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The National Oil Corporation agrees with British Petroleum to resume its activities in Libya

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The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, agreed with the CEO of British Oil Company BP, Bernard Looney, during their meeting in Houston, USA, that the British company would resume its activities in Libya.

Sanalla discussed with the British company official the resumption of its activities in Libya in its onshore exploration plots in the Ghadames Basin and its offshore plots in the Sirte Basin, as well as the Corporation’s strategy to develop onshore and offshore gas explorations with the aim of raising gas production rates in response to the increased demand for gas in global markets.

According to the media office of the National Oil Corporation, BP expressed its desire to hold a technical workshop with the Corporation to discuss the details and technical aspects of this strategy and the possibility of its participation in developing some of these opportunities. Its activity in Libya and its contribution to developing oil and gas reserves and raising current production rates. For his part, Sanalla welcomed BP’s return to resume its activities in Libya and its contribution to developing oil and gas reserves and raising current production rates.

Despite the announcement by the Oil and Gas Ministry to reopen oil, the National Oil Corporation confirms that the valves for Al-Rayayna are still closed until now

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The National Oil Corporation said in a statement today, Monday, that the valves for Al-Rayayna are still closed until the moment, and that the production of Sharara and Al-Feel fields are still suspended, noting that there are great efforts made by the benefactors to open the valves and resume production as soon as possible.

The Ministry of Oil and Gas in the Government of National Unity confirmed this afternoon that it had contacted the southwestern cutter and the benevolent people of the region regarding opening the production lines of Sharara and Al-Feel fields, and that these efforts had resulted in the opening of valves for transporting crude oil and the resumption of exports.

The Libyan-Korean Center launches the “Your profession is your future” initiative in the presence of the Ministers of Labor and of Local Government

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The Libyan-Korean Center for Training and Rehabilitation launched  today the initiative of “Your profession is your future” under the slogan “Wherever you are, we will reach you,” in the presence of the Minister of Labor and Rehabilitation Ali Al-Abed Al-Rida, the Minister of Local Government Badr Al-Din Toumi, the undersecretaries of the Ministry and the Undersecretary of the Ministry of Education for Monitoring Affairs.

During his speech, Ali Al-Abed praised the importance of vocational training and the importance of this initiative, which comes in line with the plan to return to life, stressing that these mobile training workshops were designed with the latest national and international equipment and specifications to roam the villages and regions of the country from the eastern and southern regions to the center and all the way to the mountain and the west coast to train job seekers of both sexes according to the needs of the labor market.

General Electricity Company of Libya: « A network deficit of 550 megawatts due to the decrease in gas pressure in a number of power stations »

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The General Electricity Company of Libya stated that the gas-operated generating stations recorded on Sunday a significant decrease in the pressure of the gas feeding these units, which resulted in a generation deficit of 550 megawatts.

The company added that the management of the generation stations resorted to using light “diesel” fuel to feed the stations as an alternative to low-pressure gas, despite the high cost difference, to which are added transportation and handling expenses.

This is what the Russian Embassy revealed regarding goods and exports

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The Spokesman for the Russian Embassy in Egypt Ilya Vodianov said exclusively: « The economic relations with the countries of the Middle East and North Africa will certainly continue ».

Vodianov added that Russian goods and exports are heading towards the Arab region, and that ships are carrying out their activities normally without any obstacles, despite sanctions.

Adapted from Sada Website

Sanallah: « The gang that closed the oil valves was driven by hidden hands to drag the country into chaos, and we submitted a report to the Public Prosecution to take deterrent measures »

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The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, said that the suspicious gangs led by the so-called Mohammed Al-Bashir Al-Qurg that closed the crude oil pumping valves, have suspicious links and are driven by hidden hands to move the country into chaos.

Sanalla stressed that the National Oil Corporation submitted a report to the Public Prosecution to take deterrent and accurate measures to reveal the planners, implementers and beneficiaries of this flawed act by closing oil valves during this particular period, especially with the rise in oil prices to levels above 100 dollars per barrel.

He added that the challenge of closing oil was not the most difficult or most dangerous for the stability of the oil sector, but it is the most painful for all Libyans, pointing out that the parties to the strife have only decided to shut down oil at the time of the price boom, which necessitates taking firm steps governed by legal standards and criminal prosecution by the Public Prosecution.

Dbeibeh: « We will hand over power to a government elected by the people, and we welcome the option of the UN to form a constitutional base through two committees from the House of Representatives and the State »

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The Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, said that his government would hand over power to a government elected by the people, stressing his welcome for the United Nations’ option to form a constitutional basis through two committees from the House of Representatives and the State.

Dbeibeh added that the National Unity Government submitted a proposal to discuss finding a realistic and feasible political way out for holding the elections, and raised the slogan “No to the extension and yes to the elections,” and faced with all force the attempts to thwart the election option, as he said.

The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, stressed that we are now closer than ever to going to elections and the option of democracy that the Libyan people have been waiting for for many years.

The minisry of Oil and Gas denounces the shutdown of Sharara and El Feel production lines

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The Ministry of Oil and Gas issued a statement today denouncing the shutdown of Sharara and El Feel production lines, describing them as threatening the income of the Libyan people, especially in these circumstances that witness high oil and gas prices.

It also called on the relevant parties to intervene and consider the demands of the people who closed the valves of the spark and elephant lines.

It also noted that the closures taking place during this period are a prejudice to the strength of the Libyans, given that oil is the only income for the country.

The closure of El Feel and Sharara oilfields caused a loss of 160 million dinars

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National Oil Corporation said on Sunday that the closure of Libya’s El Feel and Sharara oilfields resulted in the loss of 330,000 barrels per day, and over 160 million dinars (34.69 million dollar) on a daily basis.

Last week, two oil engineers at Libya’s main Sharara field said that operations had been paused after a pipeline valve was shut down, without giving further details.

The National Oil Corporation head Mustafa Sanallah said that shutting down pipeline valves enforced the corporation to declare force majeure on oilfields.

Adapted from Reuteurs News Agency

The liquidity team declares about the arrival of 26 millions to Ubari, in light of the difficult circumstances they faced

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The liquidity team of the Central Bank of Libya said exclusively that under difficult circumstances the liquidity team faced due to the air traffic today, and after the arrival of a shipment of liquidity to the city of Ghat, a shipment of liquidity arrived to the city of Ubari at a value of 26 millions dinars.

10 millions were allocated to the National Commercial branch, 10 millions to the Ubari branch of Jumhouria bank, and 6 millions to the North Africa branch of Ubari. The liquidity project team confirms that it will continue to transfer shipments in addition to the rest of the bank branches in all regions of Libya.

Adapted from Sada Website