• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 10 days e-truck insanity
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 10 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 13 days Bankruptcy in the Industry
Tesla to Lay Off Over 10% of Global Workforce

Tesla to Lay Off Over 10% of Global Workforce

Tesla is laying off over…

The Oil Price Rally Has Stalled... For Now.

The Oil Price Rally Has Stalled... For Now.

Oil prices have been climbing…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Armed Men Storm Libya’s National Oil Corporation HQ In Tripoli

NOC

The latest clashes in Libya escalated on Monday when several gunmen attacked the headquarters of Libya’s National Oil Corporation (NOC) in Tripoli, and witnesses say that a few people have been shot.

Shots and explosions were heard and Libya’s security forces were cordoning off the NOC office buildings, Libyan TV broadcasters report.

The latest clashes come after a new wave of violence erupted in Libya in late August, with militias fighting government-backed forces around the capital Tripoli.

A member of NOC staff told Reuters that three or five armed men were shooting inside the company’s office building, adding that “several people were shot.”

Local television stations report that Abdul Salam Ashour, the interior minister of the Libyan Government of National Accord backed by the UN, said that gunmen attacked the NOC building with assault rifles and hand grenades and then started taking hostages.

Mustafa Sanalla, the chairman of the internationally-recognized NOC, as well as his office manager, were seen safely leaving the NOC offices, according to Reuters witnesses.

No militant group has yet claimed responsibility for the attack.

The renewed violence threatens once again Libya’s fragile peace and its oil industry that has just been recovering from the attack on oil ports in June and a subsequent port blockade that reduced significantly Libyan oil shipments in June and July. Related: A Watershed Moment Is Looming For Iran

As of the end of August, Libya’s oil production held at around 1 million bpd for several weeks, and two smaller fields were ramping up production.

In the middle of August, Libya’s oil production hit 1 million bpd for the first time since early June when the attack on the oil terminals resulted in a port blockade and crippled Libya’s oil production.

The port closure had blocked 850,000 bpd of Libya’s oil (nearly all Libyan production) from being exported from four ports for more than two weeks. This major disruption resulted in Libyan crude oil production slumping from 962,000 bpd in May to an average 721,000 bpd in June and further down to 664,000 bpd in July, according to OPEC’s secondary sources.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News