The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for fraud, according to Libyan security and judicial officials cited by Bloomberg —and the bank Continue Reading
A tanker carrying 1 million barrels of Libya’s light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the Continue Reading
Libya’s oil terminals at Hariga, Brega, and Zueitina are open for business and welcoming tankers to ship oil, although the biggest port and the terminal typically exporting the oil from Continue Reading
The return of Libya’s oil to the market is partially underway as a tanker has reached the eastern port of Marsa el-Hariga to load 1 million barrels of oil from Continue Reading
Libya’s state oil company reopened another port, the third to resume operation in less than a week, as a political truce takes hold. (Bloomberg) — Libya’s state oil company reopened Continue Reading
In recent years, Russia and China have been facing off to spread their nuclear power dominion to a new, huge, and vastly untapped market: Africa. The two nuclear power giants Continue Reading
Libya’s National Oil Corporation (NOC) sees oil production rising to around 260,000 barrels per day (bpd) next week, up from some 100,000 bpd before the blockade of its oil ports Continue Reading
An “important” regional natural gas project will be revealed soon, Egypt’s energy minister said Sept. 22, as six east Mediterranean states and the Palestinian National Authority launched a Cairo-based gas Continue Reading
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring Continue Reading
Libya’s state-owned National Oil Corp. expects its production to rise to 260,000 b/d during the week starting Sept. 27 following the lifting of force majeure and the end of an Continue Reading
