Libya’s largest oilfields could see a resumption of production after what the Libyan National Oil Company (NOC) called the “illicit” closure of crude pumping valves late last week, with engineers Continue Reading
Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons. More than a quarter of Libya’s Continue Reading
Armed group closes pipeline valve connecting Sharara field Brega, Es Sider, Ras Lanuf, Zawiya, Zueitina ports closed Lack of storage could force NOC to cut oil output Libya’s crude production Continue Reading
Libya’s oil production hovers around 1 million bpd after recent blockade got lifted Libya’s production goal for end-2022 is 1,45 million bpd, and 1,6 million bpd for end-2023 Political instability, Continue Reading
Highlights Sources warn that an LNA-led oil blockade could be imminent Delayed payments from GNU to eastern PFG raise stakes Libyan production back to near 1.2 million b/d after almost Continue Reading
Just as Libya partially recovered its oil production, bad weather forced the closure of four oil export terminals in the east—a sign that Libya’s crude exports in January will be Continue Reading
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east. The Es Sider, Continue Reading
Highlights NOC completes pipeline maintenance linking Waha oil fields Around 300,000 b/d of output still shut-in from PFG-led blockade Libya remains a top oil market risk for 2022: Platts Analytics Continue Reading
Waha line maintenance, western blockade cuts output by almost 500,000 b/d Elections unlikely to happen soon as uncertainty between west and east persists Libya identified as top oil market risk Continue Reading
Maintenance work on a pipeline shut down 200,000 bpd output this week On December 20, Libya declared force majeure on its oil exports after crude oil production had been shut Continue Reading
Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures in New York advanced toward $76 a barrel in Asian Continue Reading
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less Continue Reading
Efforts to win power in Libya by Saif al-Islam Qaddafi, the son of the country’s late ousted dictator Moammar Qaddafi, won’t succeed, according to the man who’s been at the Continue Reading
Libya’s oil production and exports are threatened again as the presidential election slated for December 24 will likely be postponed. Armed groups descended in the capital Tripoli on Tuesday amid Continue Reading
A Libyan parliamentary committee said Wednesday that it has become “impossible” to hold a long-awaited presidential election in two days as scheduled, in a major blow to international efforts to Continue Reading
Libya has declared a force majeure on oil exports, even as oil prices worldwide are crashing. Libya’s National Oil Company (NOC) has said that crude oil production has been shut Continue Reading
Highlights Armed unit within PFG closes key fields and terminal Analysts expect Dec 24 elections to be delayed Output likely to be volatile in coming weeks Libya’s key southwestern oil Continue Reading
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output Continue Reading
Geopolitics, Politics & Conflict In Libya, where elections are supposed to be held on December 24th, there has been a delay in approving the official candidate list, which could mean Continue Reading
Ten years ago, Khaled Mami cheered the fall of Moammar Gaddafi’s regime, hoping it would usher in a new period of prosperity. Instead, Libya was consumed by civil strife. By Continue Reading
The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom While there Continue Reading
Royal Dutch Shell (RDSa.L) is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources Continue Reading
Gaddafi’s son. General Haftar. Libya’s former interior minister Fathi Bashagha. Former Prime Minister Ali Zeidan. Prime Minister Abdulhamid al-Dbeibah. Parliament speaker Aguila Saleh. These are the official candidates for Libya’s Continue Reading
World powers gathered in Paris to discuss ways to stabilize Libya stressed the importance of next month’s pivotal presidential election and threatened sanctions against anyone who tries to undermine the Continue Reading
Vice President Kamala Harris and other world leaders are gathering in Paris on Friday to make a diplomatic push in support of coming elections in Libya that could make or Continue Reading
Libya’s civil war may have come to an end, but plenty of uncertainty remains ahead of elections set to be held next month The country’s oil industry has suffered from Continue Reading
