Libyan oil output set for fast rebound as all key fields start to reopen
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
Libyan oil output set for fast rebound as all key fields start to reopen
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 lifts force majeure on El Feel oil field on way to 1 mil b/d output
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
Libya rivals sign ceasefire deal in Geneva
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
Oil Blockades Cost Libya $130 Billion, Finance Minister Says
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
Optimism grows on Libya’s oil recovery as rivals agree ceasefire
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
Infographic: Libya’s fragile oil return complicates market outlook
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 Restarts Oil Production At Its Largest Oilfield
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
Will Libya’s Fragile Oil Truce Fall Apart This Week?
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 Gets Ready to Pump More Oil as It Reopens Biggest Field
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