Oil and gas

Libya's Oil and Gas Minister, Mohamed Oun, stated that as the country stabilizes, it will take two to three years for Libya to raise its average oil production levels to 2 million barrels per day.Things settled as soon as Libya emerged…

Mohamed Al-Hawaij, