Oil & Gas Archives - Panorama Insurance Brokers

NOC looks fwd to Investment from UK Energy Firms

By John Lee. On 4th February the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, received the United Kingdom Ambassador to Libya, Nicholas Hopton, and his delegation at the NOC headquarters in Tripoli. According to a statement from the NOC, a number of topics were discussed, most notably the need to maintain the independence… Read More

Oil Production Resumes at Faregh Field

By John Lee. The National Oil Corporation (NOC) announced the restart of production at Waha Oil Company (WOC)‘s Faregh field on Thursday, nearly a year after it was shut down due to the closure of oil terminals in January 2020. After lifting the force majeure in September 2020, Waha began what it describes as difficult… Read More

Production Resumes at Waha Oil Company

Resuming production of Waha Oil Company after the completion of the necessary maintenance on the 32-inch Pipeline connecting the fields of Samah – Dhahra – to Es-Sider Terminal The National Oil Corporation (NOC) has announces that the Waha Oil Company has completed the necessary maintenance of the main crude oil pipeline connecting the Samah, Dhahra… Read More

NOC announces “Record” Revenues for December 2020

By John Lee. The National Oil Corporation (NOC) has announced that the general revenue for December 2020 of sales of crude oil, gas, condensates, petroleum products and petrochemicals have reached a record level of $1,115,210,431.95. The NOC said the funds were deposited in the National Oil Corporation’s account in the Libyan Foreign Bank (LFB) “in… Read More

NOC signs Contract for Water Assembly Tanks in Jado

National Oil Corporation signs a contract for Implementing 2 projects to construct water Assembly Tanks in Jado and Al-Rajaban Within the social responsibility programs of the National Oil Corporation (NOC) and under the auspices and financing of the consortium of the Spanish company Repsol, and through coordination with the committees formed by Akakus Oil Operations… Read More

Libya lost 92% of Oil & Gas Revenues in 2020

From Middle East Monitor, under a creative commons licence. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Official statistics have shown that Libya’s oil and gas revenues decreased by 92 per cent last year, as the blockade imposed for months on oil facilities… Read More

Libya’s GNMTC buys New Oil Tanker

By John Lee. Libya’s General National Maritime Transport Company (GNMTC) has announced the acquisition of a new crude oil tanker, the Ebn Hawkel. The company said the acquisition is the start of the first phase of the renewal of its fleet, and will contribute to the company realizing its future plans. (Source: GNMTC)

US to help NOC improve its Strategic Plan

The National Oil Corporation (NOC) is launching a project to study and improve the NOC’s Strategic Plan and support corporate governance in the oil sector, in collaboration with the US Department of Energy. The NOC is partnering with the US Department of Energy to carry out a comprehensive study of the NOC’s medium to long-term… Read More