National Oil Corporation Libya
28 articles
Libya Oil Dispute: NOC Seeks Independent Probe
The NOC says it transferred US$1.23 billion to the Libyan Foreign Bank, while the CBL reported about US$361 million credited to its accounts. The corporation wants an independent probe into the accounting and fuel-credit reconciliation.
Libya's Sharara Pipeline Reopens, but Europe's Crude Squeeze Persists
Libya's Sharara-Zawiya pipeline reopened after a five-day shutdown that caused substantial production losses. Saudi loadings from Yanbu have also resumed, but neither restart confirms a return to full capacity or guarantees replacement barrels for European buyers.
Nafoora Review Centers on Falling Reservoir Pressure
AGOCO, Libya's National Oil Corporation and Austria's OMV met in Benghazi on October 1 to discuss falling pressure at the Nafoora field. They have not publicly announced an engineering solution, development timetable or output target.
Sharara output tops 300,000 barrels per day, NOC chairman says
The National Oil Corporation chairman says Sharara has resumed output above 300,000 barrels per day. Libya is exempt from OPEC production quotas, but pipeline flows and terminal loadings will be needed to confirm that the restart is sustained.
Libya reopens oil pipeline after $95 million disruption
Libya's National Oil Corporation says pumping from the Sharara field resumed after a five-day shutdown. The disruption cut production by 942,376 barrels and caused about $95 million in reported losses.
Armed group shuts Libya's main oil pipeline, threatening exports
Libya's biggest oil field has slashed production after armed men closed a key pipeline valve. The move threatens crude exports and state income as oil prices surge. The National Oil Corporation warns it may declare force majeure if the shutdown drags on.
Libya faces refinery shutdown as Zawiya blockade escalates
Libya's National Oil Corporation has lost access to the Zawiya refinery after security forces blocked entry and shut a key pipeline valve. The move threatens a full shutdown and possible force majeure, with direct fallout for the country's oil sector.
Sabotage at Sharara pipeline cuts Libyan oil output by two thirds
Libya's Sharara oil field has lost about 200,000 barrels a day after an armed group closed a vital pipeline valve. The National Oil Corporation is now warning it may declare force majeure if the blockade drags on, putting state revenues at risk.
Armed group shuts Sharara oil pipeline to Zawiya port in Libya
Production at Libya's Sharara oilfield collapsed after an armed group closed a key pipeline valve to al-Zawiya port. The National Oil Corporation confirmed the stoppage, which comes after a series of attacks on Libya's energy sites.
Chevron returns to Libya as oil sector seeks production revival
Chevron's re-entry into Libya signals a renewed push to revive the country's oil sector, but the scale of future production gains will depend on whether political and security risks can be contained long enough to attract sustained international investment.
OMV confirms major oil find in Libya's Sirte Basin
OMV has declared its Essar well in Libya's Sirte Basin commercially viable, unlocking up to 45 million barrels of recoverable oil and accelerating the country's push to revitalise its energy sector after years of stagnation.
Libya restores oil output after temporary field shutdown
Libya's oil sector is back to normal after a brief shutdown at several fields, according to the National Oil Corporation. Production recovered quickly, highlighting both the sector's resilience and its ongoing security risks.
Libyan oil supply faces shutdown threat as NOC warns of force majeure
Libya's National Oil Corporation has halted production at key fields after a pipeline valve was forcibly closed by the Petroleum Facilities Guard. With further shutdowns threatened, the NOC is preparing to invoke force majeure, risking a new blow to Libya's oil-dependent economy.
Libya oil and gas revenues hit fifteen billion dollars in eight months
Libya's Ministry of Oil and Gas has disclosed that the country earned 15.2 billion dollars from oil and gas between January and August 2026. The figures reveal both the sector's dominance in state finances and the urgent need for infrastructure upgrades.
Libya seeks British energy technology to modernize oil and gas sector
Libya's National Oil Corporation is moving to secure advanced British and international technology for its oil and gas sector, aiming to accelerate production, modernise infrastructure, and build national expertise through direct cooperation with industry giants.
Libya aims for record gas output in five-year expansion plan
Libya's government has announced plans to raise daily gas production to 4 billion standard cubic feet within five years, signaling a major push to monetize discovered reserves and reposition the country in regional energy markets.
SLB commits to deeper investment in Libya oil sector partnership
SLB has declared it will not scale back in Libya and instead plans to expand investment and operations to support the National Oil Corporation's production ambitions, as NOC leadership demands concrete long term commitments amid rising competition.
Libya arrests sabotage cell after drone strikes hit key energy sites
Libya's UN-backed government says it has dismantled a sabotage cell accused of orchestrating a wave of drone attacks on vital oil and electricity infrastructure in Zawiya and Tripoli, arresting five suspects and warning of a broader plot targeting the country's energy sector.
Emergency Security Response at Janzour Fuel Depot After Drone Remnants Found
Libya's Janzour Fuel Depot has entered a state of emergency after suspected drone-related fibre-optic remnants were discovered on site. Security has been reinforced and special forces deployed, raising concerns over the vulnerability of critical energy infrastructure.
Libya's National Oil Corporation Drains Fuel Tanks After Drone Strike
A drone attack on the National Oil Corporation's Brega Airport Road Fuel Depot has forced emergency measures, with fuel tanks being emptied to prevent disaster. The incident exposes the acute vulnerability of Libya's energy infrastructure.
Libya Closes 490 Petrol Stations in Crackdown on Fuel Smuggling
Libya's Interior Ministry has shuttered nearly 500 petrol stations accused of fueling the black market, as the government scrambles to contain a deepening fuel crisis that has left citizens facing long queues and soaring diesel prices.
Drone Crash at Tripoli Fuel Depot Raises Security Fears, No Disruption
A drone crashed near Tripoli's Airport Road Fuel Depot, narrowly missing fuel tanks and causing no injuries or fire. The incident follows recent drone attacks on Zawia's oil infrastructure, intensifying concerns over the security of Libya's critical energy assets.
NOC Engages US Universities to Boost Training and Streamline Deployment
Libya's National Oil Corporation has held a virtual meeting with leading US universities and the US Embassy to enhance the quality of its workforce training and simplify visa and deployment processes for technical staff.
Libya Supplies Nearly 7,000 Trucks With Diesel to Ease Fuel Crisis
Libya has delivered diesel to almost 7,000 trucks in just four days, significantly reducing fuel shortages and long queues. The move is expected to stabilise diesel prices and support businesses and households reliant on generators.
NOC Commissions Advanced Oil Flow Measurement at Sidra Terminal
Libya's National Oil Corporation has launched a modern crude oil flow measurement system at the Sidra terminal, aiming to improve export accuracy and operational transparency in line with international standards.
NOC Chairman and US Advisor Discuss Oversight of Libya Oil Budget
National Oil Corporation Chairman Masoud Suleiman met with US State Department Senior Advisor Jeremy Berndt in Tripoli to discuss appointing an international consultancy to monitor NOC's budget, aiming to improve transparency and efficiency in Libya's oil sector.
Libya's NOC Signs Production-Sharing Deal with Chevron After 2025 Bidding
Libya's National Oil Corporation has signed a production-sharing agreement with Chevron, following the 2025 bidding round, aiming to boost oil and gas sector development, attract investment, and strengthen international partnerships.
Libyan PM Orders Emergency Measures to Stabilise Power and Fuel Supply
Libyan Prime Minister Abdel Hamid Aldabaiba has directed urgent coordination between the National Oil Corporation and the electricity company to address severe power cuts and fuel shortages, aiming to restore supply stability after a summer of unrest.