Tag Archives: The Libya Observer

Ambassadors of several European Union countries reiterated Saturday to the Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah their full support for the NOC to regain oil production rates as before the January shutdown. Italy, Sweden, Denmark, Austria, Spain, Belgium, Norway, Finland, Poland, Hungary, and Holland’s ambassadors hailed …

The Turkish Minister of Energy and Natural Resources, Fatih Donmaz, said on Monday that several Turkish investors have agreements in Libya to install power stations to be run with natural gas. Donmaz added that a thousand megawatt power station in Tripoli is presently being implemented by a Turkish company which …

OPEC is to exempt Libya from a plan to slow down oil production for a period of two months, starting next May, due to the production lost through the closure of ports and fields by pro-Haftar militias east of Libya. The oil-exporting countries, with the exception of Mexico, have agreed …

Oil production had declined by 150 thousand barrels per day.

Sonatrach has transported its equipment on the Libyan territory to Algeria through the crossing border of Ghadames.

Libya hopes to obtain an exemption from possible reductions in oil production.

NOC has announced year-to-date revenue for 2018 of 13.6 billion dollars. hitting the highest revenue since 2013.