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Tag Archives: OPEC

NOC Says Libya Cannot Abide By OPEC Oil Production Cuts

(Author: Libyan Gazette Editorial Staff) On Sunday, Libya’s state oil corporation announced that it will not get involved with the Organization of the Petroleum Exporting Countries (OPEC)’s oil production cuts in the the “foreseeable future”. According to the National Oil Corporation (NOC)’s Chairman Mustafa Sanalla, since Libya has only recently …

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OPEC Gives Libya Green Light to Double Oil Production

(Author: Libyan Gazette Editorial Staff) The Organization of the Petroleum Exporting Countries (OPEC) is allowing Libya to nearly double its crude oil export despite a deal being developed to cut production to manage the oversupply of crude oil. According in Mustafa Sanalla, the chairman of the National Oil Corporation (NOC) …

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