the country’s National Oil Corporation (NOC). The talks were held on Monday in Brega, part of the coastal area known as the Oil Crescent. “Today in this historic location, …

Fezzan is the historic name of the southern region of Libya where El Sharara oilfield is located.

Four Libyan oil export ports that were closed last week because of bad weather have reopened.

Libya is currently producing 1 million bpd of oil on average and plans to increase output.

Global Risk Insights reported recently that fighting for the Libyan oil crescent region is not over.

The NOC shut the oilfield in the aftermath of the incident and 160.000 bpd are lost from the Total output of Libya'.s crude.

The EU fully supports the Presidential Council and its efforts to stabilize Libya.