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
