Tag: NOC

Libya oil revenue reaches $24.4 billion in 2018

Libya oil revenue reaches $24.4 billion in 2018

Libya’s oil revenue has risen to $24.4 billion in 2018, according to a statement from the country’s National Oil Corporation (NOC). The statement also said NOC had recorded an average of 1.107 million barrels per day last year, up 78% from that of 2017. This comes as OPEC introduce cuts […]

Libya’s National Oil suffers ‘catastrophic damage’

Libya’s National Oil suffers ‘catastrophic damage’

Libya’s National Oil Corporation (NOC) has said that its storage facilities at Ras Lanuf port terminal have suffered ‘catastrophic damage’ following conflict in the region. Two storage tanks have been lost – the equivalent of 400,000 barrels oil and half of the capacity at the port, according to NOC. Fears […]