US eyes new campaign in Libya against Isis
The US is considering a new campaign of military action in Libya against Isis, the Pentagon said on Wednesday, amid worries that the jihadist group could seize control of a Continue Reading
Libya’s $60 Billion in Lost Oil Highlights Risk of Failed State
Libya’s rival political factions must quickly form a unity government to stop the country with Africa’s largest oil reserves from collapsing into a “failed state,” National Oil Corp. Chairman Mustafa Continue Reading
Egypt Said to Get $20 Billion of Oil Products From Saudi Arabia
Egypt will get about $20 billion in oil products from Saudi Arabia over five years, a government official said, marking the kingdom’s latest display of support for its struggling North Continue Reading
War and strife have cost Libya $68bn in lost oil revenues
Libya has forgone more than $68bn in potential oil revenues since 2013 amid a power struggle between rival factions that has brought the energy industry to a near standstill and Continue Reading
Stuck at sea, BP’s LNG shipment highlights Egypt’s payment struggle
BP’s diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country’s currency crisis could be jeopardizing its Continue Reading
Libya Sees Militant Attacks on Oil Storage Tanks Hurting Exports
Militants in Libya attacked and damaged oil-storage tanks near the Ras Lanuf port terminal, inflicting an “environmental catastrophe” that will hamper the country’s crude exports, according to state-run National Oil Continue Reading
Libya: Fires Erupt At Oil Facilities After ‘Islamic State’ Attack
Four storage tanks at Libya’s Ras Lanuf terminal have been set ablaze following an attack by “Islamic State” (“IS”) militants. Libya’s National Oil Corporation said the situation was “catastrophic for Continue Reading
Rival Libyan Groups Agree on Unity Cabinet at UN-Backed Talks
Rival Libyan factions announced a unity government at talks backed by the United Nations, taking a tentative step to ease turmoil that has swept the country since a 2011 uprising Continue Reading
Analyst sees ‘rising threat’ to Libyan oil
Attacks on energy facilities on Libya’s coast indicate a “severe and rising threat” and raise prospects for further disruptions to oil supply, warns a risk analyst at JLT Specialty , Continue Reading
Libya Meets With Energy Companies to Bolster Recovery of Its Damaged Petroleum Sector
The head of Libya’s state-oil company on Wednesday said he is meeting with major oil companies such as BP BP 0.07 % PLC to try to jump-start the country’s potential Continue Reading