In a statement released on Sunday, NOC chairman Mustafa Sanalla said that he was “pleased” to learn that “the presidential council agrees that we cannot reward individuals who hold Libya’s oil hostage,” in reference to the PFG, adding that the NOC “unconditionally” welcomed the agreement. While the PFG confirmed the deal, it declined to comment on Monday.
According to Sanalla, NOC will work to bring back staff and engage with international crude traders in an effort to restart and eventually ramp up exports from the Zueitina, Es Sider and Ras Lanuf ports, whose combined capacity is estimated at more than 600,000 bopd.
NOC’s initial target will be to add an additional 150,000 bopd within the next two weeks and to reach a level of 900,000 bopd by year-end 2016. Libya presently exports some 400,000 bopd.
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
This website uses cookies.