NOC seeks joint cooperation with DeGolyer and MacNaughton

NOC seeks joint cooperation with DeGolyer and MacNaughton

November 2019 - Chairman of the National Oil Corporation (NOC), Mustafa Sanallah has discussed with the Chairman and Chief Executive Officer of the global petroleum consulting company DeGolyer and MacNaughton, John Wallace, joint cooperation activities between both...

Libya, Italy sign commercial arbitration cooperation agreement

Libya, Italy sign commercial arbitration cooperation agreement

November 2019 - The third world commercial arbitration conference to boost investments in Libya was held on Wednesday in Milan to boost commercial relations between Italy and Libya. The two commercial arbitration centers in Italy and Libya signed at the conference an...

Libya’s NOC sets sights on 1.5m b/d oil output target

Libya’s NOC sets sights on 1.5m b/d oil output target

November 2019 - Libya’s main oil chief has set his sights on boosting oil production to 1.50 million b/d in 2020 from current levels of 1.25 million b/d, as the country’s oil production and exports have been largely unaffected this year despite the civil unrest...

Libya’s NOC sets out big plans in international pitch

Libya’s NOC sets out big plans in international pitch

November 2019 - Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis. The plan is for 2020 to be a “transformative year for...

LMorocco hosts 1st Libyan investment economic forum

LMorocco hosts 1st Libyan investment economic forum

November 2019 - The first Libyan investment economic forum started on Monday in Morocco's capital Rabat.The event was organized by the Libyan General Union of the Chambers of Commerce, Industry and Agriculture with the sponsorship of the Presidential Council of...

Libya’s NOC October revenues rise 21% vs September

Libya’s NOC October revenues rise 21% vs September

November 2019 - Libya’s state-run National Oil Coporation (NOC) said on Sunday its October revenues rose 21% to $2.2 billion from $1.8 billion in September.Its revenues came from sales of crude oil, hydrocarbons, petroleum and petrochemical derivatives, as well as...

Petrofac secures three engineering contracts in MENA

Petrofac secures three engineering contracts in MENA

November 2019 - Petrofac will provide FEED and conceptualisation studies to clients in Oman and Libya following the award of a clutch of new contracts.In Oman, Petrofac will support Flare to Value LLC (F2V) by producing a basic engineering package to recover gas that...

Libya’s iron and steel company investigates using local minerals

Libya’s iron and steel company investigates using local minerals

November 2019 - Libya’s Misrata-based state Iron and Steel Company, LISCO, is investigating the possibility of using local minerals and ores for its production.The revelation came after a meeting last Wednesday in the company’s Misrata headquarters between LISCO and...

Libya wins membership of the United Nations Human Rights Council

Libya wins membership of the United Nations Human Rights Council

October 2019 - Libya has won the membership of the United Nations Human Rights Council among 14 other countries elected by the General Assembly of the International Organization to succeed the outgoing members of the Council held in Geneva, Switzerland.The Ministry of...

Benghazi pasta factory aims for January reopening

Benghazi pasta factory aims for January reopening

October 2019 - The Benghazi Pasta Factory aims to reopen by January next year, it was revealed yesterday.The revelation came after a meeting yesterday between the Chairman of the National Mills and Feed Company, the head of Benghazi Municipality and the head of the...

Russia’s Tatneft to resume operations in Libya

Russia’s Tatneft to resume operations in Libya

October 2019 - Director of the Russian oil and gas company Tatneft, Rustam Minnikhanov has confirmed the company's readiness to resume work in Libya, during the coming weeks.In his meeting with Libya’s National Oil Corporation (NOC) delegation on the sidelines of the...

Tripoli gov’t gives Libya’s NOC $1 billion in funding

Tripoli gov’t gives Libya’s NOC $1 billion in funding

October 2019 - Libya’s internationally recognised government said it had allocated 1.5 billion Libyan dinars ($1.06 billion) for the National Oil Corporation (NOC) to maintain oil production in 2019-2020, according to a resolution shared with journalists on...

Tajoura Municipality to launch investment projects within the town

Tajoura Municipality to launch investment projects within the town

October 2019 - The Municipality of Tajoura, east Tripoli, has offered five pieces of land, each of 5000 square meters, for investment.It explained on its Facebook page that the five pieces of land will be invested in establishing a children's playground, green areas...

Italy to kick off construction of coastal road project in Libya

Italy to kick off construction of coastal road project in Libya

September 2019 - The Libyan embassy in Rome said Italy and Libya's Presidential Council's government are going to start construction work of the coastal road in Libya as per the Friendship Agreement between the two countries.The embassy said on Sunday that the two...

The global competition over Libya spreads to Moscow and Beijing

The global competition over Libya spreads to Moscow and Beijing

September 2019 - On 26 August 2019, the G7 meeting in Biarritz, France, produced a common declaration on the world’s most pressing issues.The leaders of the largest and most advanced economies specifically mentioned the conflict in Libya.They called for a truce to...

Could solar power be the answer to Libya’s energy problems?

Could solar power be the answer to Libya’s energy problems?

September 2019 - At first glance, little about Libya would make it an enticing destination for the renewable energy industry. Political violence has wracked the country for the last eight years, and two factions, the Government of National Accord (GNA) and the Libyan...

Benghazi Asphalt Factory operational after 8-year closure

Benghazi Asphalt Factory operational after 8-year closure

September 2019 - The Benghazi Asphalt Factory became operational on Monday having been out of service since 2011, Brega Marketing Company, a subsidiary of the National Oil Corporation, reported Tuesday.The asphalt factory had received lengthy and long overdue...

Benghazi port bustling again despite Libya’s divisions

Benghazi port bustling again despite Libya’s divisions

September 2019 - BENGHAZI, Libya (Reuters) - The commercial port in Libya’s second city Benghazi is working round the clock three years after reopening, attempting to raise revenues for its restoration and expansion.The port was caught in the crossfire as rival...

Libya’s Audit Bureau calls for proper preparation of 2020 budget

Libya’s Audit Bureau calls for proper preparation of 2020 budget

September 2019 - The Libyan Audit Bureau has called on all authorities that are supposed to be funded by the 2020 budget of the country to exert efforts to prepare a well-studied budget for the next year.In a statement on Sunday, the Libyan Audit Bureau said that the...

Libya’s oil and gas revenues rose to $2.1 billion in July -NOC

Libya’s oil and gas revenues rose to $2.1 billion in July -NOC

September 2019 - Tripoli, Sept 1 (Reuters) - Libya’s National Oil Corporation (NOC) said on Sunday that its revenues rose to $2.1 billion in July, up 23% from the previous month.The company attributed the rise in revenues to an increase in the number of crude oil...

NOC seeks stronger partnership with Pakistan in oil and gas sector

NOC seeks stronger partnership with Pakistan in oil and gas sector

August 2019 - The Chairman of the National Oil Corporation (NOC) Mustafa Sanallah discussed with Pakistan Ambassador to Libya, Sajid Iqbal, ways of promoting synergies, especially in the oil sector.During the meeting, the Pakistani ambassador affirmed his country's...

Eni continues oil and gas initiative in Libya

Eni continues oil and gas initiative in Libya

August 2019 - Eni has long history in North Africa's oil and gas exploration. The meeting was also attended by the chairman of the National Oil Corporation (NOC) Mustafa Sanalla.Claudio Descalzi assured Sarraj the full commitment of the company to its operational...

LISCO exports steel shipment to Lebanon

LISCO exports steel shipment to Lebanon

August 2019 - Libya’s Misrata-based state-owned Iron and Steel Company (LISCO) announced yesterday that it has exported 5,000 tons of reinforced steel of different sizes to Lebanon.It said that it was in the process of making other exports both to other Arab countries...

NOC and Eni complete Phase 2 of Bahr Essalam gas project

NOC and Eni complete Phase 2 of Bahr Essalam gas project

August 2019 - Parties to expedite domestic gas supply and in-country renewable energy projectsNational Oil Corporation (NOC) and Italian oil major Eni announce the completion of Phase 2 of the Bahr Essalam offshore gas project, a joint venture between the two...

Head of Audit Bureau vows to solve US firms’ problems in Libya

Head of Audit Bureau vows to solve US firms’ problems in Libya

July 2019 - The Head of the Libyan Audit Bureau Ahmed Shakshak met with the members of the American Libyan Work Committee at the Libyan embassy in Washington in the presence of ambassador Wafaa Bugagais and a representative for the US State Department.The meeting...

Libya’s oil industry turns to China for help

Libya’s oil industry turns to China for help

July 2019 - Libya [National Oil Corporation] NOC representatives traveled to China to discuss China’s interest in helping to restore Libya’s oil industry that has suffered through years of civil unrest, according to the Libya Observer.While there, the Libyan...

NOC and Schlumberger to establish Benghazi training centre

NOC and Schlumberger to establish Benghazi training centre

July 2019 - Libya’s state National Oil Corporation (NOC) announced on Tuesday that as part of its focus on upskilling the next generation of oil sector workers, it has signed a Memorandum of Understanding on Monday, July 15, 2019, with “the world’s leading oilfield...

EBRD welcomes Libya as latest shareholder

EBRD welcomes Libya as latest shareholder

July 2019 -  Libya joins EBRD as 71st shareholderMembership request approved by Bank’s Board of GovernorsLibya is within southern and eastern Mediterranean regionLibya has joined the EBRD as its latest shareholder with a view to becoming a country where the Bank...

Libya’s oil revenues up on projections to LD 14 billion

Libya’s oil revenues up on projections to LD 14 billion

July 2019 - Lbya’s oil revenues were up on projections by LD 1.148 bn to LD 14.348 bn for the period 1/1/2019 to 30/6/2019, the Tripoli based Central Bank of Libya (CBL) reported in its latest bulletin.Oil revenues contributed 92.8 percent of the state budget –...

First batch of public transport buses shipped from China

First batch of public transport buses shipped from China

July 2019 - The first batch of 37 public transport buses ordered by Libya have been manufactured and are being shipped from China.Libya media reports say that operator, Essahim Company for Public Transport, is expected to announce shortly the first routes for the new...

Eastern Libya, U.S. firm close to signing Libya port deal

Eastern Libya, U.S. firm close to signing Libya port deal

  July 2019 - TUNIS/BENGHAZI, Libya (Reuters) - Eastern Libyan authorities and U.S. security firm Guidry Group plan to finalize an agreement to develop a major port in the east of the troubled oil producer, both sides said.Talks have been going on for about a year to...

Libya’s May Oil Revenue at US$ 2.3bn – up 24 percent

Libya’s May Oil Revenue at US$ 2.3bn – up 24 percent

London, 27 June 2019: Libya’s National Oil Corporation (NOC) reported today that it recorded an income of US$ 2.3 billion from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts for the month of May.The...

Libya’s Oil Production Could Double Within 5 Years

Libya’s Oil Production Could Double Within 5 Years

Oilprice.com, June 2019. - Despite frequent oil field outages and now an open conflict between the UN-recognized government and the eastern-affiliated LNA, Libya’s oil production could double to 2 million bpd by 2023, IHS Markit analyst Fotios Katsoulas wrote in a...

NOC: Libyan-Norwegian fertiliser venture to restart operations shortly

NOC: Libyan-Norwegian fertiliser venture to restart operations shortly

NOC: Libyan-Norwegian fertiliser venture to restart operations shortly. (June 2019) TRIPOLI – The Tripoli-based National Oil Corporation (NOC) said on Saturday it had restored natural gas supply to LifeCo – the fertilizer joint venture it operates with Norway’s Yara,...

NOC opens office in Houston.

NOC opens office in Houston.

Libya’s National Oil Corporation opens office in Houston. Houston will serve as a vital procurement and engineering hub for `NOC to tap into the best expertise and technology in the market, Sanallah said. (Libyan Express May 2019) The new office has been mandated to...

