Akakus Oil Operations announces return to operations of its 300,000 barrels capacity Zawia storage tank
Feb 28 Sami Zaptia

Akakus Oil Operations announces return to operations of its 300,000 barrels capacity Zawia storage tank

As part of its plan to increase its storage capacity of crude oil, Akakus Oil Operations Company announced the return to operations of its 300,000 bar...

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Libya will produce more than 1.5 million barrels of oil per day in 2023: AGOCO chairman
Feb 13 Sami Zaptia

Libya will produce more than 1.5 million barrels of oil per day in 2023: AGOCO chairman

The continuation of the Arabian Gulf Oil Company’s (AGOCO) development operations at this pace will inevitably lead to Libya reaching a production rat...

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Senior Libyan Petroleum Institute researcher confirms Libya's ability to produce 1.5 million barrels
Feb 2 Sami Zaptia

Senior Libyan Petroleum Institute researcher confirms Libya's ability to produce 1.5 million barrels

In an exclusive interview with the Libya Herald, the Chief Researcher at the Libyan Petroleum Institute, Dr Mohamed Al-Busaifi, said Libya does have t...

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Libya reaches pre force majeure oil production rate of 1.2 million barrels per day
Aug 1 Sami Zaptia

Libya reaches pre force majeure oil production rate of 1.2 million barrels per day

Libya has reached its pre force majeure oil production rate of 1.2 million barrels per day (bpd), the National Oil Corporation (NOC) confirmed yesterd...

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After lifting of force majeure, NOC increases oil production to 860,000 bpd
Jul 24 Sami Zaptia

After lifting of force majeure, NOC increases oil production to 860,000 bpd

Libya’s state National Oil Corporation (NOC) announced yesterday that since it has lifted the state of force majeure last week, it has increased oil p...

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Following El-Feel, Zueitina and Sharara oilfields, Libya’s NOC now declares force majeure at Brega port
Apr 20 Sami Zaptia

Following El-Feel, Zueitina and Sharara oilfields, Libya’s NOC now declares force majeure at Brega port

The fourth wave of closures affects Brega crude and the National Oil Corporation declares a state of force majeure on the oil port of BregaLibya’s sta...

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Libyan governments’ failure to provide necessary funds is leading to irregular oil production and hard currency earnings: NOC
Feb 26 Sami Zaptia

Libyan governments’ failure to provide necessary funds is leading to irregular oil production and hard currency earnings: NOC

Libya’s state National Oil Corporation (NOC) has demanded the country’s decision-making departments to provide funding for the maintenance of the oil...

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Sep 16 Sami Zaptia

NOC announces end of youth sit-ins at Hariga, Sidra and Ras Lanuf ports

By Sami Zaptia.(Logo: NOC).London, 16 September 2021:In two separate announcements, Libya’s National Oil Corporation (NOC) announced the end of sit-in...

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Libya to increase oil production to 1.5 million by year end, needs LD 7 billion budget - delayed 2021 budget will hinder development
Jun 3 Sami Zaptia

Libya to increase oil production to 1.5 million by year end, needs LD 7 billion budget - delayed 2021 budget will hinder development

By Sami Zaptia.London, 3 June 2021:Libya’s Oil Minister Mohamed Aoun said Libya’s oil production before the 2011 revolution had reached an estimated a...

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Apr 20 Sami Zaptia

NOC declares force majeure at Hariga port due to lack of funds – launches tirade at CBL and threatens legal action

By Sami Zaptia.(Logo: NOC).London, 20 April 2021:Libya’s state National Oil Corporation (NOC) announced a state of force majeure as of April 19, 2021...

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