As Libya’s output grinds to a halt, revenue is being severely impacted
Mustafa Sanalla
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Libya NOC chairman says output close to zero
In an interview with Bloomberg, Libya NOC Chairman Mustafa Sanalla said that the ongoing strife in Libya could lead to a complete stop in oil production.
Posted inDRILLING & PRODUCTION
Libya’s oil chief issues fresh warning about the impact of blockades
He called on the global community to take action, and warned of the end of rule of law in Libya
Posted inDRILLING & PRODUCTION
Libya NOC and Wintershall to establish joint operating company for Sirte Basin concessions
Wintershall Aktiengesellschaft will also contribute $150mn towards corporate social responsibility and sustainable development programmes and projects
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Libya NOC approves Total’s acquisition of Waha concession stake
Total will invest $650mn to develop the Waha concessions, in which it acquired a 16.33% stake through its acquisition of Marathon Oil Libya Limited
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Valve closure interrupts production at key Libya oil field
Production at the El Feel oil field was once again interrupted, and Libya NOC Chairman Mustafa Sanalla called for those responsible to be held accountable.
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Libya NOC eyes partnership with Algeria’s Sonatrach to boost production
Both parties agreed to form a joint working group to study common points of interest and opportunities for collaboration
Posted inDRILLING & PRODUCTION
Libya NOC chairman advocates economic diversification
Mustafa Sanalla noted the importance of a diversified economy, and empowering youth to succeed
Posted inDRILLING & PRODUCTION
Libya NOC gets $1bn in delayed funding from Tripoli government
This follows a warning from NOC Chairman Mustafa Sanalla that delays in funding could lead to a drastic drop in production
Posted inDRILLING & PRODUCTION
Partitioning oil sector will put Libya’s integrity “at grave risk”: NOC chairman
Mustafa Sanalla condemned any attempts to divide the nation’s oil sector, as the Interim Government sought to split NOC subsidiary Brega Petroleum Marketing Company