First Independent Mena Newspaper
The Governments of the United States, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Turkey, the United Arab Emirates, and the United Kingdom jointly expressed on November 27 their full support for the United Nations’ roadmap aimed at achieving unity, stability, and lasting peace in Libya. The statement welcomed the UN Security Council’s extension of the […]
Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. The find was made by the Austrian energy company OMV through its Libyan branch, marking the firm’s first exploration activity in the region. According to the NOC’s statement released on Wednesday, October 29, preliminary tests […]
The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]
Libya’s National Oil Corporation (NOC) has announced plans to discontinue the oil-for-fuel system starting in March 2025, following a request from the Audit Bureau. The NOC has urged the Government to allocate the necessary funds for fuel supply operations, warning that any failure to do so will result in disruptions to critical services such as […]
Libya’s National Oil Corporation (NOC) announced this December that it has transferred over $14.8 billion in oil revenues to the Central Bank of Libya since the beginning of 2024. This substantial amount was sent through 23 separate transactions, highlighting the vital role of oil in sustaining Libya’s economy. According to the NOC’s statement, the precise […]
Libya’s Central Bank (CBL) Acting Governor, Abdul Fattah Ghaffar, held a pivotal meeting with Oil and Gas Minister Khalifa Abdul Sadiq and National Oil Corporation (NOC) Acting Chairman Masoud Suleiman. The meeting’s venue was the Central Bank headquarters in Tripoli, medias reported on September 10. The purpose of this high-level discussion was to explore strategies […]
On September 9, the General Electricity Company of Libya (GECOL) issued urgent alerts to both the Attorney General and the Chairman of the National Oil Corporation regarding a severe fuel shortage impacting power generation stations nationwide. In its letter to the Attorney General, GECOL outlined how the lack of natural gas and diesel is causing […]
On Monday September 2, the National Oil Corporation (NOC) declared force majeure on the El Feel oil field in southwestern Libya, citing circumstances beyond its control as the reason for this measure. According to the NOC’s statement, the declaration was necessitated by current issues affecting crude oil production in Mellitah, which have hindered its ability […]
An explosion at nitrogen unit of well A55 in the Entissar field of the Zueitina Oil Company caused Thursday the death of a worker and injuries to another, Libya’s state-run National Oil Corporation (NOC) announced, Libya Observer reports. The casualty, the NOC indicated, was a worker from the Al-Nisr Company, which is carrying out work […]
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 […]