Oil

A tribal leader in Libya's oil-producing region on Monday indicated tribes there were ending a blockade on output and exports, saying "we opened the oil", and have handed authority to Haftar's forces to negotiate a restart in production…

The Libyan National Oil Corporation (NOC) confirmed Monday there have been ongoing negotiations to resume oil production over the past several weeks with the between the GNA, NOC and regional countries, under the supervision of the UN and…

Russian and other foreign mercenaries have entered Libya's largest oil field - Sharara - the country's National Oil Corporation said Friday, describing the development as an attempt to thwart the resumption of halted oil production in…

The US Assistant Secretary for Near Eastern Bureau at the State Department, David Schenker, said Washington was investigating and trying to get to the bottom of reports that Khalifa Haftar’s plane was in the Venezuelan capital Caracas last…

The Libyan National Oil Corporation said the commander of the “Khalid bin al-Walid Battalion”, Yousif Hassan al-Tabawi, coerced workers at El Feel oilfield to stop production at the field again, only a few days after the Hamada valve…

The Libyan National Oil Corporation (NOC) announced the resumption of oil production at El Feel oilfield on Sunday and confirmed the lifting of force majeure on crude oil exports from the Sharara and El Feel fields as of Sunday and Monday…

Libya’s National Oil Corporation (NOC) on Sunday confirmed that some production has resumed at the giant Sharara oilfield in the south of the country, it said in a statement.Two engineers from the field told Reuters on Saturday that…

Libya's Sharara oilfield, the country's largest, will be reopened soon, the Head of the Petroleum Facilities Guards said on Saturday.Ali Al-Theib told a local TV Channel in Libya that work at the Sharara and El-Feel oilfields will be…

On Thursday, a French navy frigate intervened along with the United Nations to stop a tanker as it was on its way to load refined oil products from an eastern Libyan port in violation of UN sanctions.The illicit operation failed,…

The National Oil Corporation (NOC) of Libya said on Thursday that suspension of oil exports has caused losses of nearly 5 billion U.S. dollars."The total losses of the current suspension (of oil exports) have amounted to 4,943,976,768…

The total oil production inside Libya is down to 80,510 barrels a day, as of Monday April 13, 2020, while the forced restriction of oil and gas production by Khalifa Haftar's forces has caused financial losses exceeding $4,087,913,653 since…

The Libyan National Oil Corporation (NOC) confirmed in a statement on Saturday that the illegal closure of a gas pipeline which provides approximately 200 million cubic feet of gas daily to cement factories and to Al-Khoms and Misurata…

The Libyan National Oil Corporation (NOC) said the levels of oil production are down to 95,837 barrels per day as of March 22, a statement on the state-owned company’s Facebook page said on Tuesday.The Libyan NOC added that the dramatic…

The Libyan National Oil Corporation (NOC) has said that in the last few days, there has been an illegal shipment of aviation fuel into Libya, adding that it has informed the UN, GNA and numerous other governments of these clear violations…

Libya's National Oil Corporation (NOC) on Tuesday said that the suspension of oil exports because of the closure of oil fields and ports has caused a loss of more than 2 billion U.S. dollars so far."The NOC confirms that there has been…

The National Oil Corporation (NOC) confirmed Monday that it was forced to shut down the Zawiya refinery on Saturday, February 8, 2020 as a result of a valve closure in the Hamada region, on the main pipeline between Sharara field and Zawiya…

The state-owned Libyan National Oil Corporation (NOC) on Friday said that the suspension of oil exports due to closure of oil fields and ports has caused a loss of more than 1 billion U.S. dollars so far.The country's daily oil…

Total losses from the closure of Libya’s major oil fields and production facilities has accelerated, reaching more than $502 million over a 10-day period, the country’s National Oil Corporation (NOC) said Tuesday.The oil closures came…

The closure of Libya’s major oil fields and production facilities has resulted in losses of more than $255 million in the six-day period ending January 23, the country’s National Oil Corporation said on Saturday.The NOC added that its…

Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production and electricity blackouts in parts of the country, according to the…