Libyan forces allied with the U.N.-backed government have been shelling and carrying out air strikes on the center of Sirte city in a siege of Islamic State militants there, an Continue Reading
The Marsa al-Hariga oil terminal in eastern Libya. No timing for lifting of force majeure on ports yet: NOC Four of biggest oil ports shut due to politics, fighting Libya’s Continue Reading
National Oil Corp. chairman Libyans to share oil revenue ‘fairly’ under unified company Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured Continue Reading
Political turmoil curbed oil and gas investment, says minister Nation is suffering high unemployment, declining energy output Social and political unrest in Tunisia is reducing energy production, adding to the Continue Reading
The ground-breaking agreement to unify Libya’s two rival National Oil Companies (NOCs) last week in Ankara, Turkey, is good news for Libyan oil exports on the surface—but the reality is Continue Reading
Last week the two administrations of Libya’s National Oil Company made a breakthrough , reaching an agreement to unify their oil operations for the greater good, but now the eastern Continue Reading
A political breakthrough in Libya could potentially contribute to the return of some of the country’s disrupted oil production. Libya has been torn apart by civil war, political gridlock, and Continue Reading
The end of a split in Libya’s National Oil Corp. marks a small step toward healing the divided country, but the political stalemate that shut down of most of its Continue Reading
National Oil Corp. leaders reach deal on unified budget NOC to be headed by Mustafa Sanalla, based in Benghazi Rival leaders of Libya’s National Oil Corp. reached an agreement to Continue Reading
Rival Libyan oil companies have finalized a deal to merge, Libyan officials said, removing a key obstacle to the unification of the conflict-torn nation under the auspices of a single Continue Reading
