Libya-based Waha Oil Co reached a production rate of 75,000 barrels per day and expects output to increase in the coming weeks, according to recent reporting by Reuters. The oil Continue Reading
Country targets about 1.1 million barrels a day in 2017 Planned boost highlights challenge to OPEC’s accord on cuts OPEC’s Libya plans to almost double crude production next year even Continue Reading
Libya’s largest oil export terminal may re-open as early as next week in a move that would provide relief for the cash-strapped country holding Africa’s largest crude reserves. Tankers may Continue Reading
Oil tanker The exploration of oil in Libya began in 1955, four years after the country was declared independent. 40 companies were given an area of 600,000 km2 to explore Continue Reading
Libya’s oil production is 580,000 to 600,000 barrels per day (bpd) and officials are negotiating with western municipalities to return another 380,000 bpd output from those areas, Prime Minister Fayez Continue Reading
Libya’s Es Sider is set to resume exports in the coming weeks, with the first cargo potentially being lifted by Libya’s National Oil Corporation (NOC) during the first week of Continue Reading
There are too many risk factors at play to express any sense of real optimism about a full market return for Libya’s oil, the Royal Bank of Canada said. In Continue Reading
Libya has been teetering on the edge of economic collapse for a couple of years now, and may have just made a narrow escape, right when the World Bank issued Continue Reading
Libya Waha oil field Libya continues to ramp up its oil production, and resumed last week output at the major Waha oilfield, which raised its total crude output to 580,000 Continue Reading
Libya oil Libya’s oil production has reached 551,000 barrels per day, according to National Oil Corporation chairman Mustafa Suna’a-Allah—a figure that brings Libya closer to its target of 900,000 barrels Continue Reading
