Category: Libya

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

Eastern-based Libyan forces have intercepted a Turkish ship under a Jamaican flag heading to the port of Misrata in western Libya, their spokesman said on Monday, a possible new flashpoint Continue Reading

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

 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