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National Oil Corporation News

25 Apr 2023

LR Grants AIP for Ammonia FSRU

(Photo: Lloyd’s Register)

A new ammonia floating storage regasification unit (FSRU), the first of its kind in Korea, has been awarded approval in principle (AIP) from Lloyd’s Register (LR), the classification society announced Tuesday.Developed by HD Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering (KSOE), the ammonia-FSRU will store liquefied ammonia transported from production areas and can perform regasification to supply to shipowners and operators. FRSUs are an increasingly…

25 Jul 2022

Oil Falls Anticipating Fed Hike will Dent Demand

Copyright Sodel Vladyslav/AdobeStock

Oil fell on Monday, reversing earlier gains but continuing a recent losing streak, on concerns that an expected increase in interest rates in the U.S., the world's biggest oil user, may limit fuel demand growth.Brent crude LCOc1 futures for September settlement dropped 48 cents, or 0.5%, to $102.72 a barrel at 0205 GMT, down for a fourth day.U.S. West Texas Intermediate (WTI) crude CLc1 futures for September delivery fell 65 cents, or 0.7%, to $94.05 a barrel, also down for a…

18 Jul 2022

Libya Oil Chief says Full Output to Resume after Deal

Credit:Puchthanun/AdobeStock

Libyan oil output will resume from all shuttered fields and ports, the Tripoli government's newly installed head of National Oil Corporation (NOC) said on Friday after meeting groups that have blockaded the facilities for months.The decision to lift force majeure on production could mean a return of 850,000 barrels per day (BPD) of oil to the market that has been shut off by the groups aligned with eastern commander Khalifa Haftar.Prime Minister Abdulhamid al-Dbeibah of the Government…

02 May 2022

Libya's NOC Lifts Force Majeure at Zoueitina Oil Terminal

Credit: AntjeBartholdi/Pixabay

Libya's National Oil Corporation (NOC) announced on Sunday the "temporary" lifting of force majeure and resumption of operations at the Zueitina oil terminal in order to reduce stock and free up storage capacity.The state oil company had warned of "imminent environmental disaster" at the facility unless tanks were emptied, after last week declaring force majeure due to a political standoff.(Reuters - Reporting by Angus McDowall; Writing by Mahmoud Mour; Editing by Andrew Cawthorne)

19 Apr 2022

Libya's NOC Declares Force Majeure at Brega Oil Port

© Puchthanun / Adobe Stock

Libya's National Oil Corporation (NOC) declared force majeure at the Brega oil port on Tuesday, saying it was unable to fulfil its commitments towards the oil market."At a time when oil prices are witnessing a significant recovery due to the increase in global demand... Libyan crude is subjected to a wave of illegal closures," the state-owned company said in a statement.(Reuters - Reporting by Ahmed ElumamiWriting by Ahmad ElhamyEditing by Louise Heavens)

15 Sep 2021

Libya's Hariga Port to Return to Normal Operations

© Haris Andronos / Adobe Stock

Libya's Hariga oil terminal will immediately return to normal operations, the National Oil Corporation (NOC) media office said on Wednesday, and the port manager said protesters were withdrawing.Exports at Hariga had been blocked by a group that said it was protesting for jobs.A senior NOC official said the blockade of Hariga had been lifted and the port had received instructions to resume operations.

10 Sep 2021

Loading Ops Restart at Libyan Oil Ports

Loading operations at the Libyan oil terminals of Es Sider and Ras Lanuf resumed on Friday after a stoppage, National Oil Corporation and two engineers at the ports said.Exports were still halted at a third terminal, Hariga, where people have blocked loading operations, an engineer there said.Libyan oil output has been over 1.3 million barrels per day for much of 2021 but insecurity, political divisions and budget disputes threaten to undermine production or stop exports at various fields or ports.Last year, eastern-based forces in the civil war blockaded almost all exports for months, ending with negotiations that came in the context of a wider push towards peace.Earlier this year…

06 Jan 2021

Libya's Hariga Oil Port Loading Blocked by Sit-in Guards

Petroleum facilities guards at Libya's eastern Hariga oil terminal have delayed the loading of a one million-barrel cargo as they press salary demands, the port's manager said on Wednesday.The guards at Hariga, where Mesla and Sarir grades are loaded, have been staging a sit-in, which continued on Wednesday morning, according to one of the guards and port manager Rajab Sahnoun.They say they will block crude exports until their demands over unpaid salaries are met.Trader Unipec's Olympic Fighter was due to load the one million barrel cargo, according to a local shipping agent.There was no immediate comment from the National Oil Corporation, which manages production and exports across Libya.Libya's oil production staged a rapid recovery late last year after an eight-month blockade of ports a

