Eng. Mustafa Sanalla, NOC Chairman of the Board, met with members of the Department for Oil & Energy Companies Control at the Administrative Control Authority on Wednesday 17/05/2017 at NOC Headquarters in Tripoli.
NOC and Wintershall signed a memorandum of understanding (MOU) on August 26, 2010, to extend Wintershall’s 50-year concession for areas NC-96 and NC-97 and to convert to EPSA IV terms, in line with other foreign operators in Libya.
NOC says no technical obstacles to meeting production targets NOC said Libyan oil production exceeded 800,000 b/d for the first time since 2014, but a commercial dispute with one of its foreign partners related to Presidency Council Resolution 270 had shut in over 160,000 b/d of production, at a cost to the Libyan state of almost a quarter of a billion dollars per month.
The World Metrology Day (WMD) is celebrated on the 20th of May each year. This year the State of Libya was registered on the list of the countries that celebrate the science of measurement, for the third time, and NOC's logo was put on the World Metrology Day's unified poster.
The technical meetings of NOC and the operating and service companies continue as the technical meeting between NOC and Zueitina Oil Company took place today 08/05/2017 at Zueitina Oil Company offices in the presence of general managers and managers of technical and financial departments of Zueitina Oil Company, and on the part of NOC, managers, technical and financial specialists, and some specialists from the Libyan Petroleum Institute, and Taknia Libya Engineering Company in addition to the foreign partner, OMV Company.