Category: North Africa

A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly Continue Reading

A Libyan general has seized the country’s largest oil field, according to officials, cementing control over one of the North African nation’s key economic resources and increasing the likelihood the Continue Reading

A Petroleum Facilities Guard unit belonging to the Libyan government backed by the United Nations is heading to the El-Sharara oil field, Qatar-based al Jazeera TV reported in a tweet Continue Reading

The state-held National Oil Corporation (NOC) of Libya has a budget of US$50 billion to invest in its oil and gas sector this year, as it looks to overcome safety Continue Reading

There is no respite for Libya on its bumpy road to recover crude oil production to the levels of 2011, when the toppling of Muammar Gaddafi plunged the country into Continue Reading

Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close Continue Reading

Glencore has lost its exclusive right to market two of Libya’s crude grades and oil companies like Shell and BP have already had their first allocations of the grades to Continue Reading

Libya plans to pump 2.1 million bpd of crude oil by 2021 if the security situation improves, the chairman of the National Oil Corporation, Mustafa Sanalla, said as quoted by Continue Reading

Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in a statement on Sunday. NOC also said it recorded Continue Reading

Libya’s closed Sharara oilfield is expected to lose 8,500 barrels per day to looting, state oil company NOC said on Thursday. NOC declared force majeure on Dec. 17 at Sharara, Continue Reading

Libya’s oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state Continue Reading

 Suicide attackers hit the headquarters of Libya’s foreign ministry in Tripoli on Tuesday, opening fire before blowing themselves up inside, a security source said. An employee at the ministry said Continue Reading

Libya’s National Oil Corporation chairman Mustafa Sanalla and the country’s internationally recognized Prime Minister Fayez al-Sarraj on Monday agreed to a new security plan to protect El Sharara oilfield, which Continue Reading

Libya’s output recovery obscures the fragility of its outlook, against a backdrop of political uncertainty and a worsening security situation. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading

Libya’s output recovery obscures the fragility of its outlook, against a backdrop of political uncertainty and a worsening security situation. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading

Libya’s Sharara oilfield remains closed, state oil firm NOC said on Thursday, resisting pressure from some officials to quickly pay off protesters which shut it down.  On Wednesday, Libya’s internationally Continue Reading

The U.S. State Department has issued a statement urging the Libyan authorities and the militants who put a blockade on the country’s biggest oil field to resolve their differences so Continue Reading

After a week’s blockade by a militant group, Libya’s largest oil field, Sharara, has been shuttered by a force majeure declaration by the National Oil Corporation. Reuters cited a statement Continue Reading

Libya’s National Oil Company NOC has once again shocked the oil market by officially declaring force majeure on its operations at the El Sharara oilfield, the largest oilfield in the Continue Reading

Libya’s National Oil Company (NOC) has declared force majeure on operations at El Sharara oilfield, it said late on Monday, a week after the company declared force majeure on the Continue Reading

Libya’s state-owned National Oil Corp. (NOC) said it was against paying a ransom to an armed group that has halted crude production at the country’s largest oilfield.  “Any attempt to Continue Reading

Libya’s National Oil Corporation said it would not pay a “ransom” to have the armed militiamen that shut down the field last week lift their blockade, the company’s chairman said Continue Reading

Libya An armed group has seized one of Libya’s largest oilfields in the country’s southwest, the state-owned National Oil Corporation said Monday. The seizure of Sharara oilfield prompted the company Continue Reading

Libya’s National Oil Company (NOC) on Monday declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group. NOC said Continue Reading

Libya’s National Oil Corporation (NOC) will not pay or negotiate with those who closed Sharara oilfield, NOC Chairman Mustafa Sanalla told a local TV channel on Monday. “We will not Continue Reading

Libya is shutting down production at its biggest oilfield after tribesmen and state security guards seized the El Sharara facility, field engineers and protesters said on Sunday, but there was Continue Reading

Libya is facing a major oil crisis as a group comprising local tribesmen and members of the field’s security guard seized the largest field in the country, Sharara. Reuters reported Continue Reading

Libya’s National Oil Corporation (NOC) has declared force majeure on crude oil loadings from the country’s biggest oil field due to a forced shutdown caused by the presence of militia, Continue Reading

Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage Continue Reading

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production Continue Reading

BENGHAZI, Libya (Reuters) – Several eastern Libyan oil ports including Es Sider and Ras Lanuf have closed due to bad weather, a port engineer said on Wednesday. A tanker had Continue Reading

Four Libyan oil export ports that were closed last week because of bad weather have reopened, a Libyan shipping source and port engineers said on Sunday. Tankers were docking at Continue Reading

The year is not yet over, but Libya’s crude oil exports to China in value terms are already worth twice as much as what the North African country exported to Continue Reading

Several crude oil terminals in Libya have been closed due to inclement weather, with oil production in the country already down by 150,000 bpd and likely to drop by a Continue Reading

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

Libya’s National Oil Corporation’s Zawiya refinery, seen in 2013, supplies Tripoli, where fuel shortages are already rife, even before the location’s possible operating suspension in October 2018 Libya’s National Oil Continue Reading

Italian oil major Eni on Monday signed an accord with BP and Libyan officials under which Eni will get a 42.5% interest in an exploration and operation sharing agreement in Continue Reading

Libya’s National Oil Corporation (NOC) is holding talks with international oil companies that could result in increased investment and production in Libya’s oil industry, if security across the country improves, Continue Reading