Headlines Libya

Libyan court postpones former NOC chairman’s appeal for second time

The South Tripoli Court of Appeals has once again postponed its ruling on the case of former chairman of the National Oil Corporation (NOC), Mustafa Sanalla, to September 7, reports say. Sanalla appealed in July before the judiciary his removal from the chairmanship of the NOC by Tripoli-based Prime Minister Abdulhamid Dbeibeh. He rejected Dbeibeh’s […]

Energy Headlines Libya

Tripoli-based PM Abdelhamid Dbeibeh removes NOC Chairman Mustafa Sanalla

Abdelhamid Dbeibeh, one of Libya’s rival Premiers, has sacked the Chairman of the National Oil Corporation (NOC) Mustafa Sanalla, local media Libya Update has learned. Dbeibeh’s administration, which is based in capital Tripoli, replaced Sanalla with Farhat Omar Bengdara, who served as Libya’s Central Bank Governor from 2007 to 2011, the media notes citing a […]

Energy Headlines Libya

Libya: HoR Energy Committee warns against replacement of NOC board of directors

The Energy Committee of the House of Representatives (HoR) has cautioned against any step that could obstruct the work of the National Oil Corporation (NOC) and called for keeping the company away from the ongoing political strife and conflicts, reports say. The reaction came few days after Prime Minister Abdul Hamid Dbeibah agreed to discuss […]

Energy Headlines Libya

Libya’s Oil minister renews suspension of NOC chairman

Libya’s Oil Minister has suspended for the second time the chairman of the National Oil Corporation (NOC) and referred him for administrative investigation less than a month after Prime Minister Abdelhamid Dbeibah defused the crisis between the two institutions. NOC boss Mustafa Sanalla, under a decree (50/2021) issued by the oil ministry held by Mohamed […]

Energy Headlines Libya Maghreb

Libya: NOC, target of foreign countries – Firm’s boss

Head of the Libyan National Oil Corporation (NOC) has finger-pointed foreign countries, which, he said, are targeting the national oil firm that has refused to take sides in the ongoing military offensive on Tripoli waged by east-based Field Marshal Khalifa Haftar. “The country is experiencing dangerous levels of disinformation. These campaigns, many directed at NOC […]

Headlines Libya

Libya: Sharara oil field will remain shut down until rebels leave, NOC Chief

The head of the Libyan National Oil Corporation (NOC) Tuesday said Sharara oil field, the country’s largest with a production capacity of 340,000 barrels per day, will remain shut down until rebels evacuate the oil facility they have been holding since December. “The armed group attempting to hold NOC and Libya’s economic recovery to ransom […]

Business Energy Finance

Libya: Moroccan BMCE Bank set to attract new investors

Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]

Energy Headlines Libya

Russia Deepens Foothold in Libya, Pro-Putin Firm Signs Oil exploration & production deal

Russia’s oil firm Rosneft has signed cooperation framework agreement with Libya’s National Oil Corporation (NOC) opening the door wide to Russian investments as Moscow deepens its foray into the chaotic North African country. The agreement signed between Rosneft’s Igor Sechin and NOC’s Mustafa Sanalla in London on Monday allows the Russian company to explore Libya’s […]

Headlines Libya

Libya: HoR-backed army Chief of staff threatens to attack oil tankers unauthorized by HoR

UNSMIL Head Martin Kobler Monday received a blow as Libyan army commander backed by the House of Representatives (HoR) threatened to attack any oil vessels entering Libyan waters if not authorized by National Oil Company (NOC) recognized by the HoR. Army Chief of staff Abdelrazak Nazhuri said the vessels will be attacked by army aviation […]

Energy Headlines Libya

Libya: NOC Chairman warns Kobler, GNA and PC of “terrible” agreement

National Oil Corporation (NOC) chairman Mustafa Sanalla sent a letter to UN special envoy Martin Kobler warning him of the consequences of his meeting with “one of the most despised individuals” in Libya, Ibrahim Jadhran, ahead of announcing an agreement to open ports blockaded by Jadhran for almost 3years. A dismayed Sanalla discouraged Kobler from […]