Libya reviews oil production stimulus with Norway’s Statoil

21 Jun 2017   Libya

After resolving issues with German energy company Wintershall, Libya’s state oil company said it reviewed raising production during talks with Norway’s Statoil. The Libyan National Oil Co. signed an agreement last week with Wintershall that outlines a resumption of oil production from some of its license areas on an interim basis. NOC Chairman Mustafa Sanalla said the agreement gives Wintershall enough of a production share to cover its costs and ends a costly shutdown. In a Tuesday statement , the NOC said Sanalla met in Tripoli with Fadel Hareeb, a regional manager for Norwegian energy company Statoil. The NOC said its chairman aims to attend a workshop in Norway in September on ways […]

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