First Independent Mena Newspaper
Libya’s National Oil Corporation (NOC) has signed on Wednesday, June 10, a unified operating agreement with international partners aimed at improving efficiency and coordination in the (I/R) field within the Murzuq Basin in southwestern Libya. The agreement involves partners in concessions NC115 and NC186, including Akakus Oil Operations, TotalEnergies, Repsol, Equinor and OMV. It seeks […]
The National Oil Corporation (NOC) has signed the Oil and Gas Methane Partnership (OGMP), a United Nations-backed initiative aimed at reducing methane emissions in the energy sector. In a statement, the NOC said on February 10 its Chairman, Masoud Suleiman, formalized the agreement, making the Corporation a member of the group operating under the supervision […]
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) has announced plans to invite foreign investment into the country’s oil and gas sector, offering 22 onshore and offshore exploration areas in 2025. This move, the first public bidding round in over 18 years, has raised debates regarding whether it is a genuine attempt to develop the sector or […]
The Arabian Gulf Oil Company (AGOCO), National Construction, and Al-Jawf companies have issued a stern warning regarding the adverse effects of delayed operational budget disbursements, describing this as a significant barrier to projects aimed at boosting production. The companies raised these concerns during the first session of the General Assembly of the National Oil Corporation […]
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication of workers at production sites across the country, despite persistent challenges such as delays in the disbursement of the […]
A source familiar with Libya’s oil sector has alleged that the National Oil Corporation (NOC) is publishing inflated production figures to evade accountability for the utilization of a 60 billion Libyan dinar budget allocated to increase oil output. According to the source, OPEC’s monthly report, released on December 13, 2024, stated that Libya’s crude oil […]
Libya’s state-owned National Oil Corporation (NOC) declared force majeure at its 120,000 b/d Zawiya refinery on Sunday following clashes between armed groups near the facility. NOC said a number of storage tanks were hit, causing fires. These were subsequently brought under control, it added. Zawiya is Libya’s largest operational refinery, with most of its production […]
The National Oil Corporation (NOC) announced on Wednesday the successful drilling and restarting of five new wells since the start of October, with a combined production capacity of around 12,000 barrels per day (bpd). According to the NOC, Mellitah Company has restarted well “A-28” in the Abu Attifel oil field, a move aligned with the […]
The National Oil Corporation (NOC) has solidified strategic cooperation agreements with telecommunications providers Al-Madar, Libyana, and Hatif Libya, as part of the “Toward Smart Oil Cities” initiative. The primary objective of these agreements, signed on September 25, is to modernize and enhance digital infrastructure across Libya’s oil-producing regions. These agreements aim to incorporate state-of-the-art communication […]