Tag Archives: Libya

The Minister of Oil and Gas, Mohammed Aoun, has stated that a new gas pipeline parallel to the existing one, could be extended to Italy, within four to six months, noting that Libya exports about 250 to 300 million cubic feet of gas to Italy per day. “There are huge …

Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producers, a report by the Organisation of the Petroleum Exporting Countries (OPEC) said. The monthly OPEC report showed an increase in oil production by ten countries last August, led by Libya, Saudi Arabia and Kuwait as Libyan production reached …

Libya’s oil output is finally increasing following the political crisis that restarted earlier this year following the failed Presidential elections of December 2021. The country is now attempting to ramp up its crude production through the summer months. As global demand stays strong and oil prices continue to increase, Libya …

The state-owned National Oil Corporation (NOC) of Libya on Saturday said that it plans to increase the daily oil production to 1.2 million barrels, Trend reports citing Xinhua. “The NOC is striving to increase production and bring it back to its normal rates of 1.2 million barrels per day in …

Libya’s National Oil Corporation (NOC) aims to bring back production to 1.2 million barrels per day (bpd) in two weeks, NOC said in a statement. “NOC is striving to increase production and bring it back to its normal rates of 1.2 million barrels per day in two weeks,” according to …

Libya’s National Oil Corporation (NOC) declared force majeure on crude exports from its oil terminals amid continued blockades of production and ports, which have severely crippled Libya’s oil exports. The force majeure comes after weeks of protests and closures amid the new rift in Libya’s political class over who should …

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 …

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 …

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. …

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 …