Oil Prices Fall As Libya Reopens Ports
Libyan strongman General Khalifa Haftar has pledged to reopen the country’s oil ports this weekend, the U.S. embassy in the North African country said in a statement on Saturday. “The Continue Reading
Distribution of oil revenues dominate talks to restart Libyan output: sources
Talks to restart the bulk of Libya’s crude output and end the eight-month-long blockade on the country’s oil exports are ongoing, with the issue of distribution of oil revenues still Continue Reading
Cracks in Libya’s governing alliance threaten fragile peace
When the head of Libya’s UN-backed Government of National Accord suspended the interior minister from his duties at the end of August, militias in Tripoli celebrated by firing weapons in Continue Reading
Khalifa Haftar’s rival Libya government resigns after Benghazi protests
Young men block a road with burning tyres during protests in Libya’s eastern coastal city of Benghazi on 12 September 2020. A spokesman for Gen Haftar said the administration backed Continue Reading
U.S. Oil Company Hess Attempts To Load Crude From Libya Port
Hess may attempt to load a cargo of crude oil from Libya’s Es Sider port this week. If successful, the loading represents a glimmer of hope for oil-rich Libya who Continue Reading
Turkey Eyes Libya Upstream
Turkey is in talks over oil and gas exploration in Libya. (Bloomberg) — Turkey is in talks over oil and gas exploration in Libya, as President Recep Tayyip Erdogan’s administration Continue Reading
Libya’s State Oil Firm: War Ship Treathens Vital Oil Facilities
Libya’s National Oil Corporation (NOC) said that a warship had been staying at the Ras Lanuf oil terminal for several days, and has demanded that the military activity at vital Continue Reading
Tanker fixed to load crude from Libya’s Es Sider port despite force majeure amid ceasefire
Highlights Hess charters vessel to take stored crude: shipping report Key Libyan ports blockaded in power struggle Militia said it may allow some loadings to relieve storage London — Hess Continue Reading
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC statement. Libya’s Continue Reading
After Hifter’s ouster in Libya, Tripoli government descends into infighting
Less than three months after pro-government forces pushed a renegade warlord out of the Libyan capital of Tripoli, infighting within the government now threatens to unravel it and plunge the country into Continue Reading
Libya’s Biggest Oilfield Halts All Work After Employee Tests Covid Positive
Libya’s largest oilfield, Sharara, is stopping all operations, and the operator is evacuating the workers as a foreign employee had tested positive for the coronavirus after coming into contact with Continue Reading
Libyans Gasp From Summer Heat as Civil War Shreds Power Grid
Summers in the Libyan capital can be brutal, and this one is the worst in memory. As temperatures in Tripoli breach 40 degrees Celsius (104 Fahrenheit), unrelenting power failures leave Continue Reading
General Haftar Rejects Libyan Truce, Calls It ‘Marketing Stunt’
The Libyan National Army (LNA), the self-styled forces of Eastern Libyan strongman General Khalifa Haftar, rejected on Sunday the ceasefire announced on Friday by the UN-backed government of Libya and Continue Reading
Libyan Ceasefire Bolsters Chances Of Reopening Oil Ports
The UN-backed government of Libya announced a ceasefire on Friday, and the east-based rival administration also called for a truce in a move that could pave the way to reopening Continue Reading
Libya’s UN-backed government announces ceasefire, calls for end to oil blockade
Libya’s UN-backed government, which only controls the western part of the country, announced an immediate ceasefire Aug. 21, raising the prospect of a restart to the country’s oil production and Continue Reading
Libya’s warring sides again declare a cease-fire. Will it last this time?