Libyan Budget Released

Libyan Budget Released

Libya Approves $34 Billion Budget for 2019 Following Months of Conflict. The Libyan government, backed by the United Nations, said on Monday it had agreed with the central bank on a budget of 201.8 billion dinars ($33.83 billion) for months. The "financial...

Investment in Libya

Investment in Libya

Libya Cement Company issues EPC tenders, part of €200 m investment to increase production by 50 percent. (By Sami Zaptia) The LCC has announced firm plans for a major investment program which will see around € 200 million spent in expanding its production capacity...

GECOL Restarts Khoms

GECOL Restarts Khoms

GECOL reconnects two units of Khoms gas station to power grid. (June 2019) Director of the Information Department of the General Electricity Company of Libya (GECOL), Mohamed Al-Takouri said that two units of Khoms gas station have entered the power grid with a total...

China Plan $5 Billion investment

China Plan $5 Billion investment

Libya gets lion’s share of China investments in Africa. (October 2018) The head of the Federation of Libyan Chamber of Commerce and Industry, Mohammed Al-Raeid, said that China has allocated 5 billion dollars out of $ 20 billion of its investments in Africa to...

Another ridiculous (& impossible) decision by a so called Libyan diplomat, How will this help resolve the huge problems in country!?!
So sorry for ordinary Libyans

Egypt condemns MoUs signed between Turkey, Libyan PM - Politics - Egypt - Ahram Online http://english.ahram.org.eg/NewsContent/1/64/356811/Egypt/Politics-/Egypt-condemns-MoUs-signed-between-Turkey,-Libyan-.aspx

When will everybody learn! Come on take your fingers off the self destruct button!

El Feel knocked down in Libya - News for the Oil and Gas Sector https://www.energyvoice.com/oilandgas/africa/212929/el-feel-knocked-down-in-libya/

Everybody who knows Libya knows this yet we can’t do anything about it. Rubbish, targeted focused action (direct or otherwise) would sort this in a heartbeat...!

Migrants detained in Libya for profit, leaked EU report reveals | UK news | The Guardian https://www.theguardian.com/uk-news/2019/nov/20/migrants-detained-in-libya-for-profit-leaked-eu-report-reveals

Fantastic news, let’s hope it becomes reality!

Libya plans to launch vast reconstruction program with int'l support: minister - Xinhua | http://English.news.cn http://www.xinhuanet.com/english/2019-11/12/c_138547321.htm

Let’s hope this has some positive outcomes!

Morocco hosts 1st Libyan investment economic forum - Xinhua | http://English.news.cn http://www.xinhuanet.com/english/2019-11/12/c_138547263.htm

So many meetings with so little outcome... I have never ever come across such an ineffective and futile leadership. No wonder the genuine good people of Libya despair!

LIBYA NEWS AGENCY(lana) https://lana-news.ly/art.php?id=157843&lang=en&p=1

No it’s about more than that, it’s about a whole generation without direction & discipline, it’s about an inability for the majority to agree & come together, it’s about a lack of cohesive leadership, it’s about corruption, it’s about international meddling... I could go on!

Intissar Rajabany@IRajabany

The whole war in #Libya is about oil! everybody wants the oil and its proceeds. All the grievances from our compatriots are about #oil. That is all there. Whatever the cost. In a nutshell.

A rare good news story

Plastics plant restart in Libyan port offers rare economic bright spot - Reuters https://www.reuters.com/article/libya-economy/plastics-plant-restart-in-libyan-port-offers-rare-economic-bright-spot-idUSL8N27J0LG?rpc=401&

United States applauds LNA’s role, criticizes GNA’s counterterrorism performance

#Libya #LibyaNews #News #The_Address #Libya
The Libyan Address Journal
https://ift.tt/2qiGghK

How sad & how wrong, Libya’s TRIPOLI airport was destroyed in 2014, this is a ‘means to an end airport’ and shows the sad state of affairs of Libya’s infrastructure

Libya's Tripoli airport reopens after 2-month closure - Xinhua | http://English.news.cn http://www.xinhuanet.com/english/2019-10/30/c_138513539.htm

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