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Jan
29
2023
By The African Mirror
Libya’s $8-billion gas deal with Italy

Libya’s $8-billion gas deal with Italy

NEWS
GAVIN JONES  ITALIAN energy company Eni and Libya's National Oil Corporation (NOC) signed an $8 billion gas production deal aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country. The deal, signed during a visit to Tripoli by Italy's Prime Minister Giorgia Meloni, aims to increase gas output for the Libyan domestic market as well as exports, through the development of two offshore gas fields. Output will begin in 2026 and reach a plateau of 750 million cubic feet per day, Eni said in a statement. "This agreement will enable important investments…
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Jul
20
2022
By The African Mirror
Libya’s NOC chief rejects challenges to his appointment

Libya’s NOC chief rejects challenges to his appointment

NEWS
LIBYA'S new National Oil Corporation (NOC) chief Farhat Bengdara rejected challenges to his appointment as most of the company's major subsidiaries publicly acknowledged his leadership and work at some shuttered fields and ports resumed. Prime Minister Abdulhamid al-Dbeibah of the Tripoli-based Government of National Unity (GNU) appointed Bengdara last week to replace veteran NOC chief Mustafa Sanalla, prompting Sanalla and the eastern-based parliament to reject the decision. The parliament does not recognise the GNU and analysts say the standoff over control of government risks becoming a dispute over the NOC that could lead to splits in a company globally recognised…
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Sep
21
2020
By The African Mirror
Some Libyan oil facilities restart operations – companies, engineers

Some Libyan oil facilities restart operations – companies, engineers

NEWS
WORKERS at Libya's major Sharara field have restarted operations, two engineers working there said, after National Oil Corporation (NOC) announced a partial lifting of force majeure. They said flaring had restarted at the field and shared a video of it, and added that engineers had been returning to the area since Wednesday. It was unclear when production might restart and there was no immediate comment from the NOC. Two other NOC companies said they had issued directives to staff to start working to prepare to recommence production as soon as possible. Libya's oil sector has stood almost entirely quiet since…
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Sep
20
2020
By The African Mirror
Libya’s NOC lifts force majeure on oil, except where fighters remain

Libya’s NOC lifts force majeure on oil, except where fighters remain

NEWS
LIBYA’S National Oil Corporation (NOC) has lifted force majeure on what it deemed secure oil ports and facilities but said the measure would remain in place for facilities where fighters remain. On Friday eastern Libyan commander Khalifa Haftar said his forces would lift their eight-month blockade of oil exports but did not say if they would leave the facilities they control. Haftar's Libyan National Army (LNA) and allied forces including mercenaries from Russia's Wagner Group hold some of Libya's largest oil fields and export ports, and the NOC had already rejected any return to operations until they left the facilities,…
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