Latest news with #NationalOilCorporation
Libya Review
13 hours ago
- Business
- Libya Review
Libya's Daily Natural Gas Consumption Averages Over 1 Billion Cubic Feet
Libya's National Oil Corporation (NOC) announced on Monday that the country's average daily natural gas consumption has reached 1.001 billion cubic feet. According to figures shared on the NOC's official Facebook page, the General Electricity Company of Libya (GECOL) was the largest consumer, with a total usage of 6.01 billion cubic feet over the past week. The NOC itself consumed 746.2 million cubic feet during the same period, while Ubari Power Plant was supplied with 74,527 barrels of crude oil to support its operations. In the industrial sector, the Libyan Iron and Steel Company (LISCO) and other small factories used a combined total of 617.5 million cubic feet of gas, whereas cement factories recorded a weekly consumption of 250 million cubic feet. These figures underline the significant reliance of Libya's energy and industrial sectors on natural gas as a primary energy source, amid ongoing efforts to stabilize and modernize the country's energy infrastructure. Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations. Libya's economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya's economy. The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions. The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition. Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
Asharq Al-Awsat
4 days ago
- Business
- Asharq Al-Awsat
Three Suspects Detained for Storming Libya's State Oil Firm, Attorney General Says
Three suspects have been detained for allegedly storming the Libyan state oil firm's headquarters in Tripoli, the country's attorney general said on Thursday, a day after its rival government in the east threatened to declare force majeure on oil fields and ports citing assaults on the firm. The National Oil Corporation is based in Tripoli under the control of the internationally-recognized Government of National Unity. The parallel government in Benghazi in the east is not internationally recognized, but most oilfields in the major oil producing country are under the control of eastern Libyan military leader Khalifa Haftar. The NOC has previously denied its corporation's headquarters were stormed, calling it "completely false" and quoted its acting chief as calling it "nothing more than a limited personal dispute that occurred in the reception area." But the eastern-based government has threatened to also temporarily relocate the NOC's headquarters to "safe cities" such as Ras Lanuf and Brega, both of which it controls, according to Reuters. "The public prosecution reviewed the evidence of the storming of the Corporation's headquarters, inspected the scene, reviewed the video footage recorded at the time of the incident and heard the testimonies of those present," the attorney general said in a statement. The three suspects were handed over by the defense ministry, which was asked "to arrest the remaining contributors to the incident," the attorney general said. The national output of crude oil in the past 24 hours reached 1,389,055 barrels per day, the NOC said on Wednesday, reflecting normal levels. Libya's oil output has been disrupted repeatedly in the chaotic decade since 2014 when the country divided between two rival authorities in the east and west following the NATO-backed uprising that toppled Muammar Gaddafi in 2011.
Arab News
5 days ago
- Business
- Arab News
Three suspects detained for storming Libya's state oil firm, attorney general says
TRIPOLI: Three suspects have been detained for allegedly storming the Libyan state oil firm's headquarters in Tripoli, the country's attorney general said on Friday, a day after its rival government in the east threatened to declare force majeure on oil fields and ports citing assaults on the firm. The National Oil Corporation is based in Tripoli under the control of the internationally-recognized Government of National Unity. The parallel government in Benghazi in the east is not internationally recognized, but most oilfields in the major oil producing country are under the control of eastern Libyan military leader Khalifa Haftar. The NOC has previously denied its corporation's headquarters were stormed, calling it 'completely false' and quoted its acting chief as calling it 'nothing more than a limited personal dispute that occurred in the reception area.' But the eastern-based government has threatened to also temporarily relocate the NOC's headquarters to 'safe cities' such as Ras Lanuf and Brega, both of which it controls. 'The public prosecution reviewed the evidence of the storming of the Corporation's headquarters, inspected the scene, reviewed the video footage recorded at the time of the incident and heard the testimonies of those present,' the attorney general said in a statement. The three suspects were handed over by the defense ministry, which was asked 'to arrest the remaining contributors to the incident,' the attorney general said. The national output of crude oil in the past 24 hours reached 1,389,055 barrels per day, the NOC said on Wednesday, reflecting normal levels. Libya's oil output has been disrupted repeatedly in the chaotic decade since 2014 when the country divided between two rival authorities in the east and west following the NATO-backed uprising that toppled Muammar Qaddafi in 2011.
TimesLIVE
5 days ago
- Politics
- TimesLIVE
Three suspects detained for storming Libya's state oil firm: attorney-general
Three suspects have been detained for allegedly storming the Libyan state oil firm's headquarters in Tripoli, the country's attorney-general said on Thursday, a day after its rival government in the east threatened to declare force majeure on oil fields and ports citing assaults on the firm. The National Oil Corporation (NOC) is based in Tripoli under the control of the internationally recognised government of national unity. The parallel government in Benghazi in the east is not internationally recognised, but most oilfields in the major oil producing country are under the control of eastern Libyan military leader Khalifa Haftar. The NOC has previously denied its corporation's headquarters were stormed, calling it "completely false" and quoted its acting chief as calling it "nothing more than a limited personal dispute that occurred in the reception area". But the eastern-based government has threatened to also temporarily relocate the NOC's headquarters to "safe cities" such as Ras Lanuf and Brega, both of which it controls. "The public prosecution reviewed the evidence of the storming of the Corporation's headquarters, inspected the scene, reviewed the video footage recorded at the time of the incident and heard the testimonies of those present," the attorney-general said in a statement.
Yahoo
5 days ago
- Business
- Yahoo
Three suspects detained for storming Libya's state oil firm, attorney general says
TRIPOLI (Reuters) - Three suspects have been detained for allegedly storming the Libyan state oil firm's headquarters in Tripoli, the country's attorney general said on Thursday, a day after its rival government in the east threatened to declare force majeure on oil fields and ports citing assaults on the firm. The National Oil Corporation is based in Tripoli under the control of the internationally-recognized Government of National Unity. The parallel government in Benghazi in the east is not internationally recognised, but most oilfields in the major oil producing country are under the control of eastern Libyan military leader Khalifa Haftar. The NOC has previously denied its corporation's headquarters were stormed, calling it "completely false" and quoted its acting chief as calling it "nothing more than a limited personal dispute that occurred in the reception area." But the eastern-based government has threatened to also temporarily relocate the NOC's headquarters to "safe cities" such as Ras Lanuf and Brega, both of which it controls. "The public prosecution reviewed the evidence of the storming of the Corporation's headquarters, inspected the scene, reviewed the video footage recorded at the time of the incident and heard the testimonies of those present," the attorney general said in a statement. The three suspects were handed over by the defence ministry, which was asked "to arrest the remaining contributors to the incident," the attorney general said. The national output of crude oil in the past 24 hours reached 1,389,055 barrels per day, the NOC said on Wednesday, reflecting normal levels. Libya's oil output has been disrupted repeatedly in the chaotic decade since 2014 when the country divided between two rival authorities in the east and west following the NATO-backed uprising that toppled Muammar Gaddafi in 2011.
