Tag Archives | Nuri Berruien

Libya NOC To Export About 700,000 B/D On Average In January -Oil Chief

Libya's National Oil Co. is planning to increase crude exports to about 700,000 barrels a day on average in January, its chairman said Monday, as the war-torn nation brings relief to markets jittered by U.S.-Iranian tensions. Speaking to Dow Jones Newswires, Nuri Berruien said "the monthly average will be roughly 700,000 barrels a day, plus […]

Libyan Oil Output May Return to Previous Level by 2014, IEA Says

Libya’s crude production will return to pre-conflict levels of 1.6 million barrels a day by 2014, International Energy Agency said. “The recovery in Libyan output has exceeded expectations so far in 2011,” the Paris-based adviser said today in its monthly oil market report. Libyan output dropped to 45,000 barrels a day in August, according to […]

Libya oil output climbs to 840,000 bpd -NOC

Libyan oil production has increased to 840,000 barrels per day (bpd) as companies resume output following the eight month war, the National Oil Corporation (NOC) said in a statement. "The National Oil Corporation announces that crude oil production reached 840,000 barrels per day on Tuesday," it said in the statement on its website. "Efforts being […]

Newsmaker: Technocrat "oil man" takes charge of Libya lifeline

Libya's new oil minister is seen as the right kind of technocrat, deeply experienced yet not too closely tied to the former regime of Muammar Gaddafi, to help restore the OPEC member's economic lifeline after eight months of war. Abdulrahman Ben Yazza is in his mid-50s and brings experience from both Libya's oil industry and […]

Libya's oil flows at 750,000 bpd, recovery

Libyan oil output has climbed to 750,000 barrels per day (bpd) and remains on track to reach pre-war production levels by the end of next year, the chairman of the National Oil Corporation (NOC), Nuri Berruien said on Thursday. Before the February uprising, Libya pumped some 1.6 million bpd, but civil war brought flows to […]

Libyan Bouri oil field resumes output at 10,000

Libya's Mellitah Oil and Gas Company has restarted oil output from the offshore Bouri field, the National Oil Corporation said, adding to a relatively rapid resumption in output since the end of the country's conflict. Output from the field has been resumed at an initial rate of 10,000 barrels per day (bpd) from the platform […]

Libya says "logical" for Gulf Arabs to cut oil supply

Libya signalled on Tuesday it may not support Gulf Arab OPEC producers when the exporters' group meets in December, saying those countries should reduce output to make space for Libya's returning oil output. The Organization of the Petroleum Exporting Countries (OPEC) has been operating without formal output limits since December 2008 and this year Gulf producers […]

Libya seeks UK firms to develop oil sector and construction industry

Libya began touting itself as the next Dubai to UK investors, as the country's government said it would reward its "friends" when it begins selling off lucrative oil contracts. Representatives of the country's National Transitional Council called City executives to a central London hotel to drum up British interest in the "massive opportunities" on offer […]