Tag Archives | Zueitina

South Korean Construction Firms Consider Return to Libya

By John Lee. South Korean construction companies have visited Tripoli to assess whether they can restart work on three power station projects said to be worth LD 4 billion. According to Libya Herald, Hyundai and Doosan were building the 1400-MW Khaleej Power station at Sirte, which began in 2007; Daewoo was building the power station at […]

"No Technical Obstacles" to Oil Output Targets

By John Lee. Libya's National Oil Corporation (NOC) has said there are no technical obstacles to meeting its short-term production targets of 1.1 to 1.2 million barrels per day (bpd), but adds that output is limited by a dispute with Germany's Wintershall. In a statement, the NOC said: "Libyan oil production exceeded 800,000 [bpd] for […]

Al-Bayda Oilfield Reopens

By John Lee. Reuters reports that Libya's eastern Al-Bayda oil field (pictured) returned to production last week after a four-year stoppage. The news agency quotes a a spokesman for the Arabian Gulf Oil Company (AGOCO) as saying that the field is pumping 10,000 barrels per day (bpd) and exporting normally through the ports of Marsa […]

NOC Accuses Wintershall of Interference in Libyan Politics

By John Lee. Libya's National Oil Corporation (NOC) has accused Germany's Wintershall, a subsidiary of BASF, of trying to interfere in Libyan internal politics and to take advantage of the weakness of the state. In a statement, the NOC referred to a memorandum of understanding (MOU) signed on August 26, 2010, which extended Wintershall’s 50-year […]

Oil Crescent Ports: NOC Lifts Force Majeur, Exports to Resume

The chairman of the Tripoli-based National Oil Corporation (NOC), Mustafa Sanalla, announced today (Thursday) that he has visited Zueitina port and accepted the handover of the ports from the Libyan National Army (LNA) reporting to the House of Representatives (HoR). “NOC is in charge of the ports,” he said. “They are secure, and we have […]

Int'l Community Condemns Port Attacks

By John Lee. The international community has condemned this weekend's attacks on Libyan oil terminals, and called on all parties to undertake an immediate ceasefire and to refrain from any further hostilities. Calling on all forces to avoid any action that could damage Libya's energy infrastructure or further disrupt its exports, the Governments of France, […]

Haftar Seizes Libyan Oil Ports

By John Lee. Forces loyal to Eastern-based commander Khalifa Haftar have seized oil ports in Libya's Oil Crescent. The Petroleum Facilities Guards (PFG), headed by Ibrahim Jadhran, lost control of the ports of Es Sider (Sidra) and Ras Lanuf following an attack on Sunday. These ports together account for more than half of Libya's oil […]

Greek Tanker to Transfer Oil from Zueitina

By John Lee. The National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker, the New Hellas, load oil at Zueitina port. The Petroleum Facilities Guard (PFG) signed a deal to end its blockade of Zueitina and two other ports, but according to Reuters eastern forces loyal to a […]