Libya’s Oil and Gas Minister Mohammed Oun has said that oil production in the county is now down to 100.000 barrels per day (bpd) from 1.2 million bpd, according to Stephen Innes, managing partner at SPI Asset Management, who was reported by Reuters. Innes said discussion within the oil complex …
Read More »Libya Loses more than One Million bpd Due to Oil Closures
The Minister of Oil and Gas in the Government of National Unity, Mohammed Aoun, said that Libya is currently losing more than 1,100,000 barrels per day (bpd) of oil production due to the closures imposed on major export fields and ports. Aoun added that most of the oil fields are …
Read More »Libya Says Armed Clashes at Key Oil Port Damaged Storage Tanks
Libya’s state oil company said armed clashes at the western port of Zawiya have damaged several storage tanks, as a worsening political crisis engulfs the OPEC member’s energy sector. “Preliminary assessments indicate that 29 sites, including oil derivatives tanks and several other tanks, have been damaged,” the National Oil Corp. …
Read More »Libya Loses 550,000 Barrels Daily due to Oil Fields’ Closure
The National Oil Corporation (NOC) said on Wednesday, that Libya is currently losing more than 550,000 barrels per day of oil production due to the closures imposed on major export fields and ports, Reuters reported. The closures carried out by individuals who present themselves as youth groups or notables in …
Read More »Libya’s NOC Declares Force Majeure on El-Feel Oil Exports
Libya’s National Oil Corporation (NOC) on Sunday declared force majeure on oil exports from the El-Feel oilfield in the country’s southwest. In a statement, the state-owned company said oil production was halted until further notice after a group of people entered the facility and prevented employees from working. It did …
Read More »Libya can Hike Gas Production by 30% with a $1 Billion Investment
Libya can raise its natural gas production by 30 percent with an investment of up to $1 billion, Italy’s Ambassador to Libya, Giuseppe Buccino, said at a round table discussion at the LUISS University in Rome this week. If Libya manages to overcome political disputes, it would have more stability …
Read More »Sharara Oilfield Production Hits 190.000 bpd
Akakus oil operations company said oil production at Sharara oilfield had reached 190.000 barrels per day (bpd), adding that operation work was ongoing for the third day in a row by Libyans since the resumption of operations last Monday. The company expected that Sharara oilfield would reach its normal production …
Read More »NOC Discusses with Haliburton Well Development and Digital Transformation
Libya’s state National Oil Corporation (NOC) discussed with U.S. oil services company Halliburton ways to develop wells and a digital transformation project for the oil sector. The discussions took place yesterday at the NOC’s Tripoli headquarters between NOC Chairman Mustafa Sanalla and the Vice President of Halliburton for the Middle …
Read More »Shell Eyes Return to Libya with Oil, Gas, Solar Investments
Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest. The plan, details of which were seen by Reuters, …
Read More »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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