Israel may boost gas exports to the EU through Egypt. increased energy trade is an opportunity to improve relations between Brussels and Cairo. Brussels is trying to entice East Med Continue Reading
For decades, vendors sold subsidized Egyptian baladi bread for almost nothing in Al-Sayeda Zeinab market, a bustling hub for this city’s working class. One day last month, there was suddenly Continue Reading
Libyan prime minister-designate Fathi Bashagha was forced out of the capital Tripoli on Tuesday by armed militias backed by current interim Prime Minister Adbdul Hamid Dbeibah, who refuses to step Continue Reading
Libya is planning to push a key offshore oil and gas project led by Italian Eni and Libya’s National Oil Company (NOC) in a move that could shift some oil Continue Reading
Libya expects to open all its oil loading terminals after it sets up a mechanism for a fair distribution of the country’s oil revenues among the regions, Parliament Speaker Aqila Continue Reading
Libya’s Zueitina port has received its first oil tanker after temporarily lifting force majeure last week to free up storage space. While Libya’s National Oil Company (NOC) did not issue Continue Reading
Zeuitina was shuttered in mid-April by protestors Libya has declared force majeure on Zeuitina exports It has lost over 500,000 b/d from field, oil terminal shut-ins Libya’s state-owned National Oil Continue Reading
Libya’s Oil Minister Oun: Libya could resume full production within days. Libya’s NOC declared a force majeure on 550,000 bpd of its production last week. Libya’s oilfields, under force majeure, Continue Reading
Algeria, Spain embroiled in dispute over Western Sahara Algeria’s Sonatrach may increase gas price paid by Spain’s Naturgy Spain seeking to become a gas hub for Europe Algeria, which is Continue Reading
Algeria, Spain embroiled in a dispute over Western Sahara Algeria’s Sonatrach may increase gas price paid by Spain’s Naturgy Spain seeking to become a gas hub for Europe Algeria, which Continue Reading
This could have been Algeria’s moment: Europe’s efforts to wean itself off Russian gas should have provided the north African country with a golden opportunity to maximise exports and carve Continue Reading
Brega’s closure follows that of Zueitina on April 18 Libya’s largest field Sharara is also shut-in Around 400,000 b/d output is lost due to closures Libya has called force majeure Continue Reading
Tunisian authorities said they are working to prevent an “environmental disaster” after the Equatorial Guinea-flagged ship sank. A ship carrying 750 tons of fuel sank off Tunisia’s southeastern coast on Continue Reading
Asia forecast to need 1.2 million b/d additional crude in 2022 Dependence of leading Asian oil buyers on Libyan crude flows relatively small Thailand one of the most prominent buyers Continue Reading
Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime Continue Reading
Algeria is set to boost its natural gas exports to Italy by almost 50% with a new deal due to be signed Monday, people familiar with the matter said. The Continue Reading
StalkEgypt, often the world’s top wheat buyer, saw a rise in imports of the grain from Russia in March despite supply and payment disruptions following its invasion of Ukraine that Continue Reading
Eni and Sonatrach CEOs have met with the Algerian Prime Minister. Eni and Sonatrach CEOs have met with the Algerian Prime Minister as part of initiatives set to strengthen the Continue Reading
A measure of Egypt’s non-oil economy dropped to the lowest in 21 months as inflationary pressures made worse by Russia’s invasion of Ukraine as well as a weaker currency led Continue Reading
Biden: Expect ‘Real’ Food Shortages Due to Ukraine War Egypt, the world’s biggest wheat buyer, is cutting back on purchases as two of its largest suppliers are embroiled in a Continue Reading
From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds ($95) each month but it’s no longer enough to adequately feed his family of five. Food prices Continue Reading
The leader of a new Libyan government has vowed to relocate from the country’s east to Tripoli within “days” to replace a rival administration, despite concerns that such a move Continue Reading
With all attention on the war in Ukraine, Libyan oil is once again coming under threat as the prospect of a renewed civil war intensifies amid the amassing of militia Continue Reading
Libya’s largest oilfields could see a resumption of production after what the Libyan National Oil Company (NOC) called the “illicit” closure of crude pumping valves late last week, with engineers Continue Reading
Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons. More than a quarter of Libya’s Continue Reading
