Libya to Resume Full Oil Production Soon
The oilfields in Libya, which are currently closed due to force majeure, could reopen in days. This was made known by Libya's oil minister, Mohammed Oun, following calls from Libyan...
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EU-AFRICA RELATIONS: Italy Negotiating Renewable Energy Deals with Libya and Algeria
Italy is currently in talks with Libya and Algeria about how to mobilise and develop renewable energy resources. The European country is attempting to diversify its energy mix by including...
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BP to Resume Oil and Gas Exploration Activities in Libya
BP, the UK's largest oil and gas company, has decided to resume oil and gas exploration in Libya. The decision is expected to herald in a new age of sectoral...
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Bad Weather Forces Libya to Shut Down Four Oil Ports as Exports Slump
Just as Libya's oil production began to recover, bad weather forced the closure of four (4) oil export terminals in the country's east, indicating that crude exports will be significantly...
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Algeria’s Sonatrach to Return to Libya After Eight years
Toufik Hakkar, the Chief Executive Officer of the Algerian National Oil Company (NOC), Sonatrach, stated on Monday, January 3rd, 2022, that the company is preparing to resume its suspended oil...
Read More Libya Overtakes Nigeria as Africa’s Leading Oil Producer
Libya has historically eclipsed Nigeria as the continent's top oil producer after surpassing Angola as Africa's second-largest oil production in December 2020. Nigerian oil production fell to 1.23 million barrels...
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Libya Hits Record-High Revenues for September amid Latest Oil Price Rally
The National Oil Corporation of Libya recorded $1.796 billion in monthly revenue from oil and related product sales in September, in a business record which is as a result of...
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Eni’s CEO Meets Libyan Prime Minister and NOC Chairman
Libyan Prime Minister Abdulhamid M. A. Dbeibah and Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, met with Eni CEO Claudio Descalzi in Tripoli on Tuesday to discuss the...
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Libya Woos US Companies to Increase its Oil Production
Libya is reportedly asking for US oil companies to return to the oil-rich country, according to Bloomberg. Libya's oil minister, Mohamed Aoun, stated that he hopes U.S. corporations will return...
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Libya Needs to Increase its Oil Production by 40% to Sustain the Sector – Central Bank
Al-Siddiq Al-Kabir, the Governor of the Central Bank of Libya (CBL), has indicated that the country's oil production must increase by at least 40% by 2022 to support sustainable development....
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