International Energy Agency claimed that global oil demands will increase in the third quarter of the year to grow to 105 million barrels per day on an annual basis as a result of the stimulus measures expected in China. The agency pointed out that oil demand expectations were reduced at the lowest level since 2…

NOC welcomes the adoption by the UN Security Council of Resolution 2509 authorizing measures against the illicit export of crude oil and other petroleum products from Libya, continuing to allow member states to inspect designated vessels on the high ares. In a report published today, NOC condemns attempts by t…

The National Oil Corporation reported a drop in production as a result of the blockade of ports and pipelines to the current level of 191,475 barrels per day, with losses exceeding 1 billion USD at 1,380,468,480 USD. NOC also stated that it continues to supply hydrocarbons to the Central and Eastern regions in s…

The Libyan Investment Authority (LIA) revealed the new 2020 strategy that comes in the framework of reorganizing the entity in accordance with best practice of leading sovereign wealth funds, maximizing market value, achieving its aims, clearly increasing confidence in governance as well as management to th…