No Result
View All Result
Monday, July 7, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

National Oil Corporation reviews production rates of Nafusa Oil Company for next ten years

byIbrahim Senusi
July 30, 2023
Reading Time: 1 min read
A A
NOC announces force majeure at Zawia port

(Logo: NOC).

The National Oil Corporation (NOC) held an expanded meeting with its subsidiary Nafusa Oil Operations to discuss the company’s activity this year, especially regarding developing reserves, production, drilling activities, reservoir studies, and expected production rates in the coming 10 years.

Speaking exclusively to Libya Herald, the NOC Media Office said that the meeting came within the NOC’s efforts to raise production rates of its subsidiaries to its 2 million barrels per day 2025 target in view of the provision of the financial support and the necessary capabilities necessary to raise production in all subsidiaries.

Nafusa Oil Company was established in 2013 as a partnership with the Indonesian company Medco and the Libyan Investment Corporation to develop oil discoveries in contracting area No. 47 in the Ghadames basin.

Paths of transport lines
The Media Office highlighted the completion of Nafusa company’s preliminary engineering works and designs for the development of plot No. 47 in the northern Hamada region, and the completion of surveys to determine the paths of crude and gas transport lines from the field site and to the points of connection to the lines of the Mellitah Company.

Surveys and studies completed
Survey works for the proposed asphalt road linking Zintan airport and the camp with plot No. 47 has been completed. A study of the possibility of receiving and assimilating the production of plot M. N. 118 of the Mellitah Company has also been completed. This includes a study of the impact of pumping production of Nafusa Company on the equipment of the Mellitah Company. Finally, with regard to natural gas, the economic feasibility of gas and condensate company was also concluded.

RELATED POSTS

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

NOC signs MoU with Turkish oil company TPAO for geological and geophysical study of four marine areas

Tags: Nafusa Oil OperationsNOC National Oil Corporation

Related Posts

CBL receives results from meetings with international banks
Business

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

July 2, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement
Business

All imports into Libya must be paid for through official bank transactions

July 2, 2025
World Bank holds off on Tunisian $50m power plant fund; implications for Libya
Business

Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

July 1, 2025
CBL receives results from meetings with international banks
Business

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

July 1, 2025
Harouge Oil reaches record 45,000 bpd production – to increase it by 25,000 bpd
Business

Harouge Oil Operations Company replaces Al-Ghani field pipeline

July 1, 2025
Next Post
Ministry of Economy discusses activating role of Credit Guarantee Fund in supporting the economy: Report and analysis

Economy Minister Hwej approves several private sector investment projects

Libyan Railways Implementation Authority invites International Federation of Railways to participate in November workshop

Libyan Railroads and Russian Railways discuss activating stalled Sirte-Benghazi rail project

ADVERTISEMENT

Top Stories

  • Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds

    Op-Ed: Reputational Damage Is Worse Than Losing Money

    0 shares
    Share 0 Tweet 0
  • All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

    0 shares
    Share 0 Tweet 0
  • A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

    0 shares
    Share 0 Tweet 0
  • Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

Op-Ed: Reputational Damage Is Worse Than Losing Money

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.