Eastern Libya Sees Power Outages As A Result Of Oil Blockade
The closure of oil ports in the Gulf of Sirte is the main reason for the power outages in eastern Libya, the National Oil Corporation (NOC) says. “By closing the Continue Reading
Overflowing Oil Storage Tanks Raise Risk Of Accidents In Libya
Oil tanks full to the brink at Libya’s oil export terminals are posing a risk to local communities and the facilities themselves, the chairman of the National Oil Corporation, Mustafa Continue Reading
Libya’s Waha oil fields repair work almost completed
Libya’s Waha oil fields have had work carried out on them to maintain the production and service facilities after they were offline for more than seven months due to an Continue Reading
Libya’s Oil Blockade Will Help Clear The Global Supply Glut
Libya’s port blockade is set to keep the North African country’s oil off the market until at least the fourth quarter of 2020, which, as devastating as it will be Continue Reading
Libya’s NOC head warns of potential disaster at oil ports due to armed conflict
The head of Libya’s state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the country’s key oil export terminals risks a potentially worse disaster Continue Reading
Libya’s Meager Crude Oil Exports Set To Plunge In August
With Libya’s conflict escalating, the country’s crude oil exports are set to be just 1.2 million barrels in August, a 40-percent plunge from July, Bloomberg reported , citing an initial Continue Reading
Oil Majors Discover Significant Gas Field In Egyptian Waters
European majors Eni, BP, and Total have successfully tested a new natural gas discovery in Egypt’s shallow waters, the Italian company said on Tuesday, commenting on its find that adds Continue Reading
Russian Oil Grab in Libya Fuels U.S.-Kremlin Tensions in Mideast
Military contractors linked to the Kremlin have seized control of two of Libya’s largest oil facilities in recent weeks, heightening tensions between Russia and the U.S. over Moscow’s growing footprint Continue Reading
Armed Groups Clash In Libya’s Oil Crescent
Violent clashes erupted over the weekend between two armed groups in the Brega region, in Libya’s Oil Crescent, the Libyan National Oil Corporation said in a statement. “Violent Clashes took Continue Reading
Libya’s war becomes a global scramble for power and prestige
If Afghanistan is the proverbial “graveyard of empires,” Libya is becoming a crucible for would-be regional powers. The intractable civil war that has carved apart the oil-rich North African country is in reality a multisided Continue Reading