OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
As world powers back a cease-fire in Libya to end months of fighting, a recent injection of mercenaries by rival foreign backers threatens to unravel efforts to establish a long-term Continue Reading
Libya’s oil operations have been dealt a blow during the last 24 hours, after local Libyan tribes, allies of Libya’s General Haftar’s LNA, disrupted production at the El Feel and Continue Reading
At least five people died and dozens of others were rushed to hospital late on Sunday after an oil pipeline exploded in Nigeria in a blast that the authorities believe Continue Reading
Somalia has invited Turkey to carry out offshore oil exploration works in the territorial waters of the African country, Turkish President Recep Tayyip Erdogan said on Monday, as reported by Continue Reading
In the wake of the dastard act that threw major parts of Lagos into mourning Sunday evening, the Nigerian National Petroleum Corporation (NNPC) has revealed that the numbers of pipeline Continue Reading
Countries struggled at an international peace summit for Libya struggled on Sunday to draw eastern military commander Khalifa Haftar back into diplomacy, days after he quit talks and more than Continue Reading
When top American and European officials gather in Berlin for a one-day summit on Sunday, they will try to persuade Libya’s warring sides — and their main international backers — Continue Reading
What’s behind the fight for Libya? Libya’s warring rival factions are joining major powers in Germany in a renewed push to secure a ceasefire to halt the civil war. The Continue Reading
Foreign powers agreed at a summit in Berlin on Sunday to shore up a shaky ceasefire in Libya, but the meeting was overshadowed by blockades of oilfields by forces loyal Continue Reading
World leaders at a Libya conference in Berlin did not discuss possible sanctions for violations of an international arms embargo, Chancellor Angela Merkel said on Sunday. Speaking at a news Continue Reading
World leaders agreed on a final communique at the Libya conference in Berlin, one summit participant told Reuters on Sunday, without giving details. German Chancellor Angela Merkel and United Nations Continue Reading
Libya’s oil sector could go into a tailspin with two-thirds of its total crude oil production of around 1.20 million b/d at risk after its key oil ports were suspended Continue Reading
International backers of the two main sides of the conflict in Libya agreed to support a cease-fire and uphold an embargo on the arms and financing that are fueling the Continue Reading
OPEC member Libya was producing between 1.15 million and 1.20 million b/d last week before the blockade began. Libyan crude production averaged 1.06 million b/d in 2019, according to S&P Continue Reading
Turkish President Tayyip Erdogan has called on Europe to support its work in Libya, where it is providing military support to the internationally-recognized government if it wants to end the Continue Reading
Oil exports from eastern and central Libyan oil ports will be shut from Saturday resulting in the loss of 700,000 barrels a day, a source at state oil firm NOC Continue Reading
The closing of Libya’s oil ports is “a huge step” by the Libyan people, the spokesman of Libyan forces loyal to eastern-based commander Khalifa Haftar said on Friday. Spokesman Ahmed Continue Reading
After years of declines in crude oil production, one of OPEC’s largest African producers, Angola, is finally about to see its production rising in the coming years, with several new Continue Reading
Egypt imported 6.32 million mt of thermal coal in 2019, up 31% on the previous year, according to official data from the Port of Alexandria, boosted by strong demand from Continue Reading
Total will drill an ultra deepwater well off the coast of Angola that will be the deepest in the world, Bloomberg reports , citing Maersk Drilling, which has been hired Continue Reading
The Vice President, Dr Mahamudu Bawumia, has said that the country loses over 200 million dollars per annum in tax revenues due to illicit activities in the downstream petroleum sector. Continue Reading
While the truce could put the Libyan National Army’s push to seize the capital on hold, it raises the risk that oil exports will be used as a negotiating tool…. Continue Reading
Brokered talks between Libya’s two main warring parties, the Libyan National Army and the U.N.-recognized Government of National Accord, have ended without an agreement after LNA leader Khalifa Hifter refused Continue Reading
Head the UN-backed Government of National Accord (GNA) in Tripoli, Fayez al-Sarraj, and Benghazi-based General Khalifa Haftar who is now warring for control of the capital, were actually in the Continue Reading
Turkey will not refrain from “teaching a lesson” to Khalifa Haftar, the commander of eastern Libyan forces, if they continue attacks against the country’s internationally recognized government, President Tayyip Erdogan Continue Reading
