Libya’s UN-recognized government said on Wednesday that an urgent meeting of all stakeholders involved had agreed to work toward unfreezing Libya’s oil revenues, an essential part of the OPEC member’s Continue Reading
Libya’s National Oil Corporation (NOC) will not be transferring the revenues from crude oil sales to the Central Bank of Libya until the bank adopts transparent policies on the spending Continue Reading
An armed group attempted to break into the Tripoli headquarters of Libya’s National Oil Corporation on Nov. 23 as the state-owned company finds itself in a dispute over oil revenues Continue Reading
Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give Continue Reading
Libya’s crude oil production topped 1 million bpd, the National Oil Corporation said this weekend, although it added this level of production may not be sustainable. “It is worth mentioning Continue Reading
OPEC+ crude oil output ticked up 210,000 b/d in October, the latest S&P Global Platts survey found, as the alliance readies to set production levels for 2021 in what may Continue Reading
Libya’s oil production has surged past 1 million barrels a day, national petroleum officials said on Saturday, marking an important milestone months after its civil war almost choked the country’s Continue Reading
Libya’s crude oil production has reached 800,000 bpd, Reuters has reported, citing sources in the know. This is a 100,000-bpd increase in just a few days, the report added. Libya Continue Reading
The Atlantic Basin could see a major showdown between the region’s key sweet crude producers as around 1 million b/d of Libyan crude is set to return to a brittle Continue Reading
The Libyan ceasefire agreement, which is being painted as a permanent one, could soon face increased opposition if third party interference is not dealt with. The UN-brokered (UNSMIL) agreement has Continue Reading
Libya’s crude oil production could reach 800,000 bpd over the next two weeks and top 1 million barrels daily within a month now that the National Oil Corporation has lifted Continue Reading
All of Libya’s key oil fields and terminals are gearing up for a full reboot, with almost 500,000 b/d more of Libyan light sweet crude set to hit the market Continue Reading
All of Libya’s key oil fields and terminals are gearing up for a full reboot, with almost 500,000 b/d more of Libyan light sweet crude set to hit the market Continue Reading
Libya’s state-owned National Oil Corp. said Oct. 26 it lifted force majeure on the 70,000 b/d El Feel, or Elephant, oil field as the OPEC producer seeks to almost double Continue Reading
The country has been riven by violence since 2011 Libya’s warring factions have signed an agreement on a permanent ceasefire, after five days of talks in Geneva. The deal between Continue Reading
The frequent oil blockades in Libya over the past few years have cost the country a total of US$130 billion in lost revenues, Finance Minister Faraj Boumtari told Al-Jazeera on Continue Reading
Libya’s crude oil production could accelerate beyond 700,000 b/d by the end of the year after the United Nations confirmed that the country’s two rivals groups signed a permanent truce, Continue Reading
Light sweet Libyan crude is starting to trickle through after an eight-month hiatus as rival groups agreed a tentative truce. The prospect of over 1 million b/d hitting the market Continue Reading
Libya has restarted production at its largest field, Sharara, as peace talks began between eastern and western forces. The national Oil Corporation announced it had lifted the force majeure on Continue Reading
The prospect of the return of the 1.2 million barrels per day (bpd) of crude oil that Libya was producing before the broad-based blockade of its energy infrastructure caused it Continue Reading
Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to Continue Reading
Sharara can contribute an additional 300,000 barrels a day, the officials said. Its initial output was 27,000 barrels a day as of Sunday. Output at the field has been shut Continue Reading
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues to struggle Continue Reading
Libya continues to ramp up crude oil production with the daily total now getting closer to 300,000 bpd and exports on the rise, too. By the end of last week, Continue Reading
Libya’s oil production has more than tripled since the port blockade has been lifted, reaching around 300,000 barrels per day (bpd) after the restart of another oilfield in the country, Continue Reading