Armed group closes pipeline valve connecting Sharara field Brega, Es Sider, Ras Lanuf, Zawiya, Zueitina ports closed Lack of storage could force NOC to cut oil output Libya’s crude production Continue Reading
Italy’s foreign minister said a visit to Algeria on Monday to seek an increase in gas supplies from the country had yielded good results, as Europe steps up its efforts Continue Reading
Highlights Move due to rise in global trade, healthier ship economics SCA working on canal expansion after the Ever Given incident in 2021 Suez Canal is a strategic route for Continue Reading
Highlights North African country increases gas output in 2021 Platts Analytics says Algeria could provide 7 Bcm more gas Rising domestic demand, political crisis may crimp exports In 1981, while Continue Reading
Libya’s oil production hovers around 1 million bpd after recent blockade got lifted Libya’s production goal for end-2022 is 1,45 million bpd, and 1,6 million bpd for end-2023 Political instability, Continue Reading
Highlights Sources warn that an LNA-led oil blockade could be imminent Delayed payments from GNU to eastern PFG raise stakes Libyan production back to near 1.2 million b/d after almost Continue Reading
Just as Libya partially recovered its oil production, bad weather forced the closure of four oil export terminals in the east—a sign that Libya’s crude exports in January will be Continue Reading
Algeria’s state oil and gas producer Sonatrach plans to start its first offshore oil drilling in 2023, the state news agency APS reported on Sunday, citing deputy chairman in charge Continue Reading
Libya’s oil exports, already sharply curtailed following a blockade by paramilitaries in the west, are set to fall further after bad weather closed ports in the east. The Es Sider, Continue Reading
Highlights NOC completes pipeline maintenance linking Waha oil fields Around 300,000 b/d of output still shut-in from PFG-led blockade Libya remains a top oil market risk for 2022: Platts Analytics Continue Reading
Waha line maintenance, western blockade cuts output by almost 500,000 b/d Elections unlikely to happen soon as uncertainty between west and east persists Libya identified as top oil market risk Continue Reading
Maintenance work on a pipeline shut down 200,000 bpd output this week On December 20, Libya declared force majeure on its oil exports after crude oil production had been shut Continue Reading
Oil rose as Libyan supply tightened ahead of an OPEC+ meeting on Tuesday to discuss production policy for February. Futures in New York advanced toward $76 a barrel in Asian Continue Reading
Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline. The latest outage comes less Continue Reading
Efforts to win power in Libya by Saif al-Islam Qaddafi, the son of the country’s late ousted dictator Moammar Qaddafi, won’t succeed, according to the man who’s been at the Continue Reading
AJ-13 is the fifth and final well in the Abu Sennan 2021 drilling program. United Oil & Gas PLC (AIM: UOG) announced on Wednesday that the Al Jahraa-13 (AJ-13) development Continue Reading
Libya’s oil production and exports are threatened again as the presidential election slated for December 24 will likely be postponed. Armed groups descended in the capital Tripoli on Tuesday amid Continue Reading
A Libyan parliamentary committee said Wednesday that it has become “impossible” to hold a long-awaited presidential election in two days as scheduled, in a major blow to international efforts to Continue Reading
Libya has declared a force majeure on oil exports, even as oil prices worldwide are crashing. Libya’s National Oil Company (NOC) has said that crude oil production has been shut Continue Reading
Highlights Armed unit within PFG closes key fields and terminal Analysts expect Dec 24 elections to be delayed Output likely to be volatile in coming weeks Libya’s key southwestern oil Continue Reading
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output Continue Reading
Geopolitics, Politics & Conflict In Libya, where elections are supposed to be held on December 24th, there has been a delay in approving the official candidate list, which could mean Continue Reading
Ten years ago, Khaled Mami cheered the fall of Moammar Gaddafi’s regime, hoping it would usher in a new period of prosperity. Instead, Libya was consumed by civil strife. By Continue Reading
The decision last week by Libya’s Government of National Unity to approve the sale of Hess Corporation’s stake in the Waha oil concessions could reignite Libya’s oil boom While there Continue Reading
Royal Dutch Shell (RDSa.L) is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources Continue Reading
