Local News: Economic News
After a ten-year hiatus: Resumption of work in the Sabah oil field through the first well, G18.
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Tripoli, 23 February 2025 (Lana) Zueitina Oil Company has succeeded in returning the first production well from the Sabah field to work again after a ten-year hiatus due to sabotage in 2015, which put this field out of service.The National Oil Corporation stated that the well's production capacity is about 600 barrels of oil per day, which is transported by mobile tankers to the Zalla field, which is about 90 kilometers away from the Sabah oil field, and the first shipment of production... Read more
Discussing aspects of cooperation between the Audit Bureau and the Japanese side.
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Tripoli - February 21, 2025 (LANA) - The Undersecretary of the Audit Bureau, "Atiyat-Allah Hussein Abdul Karim", discussed on Thursday, with the Japanese Ambassador to Libya, "Shimura Izuru" and his deputy, "Masaki Amadera", in the presence of the Undersecretary's advisors, aspects of cooperation between the Audit Bureau and the Japanese side.According to the Audit Bureau, the meeting addressed aspects of cooperation between the Audit Bureau and the Japanese side, represented by the Audit... Read more
Minister of Industry signs a memorandum of understanding with the Arab Industrial Development.
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Tripoli, February 21, 2025 (LANA) - Minister of Industry and Minerals Ahmed Abu-Heisa signed a memorandum of understanding with the Arab Industrial Development, Standardization and Mining Organization on the sidelines of the fourth meeting of the Advisory Committee for Industrial Development held in the capital, Tripoli.Abu-Heisa stressed the importance of Arab integration in the industrial field, and the need to benefit from joint experiences and expertise to drive the wheel of development,... Read more
NOC participates in the Egypt International Energy Exhibition and Conference.
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Cairo, 18 February 2025 (Lana) A delegation from the National Oil Corporation (NOC) participated in the Egypt International Energy Exhibition and Conference (EGYPES), which is being held in Cairo from 17 to 19 February.The delegation held a series of meetings with representatives of a number of regional and international companies, during which they discussed investment opportunities, sector development, and enhancing aspects of joint cooperation.The... Read more
NOC commends the modernization of the National Drilling Fleet and the development of the Oil Clinic.
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Tripoli, 12 February 2025 (Lana) National Oil Corporation (NOC) discussed yesterday projects accomplished in 2024 and the target for 2025, in addition to the budget needed to implement them, during the annual meetings of the Oil Well Drilling and Maintenance Company, the Research Center, and the Oil Clinic in Tripoli.The meetings reviewed the achievements of 2024, as the National Drilling Company drilled 14 wells and maintained 213 oil and gas wells, while the Research Center completed... Read more