Libya’s warring rival leaders will hold peace talks in Moscow on Monday alongside representatives from Russia and Turkey, Russian news agencies cited the Russian Foreign Ministry as saying. The talks Continue Reading
Both of Libya’s warring factions accused each other of violating a ceasefire proposed by Turkey and Russia, as fighting continued around the capital, Tripoli, on Sunday. The Turkish and Russian Continue Reading
Exxon Mobil Corp. XOM -0.89% is in talks to sell its oil assets in Equatorial Guinea, the country’s oil minister said, and might be replaced there by a Russian company—among other options—as U.S. companies Continue Reading
Nigeria is shifting its upstream work towards NGLs and natural gas, to better comply with its crude production quota under the OPEC+ agreement, the head of the country’s national oil Continue Reading
The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, stated that Nigeria imported 19.18 billion litres of petroleum products in 2019, while the country’s refineries produced only 166.33 million litres of Continue Reading
South Africa needs to seriously start thinking about shifting its energy focus. This is for two reasons. The first is that the country’s important exports – coal and platinum – Continue Reading
East Libya based forces led by Khalifa Haftar said on Thursday they would continue in their military campaign against rival forces in the capital Tripoli, appearing to reject a call Continue Reading
Senegal’s government has given the go-ahead to the development at its first oil project, the Sangomar offshore field, operated by Australia’s Woodside Petroleum. The start of production from the $4.2-billion Continue Reading
Paulin Bolumbu thought his family lived a safe distance from the Congo River, but in November the water overran its banks by more than half a kilometer, inundating his corrugated Continue Reading
European leaders warned Libya’s internationally recognized prime minister on Wednesday against allowing Turkish troops on Libyan soil or agreeing to a natural gas deal with Turkey to avoid worsening the Continue Reading
With Putin in Turkey on Wednesday ceremonially launching the much-anticipated offshore pipeline TurkStream, which will supply Russian gas to Turkey and southern Europe, it’s actually events in Libya and Syria Continue Reading
Lower amounts of revenue might be available for sharing by the three tiers of government through the Federation Accounts Allocation Committee (FAAC) in the coming months as the cost borne Continue Reading
Libya’s oil revenues fell by 19 percent from October to stand at US$1.8 billion in November 2019, the country’s National Oil Corporation (NOC) said , attributing the decline to the Continue Reading
The planned arrival of Turkish military advisers in Libya should bolster the internationally recognized government, but may not be enough to turn the tide of a conflict in which eastern-based Continue Reading
Libyan forces loyal to eastern-based commander Khalifa Haftar said on Monday they had taken control of the strategic coastal city of Sirte in a rapid advance preceded by airstrikes. Holding Continue Reading
The United Nations Libya envoy said on Monday that a country supporting commander Khalifa Haftar’s self-styled Libyan National Army (LNA) was likely responsible for a deadly drone attack on a Continue Reading
The self-styled Libyan National Army is fighting an insurgency against the UN-backed Government of National Accord Rebel forces in Libya say they have taken control of the coastal city of Continue Reading
Nigeria’s oil sector may not get a much-needed revamp in 2020 as President Muhammadu Buhari’s state-led economic model will likely throttle reform and blunt efforts to increase oil production in Continue Reading
Turkish President Recep Tayyip Erdogan has said troops have begun moving into Libya after parliament approved the move last week. He said their mission was to ensure stability for the UN-backed Government Continue Reading
At least 30 people were killed and 33 others wounded in an attack on a military academy in the Libyan capital late on Saturday, the health ministry of the Tripoli-based Continue Reading
The U.S. military said that an attack on a shared military base by Somalia’s al Qaeda-affiliated al-Shabaab on Sunday killed three Americans, highlighting the threat the Islamist group still poses Continue Reading
South Africa’s struggling state power firm Eskom said on Sunday that it would extend electricity cuts until 5 a.m. local time (0300 GMT) on Monday. Eskom said late on Saturday Continue Reading
Turkey’s parliament has authorized the government to dispatch troops to Libya, highlighting Ankara’s increasingly assertive policy in the Mediterranean region. A resolution approved during an emergency parliamentary session on Thursday gives Continue Reading
Donald Trump warned his Turkish counterpart that “foreign interference is complicating the situation in Libya”, after Ankara voted to send troops to the oil-rich North African state. Mr Trump spoke to Continue Reading
