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106.32

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104.10

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100.48
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103.87
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96.21

OPEC basket 16/05/2013

17/05/2013

100.85



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ANNOUNCEMENT OF A NEW OIL DISCOVERY National Oil Corporation (NOC), Sonatrach (SIPEX) Libya (Operator) , Oil India, and Indian Oil being partners in an Exploration and Sharing agreement in area 95/96 signed in May 2008, report initial information concerning the exploration (New Field Wildcat) well A1-96/01 drilled in contract area 95/96 in Ghadames Basin. The well is located approximately 360 km southwest of Tripoli and 70 km south of El-wafa Field.
The initial production test results from the Carboniferous Tahara Formation are as follow:
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Chairman of NOC meets with Chairman of Total On Tuesday 29/01/2013 Dr. Nuri Balrwin Chairman of NOC met with
Mr. Christophe de Margerie, Chairman and CEO of French oil and gas company Total S.A and the delegation accompanying him.
The two sides discussed ways of cooperation in oil and gas activity, especially in exploration field, whereas the company has exploration areas that it had won during public bid rounds as well as ways to develop production that carried out by Mabrouk Oil Operations which operates on behalf of NOC and Total.


Confrontation of Oil Spills Workshop In the efforts of NOC to highlight the environmental problems associated with the production operation and manufacturing of oil and gas and to take measures, procedures and solutions to prevent or minimize their occurrence, transfer of knowledge and benefit from the experiences of companies operating in the oil sector,
a workshop was held under the supervision of the National Oil Corporation and in collaboration with BP. a On 21-22/01/2013 in Corinthia hotel in Tripoli entitled (Confrontation of oil spills)


NOC meeting with British trade mission for Energy Industries Council EIC on Monday, 21.01.2013 a meeting was held between
members of trade mission for British Energy Industries Council (EIC) headed by Mr. Terry Willis and Mr. Abul Qasim Shanger member of the management committee of NOC, a number of oil companies directors , managers of departments in NOC as well as a large number of experts and specialists from the ministry , NOC and the oil companies.
In the opening speech Mr. Shanger welcomed the Council, and all the attendance, whereas stressed that business and investment opportunities in Libya are large and available to British companies, similar to other global companies, he also clarified that a large number of trainees from the oil sector are in Britain.


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Meeting for the development of Zawia oil and commercial port On Saturday 19.01.2013 a meeting was held between
Minister of Oil and Gas H.E Dr. Abdul Bari Laroussi and Minister of Communications and Transport H.E AbdulQader Mohammed Ahmed, the meeting addressed the development and expansion of Zawia commercial and oil port to increase its capacity.
The two parties agreed to intensify efforts and to have meeting between the experts periodically in order to build new Libya.
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NOC in Brief
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The National Oil Corporation (NOC) was established on 12 November 1970 , under Law No: 24/1970, replacing the general Libyan Petroleum Corporation which established under Law No. 13 of 1968 to assume the responsibility of the oil sector operations . It was later reorganized under decision No :10/1979 by the General Secretariat of the General People's Congress, to undertake the realization of the objectives of the development plan in the areas of petroleum , supporting the national economy through increasing , developing and exploiting the oil reserves and operating and investing in those reserves , to realize optimum returns. In carrying out its activities, NOC may enter into participation agreements with other companies and corporations carrying out similar activities.
Therefore, ImageNOC is carrying out exploration and production operation through its own affiliated companies, or in participation with other companies under service contracts or any other kind of petroleum investment agreements . This is in addition to marketing operations of oil and gas, locally and abroad . For this purpose, NOC has its own fully owned companies which carry out exploration, development and production operations, in addition to local and international marketing companies. NOC also has participation agreements with specialized international companies. Such agreements have developed into exploration and production sharing agreements, in accordance with the development of the international oil and gas industry, and international petroleum marketing .
ImageNOC owns refining, and oil and gas processing companies, operating refineriessuch as Zawia and Ras Lanuf refineries, ammonia, urea and methanol plants, the Ras Lanuf petrochemical complex and the gas processing plan. To establish petrochemical industries, anther stage of development of the ethylene plant has been completed , as well as the low and high density linear polyethylene plants.
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NOCImage also owns national service companies which carry out oil well drilling and work over operations, provide all drilling material and equipment, lay and maintain oil and gas pipelines, build and maintain oil and gas storage tanks and carry out related technical and economic studies . They also provide the sector with other services , such as catering, procurement of materials and equipment, training and employment of foreign employees.
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Also affiliated to NOC is a petroleum research centre which carries out research and Imagetechnical studies related to the oil industry, conducts technical analysis and tests for the various stages of exploration and production of oil and petroleum products, performs quality control tests and issues certificates in this respect. It also evaluates patents and licenses of exploitation and the fees and forms related to oil operations and petroleum products . It publishes the studies carried out by the centre in the publication of the centre , as well as the local and international scientific publications.
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ImageIn the area of manpower development, NOC provides the oil industry with qualified nationals within a well planned scheme founded on a base of educational and training institutions, for training and developing qualified manpower in such professions as engineering , accounting and administration.

Training outside Libya is limited to those technical specializations which are not available locally, to cope with the rapid development of the industry. Technical training is being carried out at the training centers and institutions belonging to NOC, to develop specialized technicians for the operation and maintenance of industrial facilities and plants

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