25 Sep 2020

Shell Books Amoureux Tanker to Load Crude at Libya's Zueitina Port

Royal Dutch Shell has provisionally booked a tanker to load a crude cargo at Libya's Zueitina terminal on Oct. 3, potentially the first since January at the recently reopened port.The Amoureux tanker is expected to load a 1 million barrel cargo and then discharge in Singapore on Oct. 22, Refinitiv Eikon shipping data showed.Shell declined to comment on the booking.Libya's National Oil Corporation (NOC) lifted force majeure on crude loadings at the port on Sept. 22.The north African country has seen an uptick in export activity this week following the easing of the blockade imposed by eastern forces in January, which the NOC said cost the country around $10 billion in lost revenue.The Delta Hellas oil tanker loaded a 1 million barrel crude cargo for Unipec…

23 Sep 2020

First Tanker to Load Crude at Libya's Hariga Port Since January

An oil tanker is expected to load crude at Libya’s Marsa el-Hariga terminal this week, the first since a blockade by eastern forces in January slashed the OPEC member’s oil production to a trickle.The Delta Hellas tanker will enter Libya’s Hariga port on Wednesday and load 1 million barrels of oil from the port’s storage, the Arabian Gulf Oil Co which operates the port said in a statement.Eastern Libyan commander Khalifa Haftar said last week his forces would lift their eight-month blockade of oil exports, which depressed the OPEC member’s production down to around 100,000 barrel per day (bpd).Trading arm of China’s Sinopec , Unipec- which prior to the blockade was one of the main lifters of Mesla and Sarir crude grades from the terminal- booked the tanker, two trading sources said.Unipec

21 Sep 2020

Oil Tanker En Route to Libya Terminal After Partial Force Majeure Lift

The Marlin Shikoku oil tanker is making its way to Libya's Marsa El Hariga terminal, according to Refinitiv Eikon shipping data.Libya's National Oil Corporation (NOC) on Saturday lifted force majeure on what it deemed secure oil ports and facilities.NOC is yet to specify the ports and oilfields where it is lifting force majeure, but restart procedures are underway at some locations following a blockade that began in January which crippled the OPEC member's oil production."We are waiting for NOC to give a schedule of tankers and we are ready to export," an oil engineer at Hariga told Reuters.The Marlin Shikoku, a Suezmax tanker capable of carrying around 1 million barrels of crude…

24 Aug 2020

Tanker to Load 30,000 Tonnes of Condensate from Libya's Brega port

The Valle di Siviglia tanker arrived at Libya's Brega port on Monday to load 30,000 tonnes of condensate to allow for continued gas production for local power plants, the National Oil Corporation (NOC) said.Brega and other east Libyan ports have been blockaded since January by the eastern-based Libyan National Army (LNA) and its allies as part of a wider conflict and dispute over the distribution of oil revenue.Eastern authorities have said they will allow the export of stored condensate and oil to enable the continued production of gas used by local power stations, after shortages had led to lengthy power cuts.The NOC said the shipment of condensate would allow for gas production to continue at 160 million cubic feet (mcf) per day.However, there would still be a shortfall of around 90 mcf

19 Aug 2020

Stored Crude, Condensate Could be Shipped from Shuttered Libyan Ports

© Puchthanun / Adobe Stock

A limited reopening of Libyan oil terminals could allow the export of some crude oil and condensate stored at Es Sider, Brega, Zueitina and Hariga, but leaves a months-long blockade of the ports in place, oil engineers say.East Libyan authorities said on Wednesday they would permit exports of the stored products in an effort to ease an electricity supply crisis that has resulted in increasingly lengthy power cuts.The ports have been blockaded since January by east Libyan factions as part a wider conflict…

10 Jul 2020

Libya's NOC Lifts Force Majeure on Exports. First Tanker Loaded at Es Sider

Libya's National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a first tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown would keep output low."The increase in production will take a long time due to the significant damage to reservoirs and infrastructure caused by the illegal blockade imposed on January 17," NOC said in a statement.A first cargo of 650,000 barrels will be shipped by the Kriti Bastion Aframax tanker, chartered by Vitol, which two sources at Es Sider port said had docked and started loading on Friday morning.The blockade…

08 Jul 2020

Guards Block Oil Tanker from Loading in Libya

Petroleum facilities guards prevented a tanker from entering Libya's Es Eider port to load a cargo of crude oil from storage on Wednesday, the National Oil Corporation (NOC) said in a statement.The Delta Ocean tanker had been blocked from loading despite what NOC Chairman Mustafa Sanalla called "the clear Libyan and international consensus that the NOC should lift force majeure.""The NOC is consulting with all parties to find a way forward," Sanalla said in the statement.(Reporting by Aidan Lewis. Editing by Jane Merriman)

10 Jul 2020

Libya's NOC to Lift Force Majeure at Es Sider Oil Port

Libya's National Oil Corporation (NOC) said on Wednesday that it is ready to lift force majeure at Es Sider oil port, allowing a tanker on standby to load crude from storage.The state oil company urged all Libyan parties to support it and called on what it described as "foreign mercenaries and armed groups" to leave the oil port immediately.The Delta Ocean Suezmax tanker arrived at the port on July 5 and has been waiting since then, according to Refinitiv Eikon data.The tanker was chartered by trader Unipec, according to a shipping and a trading source.

