Oil production in Libya exceeded 1.2 million barrels per day

Oil production in Libya has already exceeded 1.2 million barrels per day (bpd), a source in Libya’s oil industry told Reuters on Friday, while this faster-than-expected output resumption could give OPEC+ yet another reason to reconsider its…

Libya’s peace process and Germany’s role

The partnership between the United Nations Development Programme (UNDP) in Libya and the Government of Germany, aimed at working together with national stakeholders towards peace, stabilisation and development in Libya was strengthened…

Libya sides agree to hold elections within 18 months

Libya’s warring sides agreed Wednesday to hold elections within 18 months, according to the head of the UN Support Mission in the country.The decision came during the UN-sponsored Libyan Political Dialogue Forum (LPDF) which began…

Libya reopens border crossing with Tunisia

Border crossings between Libya and Tunisia were reopened on Saturday after an 8-month closure due to the coronavirus outbreak, according to Libyan sources.The move which was taken by the Interior Ministry stands to benefit trade between…

Waha Oil’s continued efforts to return to Dahra field

Waha Oil’s oldest oil field had halted all production in March 2015 due to extensive vandalism and property damage.The field which was the very first one to open in Bahi station had halted all production due to damage withstood in its…

The US election of 2020

The November 3, 2020, presidential election was arguably the most important election in USA postwar history. In these elections, moreover, the participation of American voters was the largest since 1900, demonstrating the resurgence of…

Oil prices soar as vaccine optimism goes viral

Crude oil prices soared on Monday on the twin hopes of a vaccine against COVID-19 and concerted action by the OPEC+ alliance to keep a tight grip on oil supply.Brent crude, the global benchmark, jumped 9 percent to more than $43 a…

EU welcomes commencement of intra-Libyan negotiations

The EU Heads of Mission has welcomed the announcement regarding the commencement of the Libyan Political Dialogue Forum."The EU Heads of Mission welcome the recent positive and courageous steps taken by Libyans to end years of conflict…