Joint statement by France, Italy, UK, and US welcomes return of oil terminals under legitimate NOC.
The Governments of France, Italy, the United Kingdom, and the United States, recalling their statement of 27 June 2018, welcome the announcement that Libya’s National Oil Corporation is resuming its vital work on behalf of all Libyans. We commend the legitimate National Oil Corporation as it repairs infrastructure, honors its…
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OctIran sanctions bypass will have no impact on shipping.
Iran’s oil customers are already calling a halt to tanker trades as the US continues to exert pressure on all countries and companies dealing with Iran. THE creation of a special payments system to facilitate trade with Iran and bypass the reimposition of US sanctions next month will have minimal…
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OctLibya’s state-owned oil firm, Eni, BP sign exploration resumption agreement
The Libyan National Oil Corporation (NOC), British Petroleum (BP) and Italy’s oil giant Eni have signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya, NOC revealed. NOC signed with Eni and BP a letter…
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OctCrude oil futures fall 1% on higher OPEC output survey
Brent crude futures were down more 1% in mid-morning trade in Asia Monday after OPEC producers increased crude output in September, easing global supply concerns. OPEC’s 15 countries boosted crude oil output in September to 33.07 million b/d, an 180,000 b/d rise from August, according to a source. OPEC has…
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OctRussia and Libya discuss oil exploration work.
The CEO of the Russian exploration company Rosgeologia (Rosgeo), Roman Panov, discussed with Mustafa Sanallah, the head of the Libyan National Oil Corporation (NOC), the conduction of exploration works in Libya, the Russian company said in a statement on Friday. “During the meeting the parties discussed further steps on the…
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