U.N.-sponsored talks aimed at paving the way for elections in Libya in late December failed to find common ground, the deputy of the United Nations mission in Libya said on Continue Reading
Libya’s production recovery is slowing as the country’s ageing oil infrastructure comes under pressure, with more falls likely in coming days due to series of pipeline leaks, the chairman of Continue Reading
Libya’s crude oil production has declined by more than 200,000 barrels per day (bpd) in recent days, or by almost 20 percent, on the back of pipeline leaks and maintenance Continue Reading
The head of Libya’s National Oil Corp (NOC) reiterated on Wednesday the need for funds for much needed repairs in the oil industry after corroded pipelines recently hit production. Mustafa Continue Reading
Libya generated total revenues from oil sales worth US$1.31 billion in April, the country’s National Oil Corporation (NOC) said on Tuesday in its regular update, which showed a 36-percent drop Continue Reading
The creation of Libya’s interim government has instilled the international community with tacit hopes of a decade-long conflict finally coming to an end. As it is oftentimes the case with Continue Reading
Libya pumped 1.168 million b/d of crude in April, the North African producer revealed to OPEC in the producer group’s latest monthly oil market report. Not registered? Receive daily email Continue Reading
The Biden administration has named a new envoy for Libya ahead of the country’s planned elections later this year, signaling an intent to elevate American efforts to end foreign military Continue Reading
Libya’s oil production target of 1.5 million barrels per day (bpd) by the end of 2021 depends on parliament approving the national budget quickly, Oil Minister Mohamed Oun told Reuters Continue Reading
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said Continue Reading
Libya’s crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26. Continue Reading
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now Continue Reading
One of Libya’s state oil producers said it would have to cut as much as 100,000 barrels a day of output this week, a further sign that a budgetary crisis Continue Reading
Libya’s National Oil Corporation has declared force majeure on the port of Hariga due to lack of funds for infrastructure repairs, pushing the country’s crude oil production below 1 million Continue Reading
Libya’s National Oil Corporation is banking on France’s Total to help it boost output and assist with the maintenance of some of its oil infrastructure, it said April 20. Not Continue Reading
Production in several of Libya’s major eastern oil fields has been shut down, heightening the central government’s budget crisis. Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Libya’s National Oil Corporation has declared force majeure on crude exports out of Marsa el-Hariga terminal as production from its key eastern fields is set to fall due to a Continue Reading
Satellite image ©2021 Maxar Technologies image captionThe Ever Given created a six-day jam in the canal The log jam in the Suez canal last month produced a spike in ship Continue Reading
Libya pumped 1.283 million b/d of crude in March, the North African producer revealed to OPEC in the producer group’s latest monthly oil market report. Crude production in March rose Continue Reading
The dispute over so-called field allowances paid to Libya’s Petroleum Facilities Guard has returned, with the potential to lead to some oil terminal closures later this month, industry sources said Continue Reading
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard (PFG) follow through with their threat Continue Reading
Libya may be able to maintain its current level of oil production of around 1.2 million barrels per day (bpd) until the end of the year as the oil sector Continue Reading
Libya’s Waha Oil Company is gearing up to restart the second phase of its key El-Farag gas field development, it said March 26. Not registered? Receive daily email alerts, subscriber Continue Reading
Libya’s state oil producer is set to get the biggest portion of development spending in the country’s new budget, potentially aiding plans to raise output as the industry recovers from Continue Reading
Libya’s back in the oil game after years of false starts and setbacks. Energy facilities shut or damaged during its civil war were reopened last year and the OPEC member Continue Reading
Libya’s state-run National Oil Corporation is poised to release oil revenues to the central bank after the interim Government of Unity (GNU) was sworn in on March 15, creating a Continue Reading
Libya’s Parliament approved on Wednesday the first unity government of the war-torn country since 2014, potentially paving the way to more stability in oil production in the African OPEC member, Continue Reading
Libya plans to raise its oil production to 1.45 million barrels per day (bpd) by the end of this year, from 1.3 million bpd now, Mustafa Sanalla, the chairman of Continue Reading
Libya is looking to increase its crude oil production to 1.45 million b/d by the end of 2021, the chairman of state-owned National Oil Corporation said March 9. Not registered? Continue Reading
Freight premiums for Aframax and Suezmax tankers loading from Libya have subsided as the North African producer has once again emerged as the main export hub in the Mediterranean crude Continue Reading
Erik Prince, the private security executive and supporter of former U.S. President Donald Trump, “at the very least” helped evade an arms embargo on Libya, according to excerpts from a Continue Reading
Fluttering flags and ornamental lights in red, white and green went up on buildings and lampposts around the Libyan capital, Tripoli, this month to mark the 10th anniversary of the Continue Reading
Libya is in the middle of another production setback due to a halt in crude exports from the 230,000 b/d Marsa el-Hariga terminal, shipping and industry sources said Feb. 9. Continue Reading
A tanker had to leave Libya’s Hariga export terminal without oil after members of the Petroleum Facilities Guard stopped the vessel from loading crude amid an ongoing strike over delayed Continue Reading
U.N. sponsored talks produced a new interim government for Libya on Friday aimed at resolving a decade of chaos, division and violence by holding national elections later this year. Libyan Continue Reading
Libya’s strongman in the east, General Khalifa Haftar, is selling through illegal corporations oil pumped in areas in eastern Libya under the control of his forces, Turkish media reported on Continue Reading
After years of turbulence, Libya’s oil industry is finally starting to bounce back, with the production increase that started in December showing no signs of stopping. Ever since the end Continue Reading
The Petroleum Facilities Guard has shut down the Hariga oil port in eastern Libya after the National Oil Corporation delayed the payment of salaries for its members, the Libya Observer Continue Reading
Production from Libya’s Waha oil fields has “gradually resumed” after repairs were completed on a key pipeline, state-owned National Oil Corporation said Jan. 25. Not registered? Around 200,000 b/d of Continue Reading
Libya’s resurgent crude exports could face a massive blow, as a militia controlling three key eastern terminals is threatening to shut down shipments in a long-festering salary dispute. Receive daily Continue Reading
A leak that forced the shutdown of an oil pipeline in Libya has reduced its recovering oil production by as much as 200,000 bpd, Bloomberg reports , noting the challenges Continue Reading
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline, underscoring how difficult it is for the country to maintain its production following almost Continue Reading
OPEC and its allies raised their crude oil production by 280,000 b/d in December to a seven-month high, as Libya pumped its most since mid-2013 and several other countries posted Continue Reading
Petroleum facilities guards at an oil export terminal in eastern Libya have delayed the loading of at least one crude oil cargo and are threatening to block exports until their Continue Reading
Libya’s state-owned NOC aims to make further progress in rebuilding the country’s oil sector next year, buoyed by the rapid recovery in crude production since port and field blockades were Continue Reading
Turkish Defence Minister Hulusi Akar warned on Sunday that the forces of Khalifa Haftar and their supporters based in eastern Libya would be viewed as “legitimate targets” if they attempted Continue Reading
Libya’s crude oil production continues to increase as one of its companies has nearly doubled its output to 100,000 barrels per day (bpd) compared to production levels before the blockade Continue Reading
The Libyan government recognized by the UN has told Libyans not to panic and queue at gasoline stations in the country because there is enough supply of fuel, Libya Herald Continue Reading
Libyan crude and condensate exports are poised to jump to a 13-month high of 1.24 million b/d this month, according to S&P Global Platts estimates compiled using data from shipping Continue Reading
OPEC and its allies in November pumped their most crude oil since implementing historic production cuts in May, the latest S&P Global Platts survey found, driven largely by Libya’s brisk Continue Reading