Libya’s two rival governments separately announced a cease-fire Friday and called for a demilitarized zone in the strategic city of Sirte, a decision welcomed by regional neighbors and Western powers Continue Reading
Haftar to Allow Limited Libya Oil Exports to Ease Power Gap
Libya could export oil again, but only temporarily. Eastern commander Khalifa Haftar will allow ports to restart operations in order to dispose of stored fuel and gas, Naji al-Maghrabi, head Continue Reading
Uncertainty looms in Libya as PFG allows eastern oil ports to reopen
he Petroleum Facilities Guard of Libya’s eastern oil terminals said they will reopen the country’s key oil ports to allow the exports of some barrels from storage, But the restart Continue Reading
Haftar May Reopen Oil Ports In Libya To Tackle Power Shortages
Libyan ports could reopen to release the fuel needed to end power shortages ports of the country, The National reports , citing the commander of a group affiliated with Khalifa Continue Reading
Could The GNA Ever Successfully Control Libya’s Oil?
Introduction The success of the Tripoli-based Government of National Accord (GNA) in forcing the withdrawal of the eastern-based Libyan National Army (LNA) from northwestern Libya has led to a temporary Continue Reading
National Oil Corporation warns of deepening power cuts in eastern Libya
Libya’s National Oil Corporation (NOC) has warned of worsening blackouts in eastern Libya due to a months-long blockade of oil and gas facilities. Blackouts and power cuts have been common Continue Reading
Eastern Libya Sees Power Outages As A Result Of Oil Blockade
The closure of oil ports in the Gulf of Sirte is the main reason for the power outages in eastern Libya, the National Oil Corporation (NOC) says. “By closing the Continue Reading
Overflowing Oil Storage Tanks Raise Risk Of Accidents In Libya
Oil tanks full to the brink at Libya’s oil export terminals are posing a risk to local communities and the facilities themselves, the chairman of the National Oil Corporation, Mustafa Continue Reading
Libya’s Waha oil fields repair work almost completed
Libya’s Waha oil fields have had work carried out on them to maintain the production and service facilities after they were offline for more than seven months due to an Continue Reading
Libya’s Oil Blockade Will Help Clear The Global Supply Glut
Libya’s port blockade is set to keep the North African country’s oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be Continue Reading
Libya’s NOC head warns of potential disaster at oil ports due to armed conflict
The head of Libya’s state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the country’s key oil export terminals risks a potentially worse disaster Continue Reading
Libya’s Meager Crude Oil Exports Set To Plunge In August
With Libya’s conflict escalating, the country’s crude oil exports are set to be just 1.2 million barrels in August, a 40-percent plunge from July, Bloomberg reported , citing an initial Continue Reading
Russian Oil Grab in Libya Fuels U.S.-Kremlin Tensions in Mideast
Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities in recent weeks, heightening tensions between Russia and the U.S. over Moscow’s growing footprint Continue Reading
Armed Groups Clash In Libya’s Oil Crescent
Violent clashes erupted over the weekend between two armed groups in the Brega region, in Libya’s Oil Crescent, the Libyan National Oil Corporation said in a statement. “Violent Clashes took Continue Reading
Libya’s war becomes a global scramble for power and prestige
If Afghanistan is the proverbial “graveyard of empires,” Libya is becoming a crucible for would-be regional powers. The intractable civil war that has carved apart the oil-rich North African country is in reality a multisided Continue Reading
U.S. Warns Of Sanctions As Libya’s Oil Chaos Persists
After Libya lifted and then declared again force majeure on all its oil exports in the span of just two days, the United States warned that parties in the conflict Continue Reading
Libya Declares Force Majeure On Oil Exports Again
Just two days after it lifted the force majeure on all oil exports, Libya’s National Oil Corporation has declared force majeure again, citing a renewed blockade on its oil export Continue Reading
Libya’s oil exports face setback as blockade resumes, NOC singles out UAE
Libya’s National Oil Corp. declared force majeure on all crude exports on July 12, a day after the Libyan National Army re-instated an oil blockade as the civil war continues Continue Reading
