Category: Libya

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions, Libyan media report , adding the company had first evacuated its personnel from its neighbor Continue Reading

Libyan crude will soon be making the long journey to a refinery in New Zealand in a rare export route for the North African country’s oil, which usually finds homes Continue Reading

When last week news broke that Libya’s UN-recognized government and the eastern rival government might just be willing to settle their differences and hold elections early next year, its significance Continue Reading

Libya’s National Oil Corporation will soon resume the Phase 2 development of the Bahr Essalam field—the largest producing offshore gas deposit in the country—and by the end of the year, Continue Reading

Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in Continue Reading

Libya is one of the most unreliable oil producers in OPEC and outside it. Production outages are a frequent occurrence as various armed groups vie for power over the country’s Continue Reading

A small group of Libyan tribesmen staged a protest at the southern El Sharara oilfield last week, threatening to close down production unless their living conditions improved, a videotape showed Continue Reading

BP and Eni will begin exploratory drilling in Libya in the first quarter of next year, BP’s chief executive Bob Dudley told Reuters. BP has 85 percent in an offshore Continue Reading

Libya held a rare oil conference in the eastern city of Benghazi on Wednesday as its state oil firm NOC reached out to a region home to a parallel government Continue Reading

Libya’s oil production could rise by several hundred thousand barrels daily when BP and Eni resume production at a shared field, the head of the country’s state oil company told Continue Reading