Category: Libya

There is no respite for Libya on its bumpy road to recover crude oil production to the levels of 2011, when the toppling of Muammar Gaddafi plunged the country into Continue Reading

Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close Continue Reading

Glencore has lost its exclusive right to market two of Libya’s crude grades and oil companies like Shell and BP have already had their first allocations of the grades to Continue Reading

Libya plans to pump 2.1 million bpd of crude oil by 2021 if the security situation improves, the chairman of the National Oil Corporation, Mustafa Sanalla, said as quoted by Continue Reading

Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in a statement on Sunday. NOC also said it recorded Continue Reading

Libya’s closed Sharara oilfield is expected to lose 8,500 barrels per day to looting, state oil company NOC said on Thursday. NOC declared force majeure on Dec. 17 at Sharara, Continue Reading

Libya’s oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state Continue Reading

 Suicide attackers hit the headquarters of Libya’s foreign ministry in Tripoli on Tuesday, opening fire before blowing themselves up inside, a security source said. An employee at the ministry said Continue Reading

Libya’s National Oil Corporation chairman Mustafa Sanalla and the country’s internationally recognized Prime Minister Fayez al-Sarraj on Monday agreed to a new security plan to protect El Sharara oilfield, which Continue Reading

Libya’s output recovery obscures the fragility of its outlook, against a backdrop of political uncertainty and a worsening security situation. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading