First Independent Mena Newspaper
The US State Department Tuesday called on the armed men that occupied Libya’s Sharara oil field in the desert, south of the country, to hand over the oil facility to the National Oil Corporation (NOC), which has declared force majeure. “The United States continues to monitor the situation at the Sharara oil field and echoes […]
Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, the chairman of the state-run National Oil Corp told Bloomberg. The statement comes as the country’s capital has sank in a spiral of violence opposing rival militias. Output reached recently 1.278 […]
Two staff members of the National Oil Corporation (NOC) were killed Monday after ‘masked’ men allegedly associated to the Islamic State group (ISIS) attacked the Tripoli-based headquarters of the critical institution still ensuring revenues to the country. Several men reportedly stormed the glass-fronted building of the institution managing the country’s oil industry. Gunfire and explosions […]
Libya’s oil production and export operations will resume to normal levels after General Khalifa Haftar, the military strongman controlling eastern Libya, agreed to allow four export ports (Ras Lanuf, Es Sider, Zueitina and Hariga) to reopen. The announcement was made Wednesday by the country’s National Oil Corporation, the only Libyan authorized body to export the […]
The United Nations Chief Wednesday urged Libyan eastern authorities to surrender the country’s oil installations to Tripoli-based National Oil Corporation (NOC) operating under the wig of the UN-backed Government of National Accord (GNA). “The Secretary-General recalls, as stipulated in Security Council resolution 2259 (2015), the need for unity of Libyan institutions and the exclusive right […]
The Libyan National Army (LNA), controlled by east-based warlord Khalifa Haftar, has announced taking back Libya’s two main oil ports after overcoming rival forces that lost control over the ports in September 2016. LNA spokesperson Ahmed al-Mismari Thursday said Ras Lanuf and Es Sider had been secured following days of battle with rival forces who […]
A group of unidentified youth in the Libyan eastern town of Marada has vowed to shut down oil fields over lack of employment and social services. The youth in a statement complained about an absent state, lack of health care and other services, and Marada town’s lack of road links to other communities. “We, the […]
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 […]
French Prime Minister Bernard Cazeneuve Friday in Tunis underlined France’s stance on the control of the Libyan oil saying that the National Oil Corporation (NOC) must align with UN-backed Presidency Council (PC). The French leader met with PC head Faiez Serraj in the Tunisian capital as a gesture of support for the weak UN-sponsored Libya […]
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 […]