Friday, July 11, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libya’s NOC to Open London Office

January 27, 2021
Share on FacebookShare on Twitter

Chairman of Libya’s National Oil Corporation (NOC), Mustafa Sanalla announced that the company is set to open a hub in London. The UK office is set to award consultancy and asset management contracts worth hundreds of millions of pounds over the next several years to British companies.

He said during an interview with The Times newspaper, that Libya was embarking on an ambitious project to increase oil production to 2.1 million bpd.

The Mayfair office, scheduled to open in March or April depending on the pandemic, will be the “final gateway for Libyan investment decisions,” Sanalla added.

The NOC currently produces about 1.3 million bpd, while it expects to add up to 80,000 additional barrels by April, as more fields are resuming production.

Earlier this week, the corporation said that state revenues exceeded $1 billion dollars in December 2020. Sanalla said employees have worked endlessly over the past few months to increase daily production rates in record time.

Tags: libyaLondonnocOfficeoilOpen
Next Post

Former French PM: Libya A Failure After NATO Intervention

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya Signs Military Cooperation Agreement With Turkey

Attorney General Orders Arrest of 172 Libyan Security Officers for Torture & Murder

UN Calls for Withdrawal of Armed Forces From Libyan Capital

Greece & Italy Blame EU Commission for Libya Visit Collapse

Libya Faces New Crisis as Rival Forces Mobilize in Tripoli

400 Firms Compete for Libya’s Oil Contracts

EDITOR PICKS

Libya’s National Army Expands Anti-Smuggling Campaign in Southern Region

Libya’s Prosecutor Reports 461 Inmates Escape Amid Tripoli Clashes

Libya Signs Military Cooperation Agreement With Turkey

NOC Chief: Libya Open for Global Energy Investment

IOM: 397 Migrants Intercepted & Returned to Libya

400 Firms Compete for Libya’s Oil Contracts

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR