NASCO International

10/05/2021

Shell intends to hand back its Miskar and Hasdrubal interests to Tunisia in 2022, amid the company's plans to streamline its upstream.

14/03/2021

La production nationale de pétrole brut a augmenté de 19% en janvier 2021 par rapport à janvier 2020, pour se situer à 167 Mille tonne (kt). D’après le rapport mensuel du département de l’Energie sur la Conjoncture énergétique, « l’apport de Halk el Manzel qui vient d’entrer en prod...

02/10/2020

En Libye, la vague de délestages qui secoue le pays devrait bientôt prendre fin. Le pays a obtenu l’envoi de techniciens de Siemens pour la

02/07/2020

NOC confirms continuation of force majeure while awaiting lifting of blockade on oil ports by PFG



National Oil Corporation (NOC) confirms the continuation of force majeure on Hariga, Brega, Zueitina, Es Sider and Ras Lanuf ports, following orders by Major General Nagi al-Moghrabi, commander of the Petroleum Facilities Guard (PFG) in the Eastern Region, and Colonel Ali al-Jilani from Greater Sirte Operations Room, to NOC subsidiaries on January 17, 2020 to shut down oil exports.



NOC also confirms that it has issued instructions to all operating companies on 20 June 2020 to start preparing for the resumption of operations, in light of ongoing negotiations between the GNA, NOC and regional countries who stand behind this blockade. The talks which are supervised by the UN and US aim to allow the production to resume. An oil tanker is en route to Es Sider port to begin loading crude oil that is stored in the port tanks. Yet, the inactions and delays continue. Force majeure, which was originally imposed on January 18, 2020, will remain in place until Major General Nagi al-Moghrabi, PFG commander in the Eastern Region, permits the operating companies to resume exports.



NOC wants to clarify that the current framework of negotiations is limited to the resumption of production following revenue losses exceeding $6 billion as a result of this blockade, in addition to the significant damages to infrastructure and oil reservoirs. All oil revenues will continue to be deposited into the same accounts of the corporation. These revenues will be preserved for a specified period of time during which two parallel tracks are launched. One track will ensure financial transparency as well as equal opportunities and social justice among all Libyans. The other track will focus on the restructuring of security arrangements to protect oil facilities, in a way that ensures they are never used as a military target or a political bargaining chip again, this is especially important considering that disruption has led to overall losses in sales opportunities mounting to $231 billion since 2011. Unfortunately, other oil producing countries have taken advantage of this by compensating Libya's market share. Also, the infrastructure and oil reservoirs were damaged.



“We categorically deny all the rumours about opening new accounts and distributing those revenues to three regions by percentage. Those rumours are spread by people who are not involved in the negotiations and only reflect their personal points of view. NOC adheres to Libyan laws and procedures”, said NOC chairman Eng. Mustafa Sanalla.



“Our position consists of working to resume production in order to preserve the wealth of the Libyan people and serve its interests, and to avoid war at oil sites. We subscribe to the unity of Libya. We are against anything that would harm its unity and sovereignty and we will not be part of any action against that”, he added.

15/06/2020

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14/06/2020

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جريدة «الوسط» تتناول في عددها الجديد «238» وضع تحالف «أوبك+» استئناف الإنتاج في الحقول النفطية الليبية على أجندة اجتماعاته.

11/06/2020

09/06/2020

Libya’s National Oil Corporation (NOC)’s has condemned the crime committed by an armed group on the evening of Monday, June 8, 2020 which stormed the Sharara oilfield and pulled their … Read More

08/06/2020

🇱🇾GOOD NEWS🙂

Libya: resumption of production on a major oil fieldTripoli (AFP) The National Petroleum Company (NOC) announced on Sunday the resumption of production on one of the most important oil fields in Libya, blocked for months by the forces allied with the marshal Khalifa Haftar, strong man of the east of...

05/06/2020

🇱🇾 Libya oil production comes to halt, affects economy 😯

Militia leader Haftar closes oil facilities in central, eastern Libya to hurt economy and put pressure on Tripoli - Anadolu Agency

04/06/2020

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