The United Arab Emirates ramped up deliveries of military supplies to Libyan warlord Khalifa Haftar this year, according to a confidential United Nations report, flouting an arms embargo as the Continue Reading
The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for fraud, according to Libyan security and judicial officials cited by Bloomberg —and the bank Continue Reading
A tanker carrying 1 million barrels of Libya’s light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the Continue Reading
Libya’s oil terminals at Hariga, Brega, and Zueitina are open for business and welcoming tankers to ship oil, although the biggest port and the terminal typically exporting the oil from Continue Reading
The return of Libya’s oil to the market is partially underway as a tanker has reached the eastern port of Marsa el-Hariga to load 1 million barrels of oil from Continue Reading
Libya’s state oil company reopened another port, the third to resume operation in less than a week, as a political truce takes hold. (Bloomberg) — Libya’s state oil company reopened Continue Reading
Libya’s National Oil Corporation (NOC) sees oil production rising to around 260,000 barrels per day (bpd) next week, up from some 100,000 bpd before the blockade of its oil ports Continue Reading
Libya’s state-owned National Oil Corp. expects its production to rise to 260,000 b/d during the week starting Sept. 27 following the lifting of force majeure and the end of an Continue Reading
Russia said it welcomed a contested deal that would allow Libya to resume oil exports halted by a blockade at the start of the year, with revenue distributed across the Continue Reading
A member of the Libyan National Army stands on a military vehicle at one of their sites in west of Sirte, Libya Libyan commander Khalifa Haftar announced on Friday he Continue Reading
Libya: A New Twist to Haftar’s Power Play Turkey would like the world to think that the resignation of the eastern government this week signifies the weakening of General Haftar. Continue Reading
Libya’s National Oil Corporation (NOC) is conditioning lifting the force majeure on the country’s oil exports on the demilitarization of all oil facilities and export terminals, NOC’s chairman Mustafa Sanalla Continue Reading
Two rival groups in Libya — the UN-backed Government of National Accord and the self-styled Libyan National Army — have agreed to reopen key oil ports, signaling the possible restart Continue Reading
Libya’s state-owned National Oil Corp. reiterated on Sept. 18 that it will not lift force majeure on crude exports from the blockaded oil terminals unless these facilities are demilitarized. Receive Continue Reading
Protesters angry over the area’s crippling electricity shortages, set fire to tires on Thursday, Sept. 10, 2020 in Benghazi, Libya. Libya’s east-based parliament has convened an emergency meeting to address Continue Reading
An interim government in eastern Libya resigned on Sunday amid street protests that erupted across the divided country over dire living conditions, officials said. Prime Minister Abdallah al-Thani submitted the resignation Continue Reading
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday. “The Continue Reading
Talks to restart the bulk of Libya’s crude output and end the eight-month-long blockade on the country’s oil exports are ongoing, with the issue of distribution of oil revenues still Continue Reading
When the head of Libya’s UN-backed Government of National Accord suspended the interior minister from his duties at the end of August, militias in Tripoli celebrated by firing weapons in Continue Reading
Young men block a road with burning tyres during protests in Libya’s eastern coastal city of Benghazi on 12 September 2020. A spokesman for Gen Haftar said the administration backed Continue Reading
Hess may attempt to load a cargo of crude oil from Libya’s Es Sider port this week. If successful, the loading represents a glimmer of hope for oil-rich Libya who Continue Reading
Turkey is in talks over oil and gas exploration in Libya. (Bloomberg) — Turkey is in talks over oil and gas exploration in Libya, as President Recep Tayyip Erdogan’s administration Continue Reading
Libya’s National Oil Corporation (NOC) said that a warship had been staying at the Ras Lanuf oil terminal for several days, and has demanded that the military activity at vital Continue Reading
Highlights Hess charters vessel to take stored crude: shipping report Key Libyan ports blockaded in power struggle Militia said it may allow some loadings to relieve storage London — Hess Continue Reading
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s Continue Reading