Libyan forces set conditions for lifting oil blockade
Forces loyal to a Libyan commander said they will only allow the reopening of oil fields and terminals once a mechanism has been set up to fairly distribute revenue across Continue Reading
Libya’s LNA vows to continue oil blockade unless its demands are met
The Libyan National Army vowed to continue its oil blockade in the war-torn North African country unless its demands are met as the conflict between the self-styled army and the Continue Reading
Libya’s oil exports face setback as blockade resumes, NOC singles out UAE
Libya’s National Oil Corp. declared force majeure on all crude exports on July 12, a day after the Libyan National Army re-instated an oil blockade as the civil war continues Continue Reading
Libya Declares Force Majeure on Oil Exports as Blockade Renewed
Libya’s National Oil Corp. has declared force majeure on all oil exports, barely a day after lifting it, the state-owned company said in a statement. NOC condemned the renewed blockade on Libyan Continue Reading
Libya Is On The Brink Of A Major Military Conflict
Global oil market analysts are carefully watching the latest news emerging from Africa’s (potentially) largest oil producer. In an unexpected move, Libya’s National Oil Corporation (NOC) stated lifted the force Continue Reading
Libya Lifts Force Majeure On All Oil Exports
After six months of port blockades and no exports, Libya’s National Oil Corporation (NOC) said on Friday that it lifted force majeure on all oil exports from Libya, potentially giving Continue Reading
The Battle For Libya’s Oil Heats Up
The battle for Libya is threatening to turn into direct clashes between the Turkish and Egyptian militaries, now that Turkey has categorically rejected Egypt’s ceasefire deal. This rejection was followed Continue Reading
Libya’s output recovery will be slow, says NOC, as it lifts force majeure
Force majeure lifted from all key terminals Production increase will take long time due to technical problems Kriti Bastion tanker loading crude from Es Sider Libya’s National Oil Corporation lifted Continue Reading
U.S., Libya Suspect Maduro-Haftar Gold Trade Scheme
The United States and Libya are probing a suspected scheme in which eastern Libyan strongman Khalifa Haftar is allegedly paying Nicolas Maduro’s regime in Venezuela U.S. dollars in exchange for Continue Reading
U.N. chief says foreign meddling in Libya conflict at ‘unprecedented levels’
United Nations Secretary-General Antonio Guterres warned the Security Council on Wednesday that the conflict in Libya has entered a new phase with “unprecedented levels” of foreign interference and mercenaries in Continue Reading
Libya’s Oil Company Prepares To Reopen A Major Export Hub
Libya’s National Oil Corporation (NOC) is ready to lift the force majeure at the oil port of Es Sider, allowing a tanker to load crude oil from storage, the state Continue Reading
Libya’s Oil Production Set To Halve In Next Few Years
Libya’s oil production that has dropped sharply in recent months is set to nearly halve in the coming years thanks to an oil blockade that has been in force since Continue Reading
Libya’s NOC warns of irreparable damage to oil sector from blockade
Libya’s state-owned National Oil Corp. warned July 7 the country’s crude oil output could halve in the coming years unless the ongoing blockade on its eastern terminals is lifted soon. Continue Reading
Libya’s NOC ready to lift force majeure from Es Sider to allow tanker loading
Highlights Delta Ocean tanker en route to load crude from storage NOC demands removal of mercenaries, armed groups from terminal Deal to restart output still to be agreed London — Continue Reading
Libya Warns Impact of Oil Blockade Could Reverberate for Years
Repeated shutdowns of Libya’s oil facilities amid a civil war could leave the country producing at just half its total capacity in the coming years, the National Oil Corp. said. The OPEC Continue Reading
Libya’s Oil Exports Are Set To Fall Even Further
Libya is set to export even less crude oil in July than it did in June, while its state oil firm continues negotiations to end the blockade that has been Continue Reading
Libya’s Oil Exports Set to Drop This Month as Blockade Continues
Libya will export two oil cargoes totaling 1.2 million barrels in July — a third less than in June — as forces opposed to the Tripoli-based government continue to block Continue Reading