Suez Canal’s claim over once-stuck ship referred by court
CAIRO (AP) — An Egyptian appeals court said Sunday it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of Continue Reading
Egypt plans Suez Canal expansion after vessel was grounded
Egypt on Tuesday announced plans to widen and deepen the southern part of the Suez Canal where a hulking vessel ran aground and closed off the crucial waterway in March. Continue Reading
Can Libya’s Oil Industry Make A Comeback In 2021?
The creation of Libya’s interim government has instilled the international community with tacit hopes of a decade-long conflict finally coming to an end. As it is oftentimes the case with Continue Reading
Libya self-reports April crude output of 1.168 million b/d to OPEC
Libya pumped 1.168 million b/d of crude in April, the North African producer revealed to OPEC in the producer group’s latest monthly oil market report. Not registered? Receive daily email Continue Reading
U.S. appointment of Libya envoy signals intensified push to end post-revolution instability
The Biden administration has named a new envoy for Libya ahead of the country’s planned elections later this year, signaling an intent to elevate American efforts to end foreign military Continue Reading
Libyan oil minister seeks budget approval to hit 1.5 mln bpd target
Libya’s oil production target of 1.5 million barrels per day (bpd) by the end of 2021 depends on parliament approving the national budget quickly, Oil Minister Mohamed Oun told Reuters Continue Reading
Egypt Restarts Major LNG Project On Rising Demand
In the late 90s of the previous century and early years of this century, Egypt in collaboration with international partners started the development of its LNG sector. This resulted in Continue Reading
Libya’s Oil Production Set To Recover As Force Majeure Is Lifted
After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said Continue Reading
Libya crude output to rebound as force majeure lifted on Marsa el-Hariga exports
Libya’s crude output could rebound in the coming days after the state-owned National Oil Corporation lifted force majeure on exports out of the eastern Marsa el-Hariga terminal on April 26. Continue Reading
Libyan Oil Production Surprise Puts Pressure On Prices
Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now Continue Reading