Libya Refiner Stops Working On Oil Shortage
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid the continued blockade of oil ports that has led to the shutdown of several fields, Reuters Continue Reading
For Thousands of Years, Egypt Controlled the Nile. A New Dam Threatens That.
The Egyptian farmer stood in his dust-blown field, lamenting his fortune. A few years ago, wheat and tomato-filled greenhouses carpeted the land. Now the desert was creeping in. “Look,” he Continue Reading
Libya’s Economic Losses From Port Blockades Surpass $930 Million -National Oil Corporation
Economic losses resulting from the blockades of Libyan ports used by the National Oil Corporation of Libya ( NOC ) have surpassed $930 million , the NOC reports. In January Continue Reading
Libya Oil Production Slips To 200,000 Bpd
Libya is producing about 204,000 bpd of crude oil at the moment, an unnamed source has told Bloomberg, as a blockade of the country’s export terminals and several fields enters Continue Reading
U.N. Libya envoy says military rivals ready to negotiate in Geneva
The U.N. envoy to Libya said on Tuesday there was a “genuine will to start negotiating” between rival military factions as they planned to meet for the first time for Continue Reading
Is Egypt’s Energy Hub Dream Falling Apart?
Since the end of the 1990s Egypt has dreamt of becoming an East Mediterranean gas and energy hub. The discoveries offshore in the Nile Delta at the end of the Continue Reading
Eni’s Libyan JV Loses 155,000 Bpd because Of Continued Blockade
Eni’s joint venture with the Libyan National Oil Corporation is losing 155,000 barrels of oil per day of production because of the continued blockade of oil export terminals and fields, Continue Reading
Libya’s Warring Factions Resume Fighting in Threat to Cease-Fire
A resumption in fighting in Libya is threatening to unravel efforts to end a nearly decadelong crisis in the North African country, less than two weeks after foreign backers of Continue Reading
The Real Reason Russia Wants A Ceasefire In Libya
The destabilization of Libya after the ousting of longtime dictator Muammar Khadaffi has created an unstable country where states support a proxy in the continuing civil war. The recent focus Continue Reading
Mediterranean sweet crude market pressure grows as Libyan blockade enters second week
As the Libyan National Army’s blockade of the country’s oil ports enters a second week, the urgency with which European oil traders are seeking alternatives to fill the 1 million Continue Reading