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Home Business

After lifting of force majeure, NOC increases oil production to 860,000 bpd

Aims to reach 1.2 million bpd within two weeks

bySami Zaptia
July 24, 2022
Reading Time: 2 mins read
A A
NOC announces force majeure at Zawia port

(Logo: NOC).

Libya’s state National Oil Corporation (NOC) announced yesterday that since it has lifted the state of force majeure last week, it has increased oil production from 560,000 barrels per day (bpd) to 860,000 bpd. It considers this a ‘‘relatively high volume of production’’ in such a short period of time.

It further stated that it is striving to increase production and return it to its normal rates of 1.2 million bpd within two weeks.

 

Changing the NOC board was not a political deal with external states but an internal agreement: Aldabaiba (libyaherald.com)

Libya’s oil blockade lifted 24 hours after Sanalla’s removal (libyaherald.com)

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NOC chairman Sanalla suspended from his post and referred for investigation by Oil Minister – his replacement declines the temporary post (libyaherald.com)

Sanalla hits back at Oil Minister Aoun – Aldabaiba to decide their fate in Sunday meeting (libyaherald.com)

Aldabaiba’s Aoun-Sanalla crisis summit: Kiss and make up or slap on the wrist? (libyaherald.com)

Oil Minister Aoun suspends NOC Chairman Sanalla from his post and refers him for investigation for a second time (libyaherald.com)

Ministry of Oil says NOC board will be reformed and Sanalla still suspended – will Sanalla survive Aldabaiba’s planned reshuffle? (libyaherald.com)

NOC welcomes Aldabaiba’s reversal of Oil Minister’s decision to suspend chairman Sanalla (libyaherald.com)

 

 

 

 

Tags: NOC National Oil Corporationoil production

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