Local News: Economic News
NOC intends to produce two million barrels per day by 2027.
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Tripoli, 19 January 2025 (Lana) The acting Chairman of the National Oil Corporation (NOC), Masoud Sulyman, announced that the corporation aims to achieve production of up to two million barrels per day over the next three years, provided that sufficient funding is provided to support these ambitions. Sulyman said in his speech at the opening of the Energy Summit in Tripoli yesterday that the Libyan oil sector is witnessing a continuous recovery, despite the major challenges facing the sector,... Read more
NOC announces continued increase in production rates in oil fields.
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Tripoli, 15 January 2025 (Lana) National Oil Corporation (NOC) announced on its official page that its crude oil production rates reached 1,411,993 barrels per day today, and 53,596 barrels of condensates.The corporation stated that gas production indicators recorded 208,000 barrels equivalent, bringing the total production to 1,673,589 barrels per day.Thus, the recorded increase rates between yesterday and today were 7,257 barrels of crude oil, 3... Read more
Al-Huwaij meets with Secretary-General of the German Chamber of Commerce.
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Tripoli, January 8, 2025 (LANA) - The Minister of Economy and Trade in the Government of National Unity, "Mohammed Al-Huwaij", followed up today, Wednesday, with the Secretary-General of the Arab-German Chamber of Commerce and Industry, "Abdul Aziz Al-Mikhlafi", the ongoing preparations for holding the fourth Libyan-German Economic Forum in the capital, Tripoli, next May.The media office of the ministry stated, that the meeting discussed capacity building, which aims to develop the... Read more
NOC announces that daily production reached 1,405,609 barrels.
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Tripoli, 26 December 2024 (Lana) National Oil Corporation (NOC) announced that daily production of crude oil reached 1,405,609 barrels and 52,633 barrels of condensates.The corporation confirmed in a statement that it is moving forward to achieve double figures for this number during the coming year and the following year, and it is hopeful for more positive results after launching the public bidding round for exploration and sharing of oil and gas production, which will open large... Read more
Discussing joint cooperation between NOC and SONATRACH Company.
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Tripoli, 23 December 2024 (Lana)—Meetings of the Joint Steering Committee between the National Oil Corporation (NOC) and the SONATRACH Algerian Company began yesterday at the headquarters of the NOC in Tripoli. The meetings, which are held over two days, were attended by the member of the Board of Directors of the Corporation and Chairman of the Committee on the Libyan side, Hussein Safar, and the Chairman of the Committee on the Algerian side, Youssef Khanfar, and members of the committee and... Read more
