The chairman of the United Nations Security Council (UNSC) Libyan Sanctions Committee, Olof Skoog, has confirmed the UN’s commitment to the prevention and halt of the illegal export and sale of Libyan crude and refined products outside of existing legal frameworks. Parties also discussed the importance of the exclusion of parties who attempt to extort the oil sector through the political process and its protection from political and regional quotas.
National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla met with Mrs Stephanie Williams, deputy head of UNSMIL, on October 28, 2018, to discuss the security situation at oil facilities, fields and ports, in addition to the safety of workers and the continuation of production – thereby enhancing the Libyan economic recovery. The two parties also discussed the recent events in Tripoli; particularly the terrorist attack on NOC headquarters.
National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met Mr Ali Nsir, executive director of the Libyan Industry Union, at NOC headquarters on Monday, October 29, 2018, to discuss the potential supply of strategically important oil products, such as kerosene, to factories within the Libyan Industry Union.
On Sunday October 28, 2018, National Oil Corporation (NOC) chairman Eng. Mustafa Sanalla, reviewed the 2019 Libyan oil and gas sector budget with the governor of the Central Bank of Libya (CBL), Mr Sadiq al-Kabir.
Within the framework of ongoing efforts by the National Oil Corporation (NOC) to secure target quantities of natural gas, and the optimal utilization of reserves available within Wafa field NC-169, Mellitah Oil and Gas Co (MOGCO) is nearing the completion of a project to install four new gas compressors. This strategic project aims to use the new compressors to compensate for the low pressure of the reservoir, and stimulate wells to produce additional quantities of gas.
National Oil Corporation (NOC) is pleased to announce that Mellitah Oil & Gas Co (MOGCO) has recently restored two crude oil producing wells - in spite of security challenges and logistical difficulties.