OPEC Pumps At Highest In 2018, But Iran Slump Curbs Supply Boost
OPEC’s oil production in September rose by 90,000 bpd from August to 32.85 million bpd—the highest level so far this year, but a plunge in Iranian production partly offset higher production in Saudi Arabia, Angola, and Libya. Oil production in Iran dropped by 100,000 bpd from August to stand at…
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OctLibya Looks To Bring Majors Back To Its Oil Industry
Libya’s National Oil Corporation (NOC) is holding talks with international oil companies that could result in increased investment and production in Libya’s oil industry, if security across the country improves. Libya’s oil production has just hit its highest level since 2013, Sanalla said earlier this week. The security situation in…
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OctLibya’s AGOCO resumes 3,000 bpd production at abandoned well in Messla.
Libya’s National Oil Corporation (NOC) said on Saturday its subsidiary the Arabian Gulf Oil Company (AGOCO) had restored production at 3,000 barrels of oil per day (bpd) at an abandoned well in the eastern Messla field. After 6 years of inactivity, production resumed at the well (HH86-65) using the latest…
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SepNOC headquarters attacked
Unknown armed assailants attacked National Oil Corporation (NOC) headquarters at 9am local time in Tripoli Monday morning, September 10, 2018. Two NOC staff were killed in the attack. Additionally 10 employees were injured who have been evacuated to hospital for treatment. According to NOC chairman Eng. Mustafa Sanalla who was…
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SepLibya’s oil firm secures the highest revenue since 2013.
The National Oil Corporation (NOC) has announced year-to-date revenue for 2018 of 13.6 billion dollars, hitting the highest revenue since 2013. “Notwithstanding the recent Gulf of Sirte crisis and other national operational challenges, NOC 2018 year-to-date revenue has already eclipsed the 2017 total (13 billion USD).” The NOC said in…
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