25 Mar 2020

Libya says Probe of Seized Tanker to Start After Quarantine

Libya's internationally recognized government will start an investigation into a tanker over alleged sanctions-breaking after a period of quarantine ends in two weeks, the coast guard commander who seized the vessel said on Wednesday.The coast guard at Misrata seized the Gulf Petroleum 4 three days ago, Rida Issa said, after the National Oil Corporation (NOC) said the tanker had broken an arms embargo and other international agreements by offloading jet fuel in Benghazi.Benghazi is the seat of a parallel administration in the east whose Libyan National Army (LNA) has been trying for a year to capture the capital Tripoli, where the internationally…

29 Jun 2018

Oil Tight on Libyan Port Struggles

Image:  © cherezoff/Adobe Stock

Libyan oil production could face protracted disruption as factions in the east seek to seize control of crude exports, adding pressure to a tight global market. Eastern factions have tried to take over oil exports in the past but have struggled to find buyers because Western nations insist they will deal only with the internationally recognised National Oil Corporation (NOC) based in the Libyan capital of Tripoli. But this has not stopped eastern forces from seeking control of the ports, accusing Libya's western-based government of failing to share revenues fairly.

02 Jul 2018

NOC Declares Force Majeure on Zueitina, Hariga Liftings

Libya's National Oil Corporation (NOC) declared force majeure on loadings from Zueitina and Hariga ports on Monday, it said in a statement.   "Despite our warning of the consequences and attempts to reason with the LNA General Command, two legitimate allocations were blocked from loading at Hariga and Zueitina this weekend," Tripoli-based NOC Chairman Mustafa Sanalla was quoted as saying.   "The storage tanks are full and production will now go offline."   Reporting by Aidan Lewis

28 Jun 2018

NOC Tanker Refused Berth in Libya

Officials at Libya's Zueitina oil port have not authorized a tanker contracted by Tripoli-based National Oil Corporation (NOC) to berth, port and industry sources said on Thursday.Zueitina is one of the oil ports that the eastern-based Libyan National Army (LNA) said it would transfer to a parallel NOC, which is based in the eastern city of Benghazi, after fighting this month at the Ras Lanuf and Es Sider terminals.One tanker, the Felicity, finished loading at Zueitina on Thursday under contract from NOC in Tripoli but a second tanker, Amore Mio II, was waiting in the port area without permission to berth, sources said.The head of the parallel NOC, Faraj Said, said he had ordered ports to prevent the entry of any tanker not authorized by his office.An engineer at Zueitina port confirmed th

29 Jun 2018

Struggle to Control Libyan Oil Ports Adds to Global Supply Worries

Libyan oil production could face protracted disruption as factions in the east have sought to seize control of crude exports, adding pressure to a tight global market.Eastern factions have tried to take over oil exports in the past yet struggled to find buyers as Western nations insist they will only deal with the internationally recognised National Oil Corporation (NOC) based in the Libyan capital of Tripoli.But this has not stopped eastern forces from seeking control of the ports, accusing Libya's western-based government of failing to share revenues fairly.The latest tussle for power has already slashed national production to about 600…

19 Jun 2018

Storage Tank at Libya's Ras Lanuf Oil Port Has Collapsed

Photo: NOC

One of two oil storage tanks ignited amid clashes at the Libyan oil port of Ras Lanuf has collapsed after burning for two days, a local engineer and a fire fighter said on Tuesday.Ras Lanuf's storage tank No. 12 was set on fire on Sunday, three days after another storage tank, No. 2 caught ablaze during an attack by an armed group.Libya's National Oil Corporation (NOC) has said that at least 400,000 barrels of storage capacity has been lost due the fires.Reporting by Ayman al-Warfalli Writing by Aidan Lewis

19 Jun 2018

Libya Coastguard Commander Says He Hits Migrants to Protect Them

(File photo: United Nations)

A Libyan coastguard commander sanctioned by the United Nations for alleged human trafficking and migrant smuggling said he hits migrants but does so for their own safety to prevent them from capsizing.Abdalrahman al-Milad, who heads a coastguard unit in Zawiya, just west of Tripoli, was one of six people sanctioned for involvement in people trafficking or smuggling in Libya on June 7, in the first move of its kind.The sanctions freeze bank accounts of those listed and ban them from travelling internationally…