By John Lee. The National Oil Corporation (NOC) has reasserted that it is the only body authorised by the United Nations to export crude oil and oil products from Libya. The NOC confirmed that term contracts covering the entire production for 2017 for all Libyan crude grades have already been entered with 16 international oil […]
Tag Archives | Saras
Tags: API, BB Energy, Cepsa, Eni, featured, Glencore, Gunvor, LUKOIL, National Oil Corporation (NOC), oil exports, OMV, Petraco, Repsol, Rosneft, Saras, SOCAR, Total, Unipec, Vitol
Libya Selects Gasoline Suppliers
Greek, Russian and Italian firms are to supply Libya with around 2.5 million tonnes of gasoline in 2013, reports Al Bawaba. The companies named include Greece's Motor Oil Hellas, Italian refiner Saras, and Litasco, the trading arm of Russia's Lukoil. Two trading sources said Swiss-based trading house Trafigura also had won part of the tender, […]
Tags: gasoline imports, Greece, Italy, Litasco, LUKOIL, Motor Oil Hellas, National Oil Corporation (NOC), Russia, Saras, Switzerland, Trafigura
Silence on Oil Deals "a Setback for Transparency"
The National Oil Corporation (NOC) has told Reuters that it will not reveal the details of its oil sales this year. While oil producers commonly keep details of crude deals secret, the agency reports that Libyan officials promised to publish details of Libya's oil deals following more than 40 years of secrecy under the Gaddafi […]
Tags: China, Eni, Glencore, Italy, National Oil Corporation (NOC), oil exports, Repsol, Saras, Spain, Transparency, Unipec
Saras Q4 hit by weak demand and Iran tension
Saras, one of Italy's leading refiners, said on Tuesday its core earnings in the fourth quarter fell 31 percent on weak demand due to the euro zone debt crisis and high oil prices fuelled by the growing tension over Iran. Saras, which currently uses about 10 percent of Iranian crude oils in its refinery mix, reiterated […]
Libya's NOC Chooses Italian, Russian Gasoline Suppliers for 2012
Libya's National Oil Corporation, NOC, has said that Russia's LUKOIL and Italy's Saras were among a pool of four or five firms chosen to supply the country with up to three million tonnes of gasoline in 2012. With Libya's oil industry rapidly recovering from an eight-month conflict that halted its oil production for most of […]