Libya’s oil exports to China doubled since last year

Libya’s oil exports to China this year, totalling $3.5 billion so far, are already more than double last year’s, Libya’s National Oil Corporation (NOC) said on Thursday. NOC Chairman Mustafa Sanallah said during a meeting with…

Oil Libya makes a re-brand into OLA Energy in Kenya

Libya Oil Kenya Limited unveiled a new visual identity Wednesday, under the brand OLA Energy, the new brand for its extensive network of retail outlets and petroleum products, Capital Business reported.  “This new brand captures the…

Algeria’s state oil firm abandons Libya drilling work

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions. Sonatrach said it had first evacuated its personnel from Libya and then transported production equipment across the border.…

Libya reopens Al-Bayda oilfield

  Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in June. The field has a current capacity of…

Libya, UAE to cooperate in oil sector

The Libyan National Oil Corporation (NOC) chairman  Mustafa Sanallah met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London…

Eni to acquire 42.5% of BP’s stake in Libya

Italy’s ENI (ENI.MI) is set to acquire a 42.5 percent stake in BP’s (BP.L) Libya acreage, according to a statement on Monday. The two companies, along with state-owned National Oil Corp, signed a letter of intent in London on Monday…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept