Black markets flourish and civilians resort to desperate measures as impact of Libya’s ongoing oil blockade bites A closed petrol station in southern Libya. Since 2011, the country has been Continue Reading
Libya’s state-owned National Oil Corporation, or NOC, said on Monday that the eastern region of the country ‘illegally’ imported an aviation fuel shipment from the UAE in violation of UN Continue Reading
Libyan oil production has slipped below 100,000 barrels per day, the National Oil Corp. (NOC) has said, amid warnings of fuel shortages. Output from the North African country has fallen Continue Reading
Libya’s oil output graph over the past few years mirrors the oscilloscope readings of a patient on life support. And, things could get worse. State-owned National Oil Corporation, or NOC, Continue Reading
Libya’s oil output graph over the past few years mirrors the oscilloscope readings of a patient on life support. And, things could get worse. State-owned National Oil Corporation, or NOC, Continue Reading
Mining in Libya may eventually become a more significant economic activity than oil production as the country seeks to reduce its economic dependency on oil, Libyan Economy Minister Ali Al-Issawi Continue Reading
The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National Oil Corporation, Mustafa Continue Reading
Haftar Waiting Out Another Turkish Misstep in Libya Last week, international media said that Libyan oil production had dropped to just under 164,000 bpd. Less than a week later, on Continue Reading
The field marshal stares from billboards into the wreckage of the Libyan city of Benghazi. His uniform is festooned with epaulets and honors, even as the civil war he is Continue Reading
Fuel deliveries in the port of Tripoli were disrupted on Tuesday when a missile almost hit a highly explosive gas carrier and the national oil company ordered all fuel tankers Continue Reading
Offloading operations for fuel vessels in a port in Tripoli have been halted, Libya’s National Oil Corporation (NOC) announced on Tuesday, according to Reuters, as military forces led by Khalifa Continue Reading
Libya’s oil output is down to less than 125,000 b/d, a drop of more than 90% since the Libyan National Army imposed a blockade on the country’s five export terminals Continue Reading
The European Union agreed on Monday to launch a new naval and air mission to stop more arms reaching the warring factions in Libya, overcoming initial objections from Austria and Continue Reading
European Union foreign ministers agreed to revive a naval mission in the Mediterranean Sea to enforce the internationally backed arms embargo on Libya, a move likely to encounter stiff challenges Continue Reading
Libya’s combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa’s largest petroleum reserves. y Continue Reading
A top UN official has described the arms embargo on Libya as a “joke” and said the pause in fighting was “holding by a thread”, in a gloomy assessment of the Continue Reading
In its latest information bulletin on the oil blockade of ports and pipelines released yesterday, Libya’s state National Oil Corporation (NOC) confirmed a drop in production to the current level Continue Reading
Fully controlling Libya’s oil sector, particularly its oil and gas revenues, remains the big prize for Khalifa Haftar’s self-styled Libyan National Army. Haftar controls the bulk of Libya’s key oil Continue Reading
The United Nations Security Council voted to extend sanctions on illicit oil exports from Libya ahead of a vote on a draft resolution seeking to help resolve the situation in Continue Reading
As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya Continue Reading
Forces loyal to Khalifa Haftar have blocked flights carrying United Nations staff to and from Libya, hampering humanitarian and mediation efforts, the U.N. mission said on Wednesday. Haftar’s eastern-based Libya Continue Reading
Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut deeper. Libya’s civil war entered Continue Reading
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid the continued blockade of oil ports that has led to the shutdown of several fields, Reuters Continue Reading
Economic losses resulting from the blockades of Libyan ports used by the National Oil Corporation of Libya ( NOC ) have surpassed $930 million , the NOC reports. In January Continue Reading
Libya is producing about 204,000 bpd of crude oil at the moment, an unnamed source has told Bloomberg, as a blockade of the country’s export terminals and several fields enters Continue Reading
The U.N. envoy to Libya said on Tuesday there was a “genuine will to start negotiating” between rival military factions as they planned to meet for the first time for Continue Reading
Eni’s joint venture with the Libyan National Oil Corporation is losing 155,000 barrels of oil per day of production because of the continued blockade of oil export terminals and fields, Continue Reading
A resumption in fighting in Libya is threatening to unravel efforts to end a nearly decadelong crisis in the North African country, less than two weeks after foreign backers of Continue Reading
The destabilization of Libya after the ousting of longtime dictator Muammar Khadaffi has created an unstable country where states support a proxy in the continuing civil war. The recent focus Continue Reading
As the Libyan National Army’s blockade of the country’s oil ports enters a second week, the urgency with which European oil traders are seeking alternatives to fill the 1 million Continue Reading
Libya is facing the risk of its oil production grinding to near full stop if a blockade of its export terminals and several fields continues, the chairman of the country’s Continue Reading
Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in Continue Reading
Libya’s oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d “very soon” if the blockade led by the self-styled Libyan National Army Continue Reading
Eastern Libyan military commander Khalifa Haftar sought on Sunday to open a new front by moving forces towards the city of Misrata, which is allied to the country’s internationally recognised Continue Reading
Migrants are seen at the Anti-Illegal Immigration Agency in Tajora shelter center in Tripoli, Libya April 24, 2019. (Reuters) Dozens of illegal migrants held in centers in western Libya have Continue Reading
Libya’s oil production has fallen by almost 80% since forces loyal to self-styled General Khalifa Haftar of the Libyan National Army imposed a blockade on the OPEC producer’s five key Continue Reading
Chairman of the National Oil Corporation (NOC) Mustafa Sanallah [Photo: Archive] Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade Continue Reading
Libya: Haftar Shifts Strategy from Oil ‘Protector’ Shutting off Libya’s oil was always General Khalifa Haftar’s trump card to play when the time was right. That time is now, with Continue Reading
General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000 barrels per day Continue Reading
Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily Continue Reading
The U.S. Embassy in Libya said on Tuesday that the country’s National Oil Corporation (NOC) should be allowed to immediately resume oil operations that were suspended over the weekend after Continue Reading
Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production Continue Reading
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing Continue Reading
Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between Continue Reading
OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
As world powers back a cease-fire in Libya to end months of fighting, a recent injection of mercenaries by rival foreign backers threatens to unravel efforts to establish a long-term Continue Reading
Libya’s oil operations have been dealt a blow during the last 24 hours, after local Libyan tribes, allies of Libya’s General Haftar’s LNA, disrupted production at the El Feel and Continue Reading
Countries struggled at an international peace summit for Libya struggled on Sunday to draw eastern military commander Khalifa Haftar back into diplomacy, days after he quit talks and more than Continue Reading
When top American and European officials gather in Berlin for a one-day summit on Sunday, they will try to persuade Libya’s warring sides — and their main international backers — Continue Reading
What’s behind the fight for Libya? Libya’s warring rival factions are joining major powers in Germany in a renewed push to secure a ceasefire to halt the civil war. The Continue Reading
