OIL AND GAS

September 17, 2020

Libya: Oil production shutdown costs $9bn in 2020

The closure of oil production in Libya has resulted in $9 billion in lost revenue since the start of the year, the Central Bank of Libya revealed.

The financial institution announced in this year’s budget"...

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September 15, 2020

Siemens and ENKA inspect construction sites ahead of starting 1,300 MW power projects

  • Germany’s Siemens and Turkey’s ENKA inspect new project site
  • Tripoli West and Misrata construction sites
  • Implementing contractors inspect logistics and security at sites
  • Power generation projects to produce new 1,300 MW
  • Generation needed to help Libya’s c. 1,300 MW generation deficit
  • Power...

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September 14, 2020

Revenue losses due to oil closure approach 10 billion dollars

The National Oil Corporation (NOC) announced on Sunday that losses due to the stoppage of production and exports amounted to 9.8 billion dollars since last January, noting that the period of closure has now reached 240 days.

The"...

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September 13, 2020

Exchange of fire at Sharara oilfield, death and injury reported, assets stolen: NOC

Libya’s state National Oil Corporation (NOC) said it was deeply concerned yesterday about the continued exposure in recent days of Akakus Oil Operation Company’s Sharara field to security breaches threatening the lives of employees and the safety of its facilities.

It"...

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September 10, 2020

AGOCO and Zawia Oil Refinery shut down due to Coronavirus spread

As Libya’s Coronavirus continues to spread at an exponential, and Libya’s authorities fail to control it, Arabian Gulf Oil Company (AGOCO) in eastern Libya and Zawia Oil Refinery in western Libya suspend operations.

As"...

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September 10, 2020

Libya's NOC says warship docked at Ras Lanuf oil port

The Libyan National Oil Corporation (NOC) has reported the presence of a warship in Ras Lanuf oil port, adding in a statement on Facebook that the warship entered the terminal on Saturday, 05 September 2020, and at present remains in port.

'In"...

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September 9, 2020

AKIPCON Tackles ExxonMobil over Gas Flaring

The Akwa Ibom Oil Producing Community Development Network (AKIPCON) has demanded payment of compensation from Exxonmobil for communities affected by the negative impact of gas flaring on social and economic needs of the people.

Interacting"...

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September 9, 2020

NOC halts operations in several sites as Libya suffers more Covid-19 cases

The National Oil Corporation (NOC) has decided to temporarily halt operations at two of its units, in a precautionary measure to confront an outbreak of the Coronavirus in its sites.

The Zawiya Oil Refining Company"...

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September 8, 2020

Sirte Steam Power Plant up and Running

Tripoli, 7 September 2020(Lana) Libyan engineers working for the General Electricity Company have succeeded in getting the Sirte Steam plant up and running again and connected to the national grid.

Getting"...

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September 8, 2020

Brega restarts its Tripoli cooking gas cylinder refilling depot

Brega Marketing Company, the National Oil Corporation’s (NOC) subsidiary charged with importing and distributing fuels, cooking gas and mechanical oils, announced yesterday that its Tripoli cooking gas cylinder refilling depot will restart operations today. The Tripoli Fuel Depot"...

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