Libya’s Large Shut-in Oil Field Faces Possible Rival Clashes
A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly Continue Reading
Libyan Commander Seizes Shuttered Oil Field
A Libyan general has seized the country’s largest oil field, according to officials, cementing control over one of the North African nation’s key economic resources and increasing the likelihood the Continue Reading
U.N.-backed government dispatches force to Libya’s Sharara oil field, al Jazeera TV says
A Petroleum Facilities Guard unit belonging to the Libyan government backed by the United Nations is heading to the El-Sharara oil field, Qatar-based al Jazeera TV reported in a tweet Continue Reading
Libya Earmarks $50B To Boost Oil Production
The state-held National Oil Corporation (NOC) of Libya has a budget of US$50 billion to invest in its oil and gas sector this year, as it looks to overcome safety Continue Reading
Libya’s Oil Future Depends On This Huge Oil Field
There is no respite for Libya on its bumpy road to recover crude oil production to the levels of 2011, when the toppling of Muammar Gaddafi plunged the country into Continue Reading
Egypt to invest $9 billion refineries’ upgrade over four years: minister
Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister Continue Reading
Libya Reopens Oil Ports After Prolonged Halt
Libya reopened on Thursday all its oil loading terminals where operations were suspended for nearly a week due to inclement weather, S&P Global Platts reports , quoting a source close Continue Reading
Glencore Loses Exclusive Oil Sale Rights To Libyan Crude Grades
Glencore has lost its exclusive right to market two of Libya’s crude grades and oil companies like Shell and BP have already had their first allocations of the grades to Continue Reading
Libya Aims To Double Oil Production Within 2 Years
Libya plans to pump 2.1 million bpd of crude oil by 2021 if the security situation improves, the chairman of the National Oil Corporation, Mustafa Sanalla, said as quoted by Continue Reading
Libya’s oil revenue rose to $24.4 billion in 2018: NOC
Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in a statement on Sunday. NOC also said it recorded Continue Reading