Libya’s Es Sider pipeline has a major leak that will require a 7- 10-day shutdown for maintenance The news comes on the back of Tuesday’s report on skirmishes by armed Continue Reading
Highlights Waha Oil Co. currently pumping 77,000 b/d of Es Sider crude Output to decline for 10 days due to pipline closure National Oil Corp. needs funding to repair oil Continue Reading
Libya’s National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result of Continue Reading
Highlights Sanalla still working despite suspension, sources say Minister Oun says Sanalla under investigation for trips Ministry, NOC battling to control Libya’s energy policy Libyan oil minister Mohamed Oun has Continue Reading
Libya’s election problem is still all about oil money. The fear among those who could lose power in Libya as a result of elections planned for December 24th is now Continue Reading
Highlights Russia’s Tatneft had suspended work several times Sanalla calls on other IOCs to boost activities in Libya Libyan crude output about 35% below peak levels Russia’s Tatneft has resumed Continue Reading
The resignation of Libya’s deputy oil minister, Refaat al-Abbar, last week threatens to make the current uneasy situation in Libya’s oil sector even worse. As it stands, Libya is currently Continue Reading
Libya is looking for U.S. oil companies to return to the oil-rich nation, according to Bloomberg. Libya’s oil minister Mohamed Aoun has said that he hopes U.S. companies will return Continue Reading
Libya’s Prime Minister has revoked a decision by the oil ministry to remove the chairman of the National Oil Corporation, Mustafa Sanalla, from his post. The Libyan oil ministry suspended Continue Reading
Libya’s state-run oil firm has opened an office in London, with the aim of boosting the OPEC nation’s production capacity. Murzuq Oil Services Ltd. will act as the oversees arm Continue Reading
The long-serving head of Libya’s state-run oil company will remain in his post, Prime Minister Abdul Hamid Dbeibah said in a decree, looking to end a feud between two key Continue Reading
Libya’s National Oil Corporation has revealed that the chairman of its board of directors recently held a meeting with the general manager of Schlumberger Libya. Libya’s National Oil Corporation (NOC) Continue Reading
Crude export operations have returned to normal at two major Libyan oil ports after days of protests and sit-ins that had disrupted loadings, the National Oil Corporation (NOC) said on Continue Reading
Libya’s National Oil Corp (NOC) on Thursday said that a blockade of the Es Sider and Ras Lanuf oil terminals had ended and that export operations had returned to normal. Continue Reading
Two of Libya’s key oil export terminals have resumed loading crude on tankers, after protests had stopped operations earlier this week. The Es Sider and Ras Lanuf oil terminals resumed Continue Reading
Mustafa Sanalla Photographer: Stefan Wermuth/Bloomberg Libya’s oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability. The standoff comes Continue Reading
The relative stability of Libya’s crude oil production and exports from recent months could abruptly end after protests erupted at several key crude terminals, including one that prevented a tanker Continue Reading
Demonstrators have interrupted loading of an oil tanker and taken over the control room at Libya’s biggest crude terminal, as a fresh wave of protests across the nation’s ports threaten Continue Reading
Libya ’s oil ministry said Monday the decision to suspend the head of the state-run national oil company was still valid, potentially setting the stage for renewed tensions hours after Continue Reading
With its crude oil production already the subject of various ongoing political divisions since the onset of civil war in 2011, another rift has opened up, this time between Libya’s Continue Reading
The tension among Libya’s top oil officials escalated on Sunday when Oun said he had suspended the chairman of NOC, which is the most important revenue asset for OPEC’s African Continue Reading
The tension among Libya’s top oil officials escalated on Sunday when Oil Minister Mohamed Oun said he had suspended the chairman of the National Oil Corporation (NOC), which is the Continue Reading
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money, Arab News has reported , citing the company’s Facebook Continue Reading
Libya’s Arabian Gulf Oil Co (AGOCO) will stop operations unless it receives its budget allocation for 2020 and 2021, it said in a statement late on Thursday, without giving a Continue Reading
