Tag Archives: Libya

Libya Overtakes Nigeria as Africa’s Biggest Oil Producer

A new study from the Organization of Petroleum Exporting Countries (OPEC) said that Libya has surpassed Nigeria as Africa’s biggest oil production, the Nigerian newspaper PM NEWS reported. Nigeria’s oil output decreased to around 1.23 million barrels per day (bpd) in October, down from roughly 1.25 million bpd the previous …

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Libya’s Oil Output Drops as Pipelines Creak

The National Oil Corporation (NOC) said that oil production at Libya’s Gallo field will drop by about 70,000 barrels per day, after an oil pipeline leak that occurred yesterday. The corporation said in a statement that this reduction process will enable engineers to control the leakage of the 30-inch line, …

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Gazprom Resumes Oil Production in Libya

The Russian majority state-owned multinational energy corporation Gazprom has resumed oil production in Libya following a ten-month hiatus. The ports, export terminals and production facilities in Libya have gradually restarted operations, according to a report by the Russian news agency Tass. The managing director of Gazprom’s subsidiary Gazprom EP International, …

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