LIFECo resumes ammonia production at plant 2
LIFECo, the Libyan-Norwegian joint venture Fertilizer Company announced yesterday that it had resumed production of ammonia – the first stage of fertilizer production. LIFECo said that production had started at its second ammonia plant AMM2 to be followed directly by production at its first ammonia plant. It reported that the…
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JulChairman of Libya’s state oil firm Sanallah wins Chief Executive of the Year award at the Petroleum Economist Annual Awards.
The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah was named Tuesday the Chief Executive of the Year at the Petroleum Economist Annual Awards gala ceremony in London. The award for Sanallah came as his international peers recognized NOC’s success in restoring oil production to around one…
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NovLibyan oil production exceeds one million barrels per day
The country’s crude production rose to 1.012 million barrels per day (bpd) to more than 1 million barrels for the first time in four years, a Libyan oil source said on Friday. The National Oil Corporation (NOC) has been targeting production to 1 million bpd by the end of october….
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OctNOC seeks to expand business with US companies and puts local development among the priorities in its contracts.
The head of the National Oil Corporation (NOC), Mustafa Sannallah, announced today the opening of a procurement office in Houston, Texas, to support the Foundation’s efforts to restore production capacity. “The Houston office will put US-based companies with world-class equipment, technology and oilfield services at the center of our procurement…
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NovProduct tankers: Bulls are arriving… hopefully.
HOPES of an early recovery in product tanker earnings this year have not materialised, with persistent oversupply and destocking works still in progress. But fear not, optimists: there is always next year. Long range two vessels are expected to achieve time charter equivalent rates of $15,781 per day in…
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