Browsing Tag

Oil

Libya’s state oil firm says May revenues hit $2.3 billion

The Libyan National Oil Corporation (NOC) said Thursday that it had recorded May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts - a monthly…

Two oil tankers explode after being hit in Gulf of Oman

Several of crew members have been rescued after abandoning two oil tankers hit by explosions in the Gulf of Oman.Ship operators said 21 crew on board the Kokuka Courageous and 23 on the Front Altair had been evacuated.Iran rescued…

Head of oil workers’ union kidnapped in eastern Libya

The Libyan National Oil Corporation (NOC) called for the safe return of Saad Dinar, the head of the Oil Workers’ Union, taken from near his home on the evening of April 29, 2019, by an armed group in Suluq, eastern Libya."NOC is…

Libya’s NOC reopens Sharara oilfield

Libya's National Oil Corporation says production is to resume within hours at the southwestern Sharara oil field after control was retaken from an armed group last month.The militia's blockade had cost the state oil company around $1.8…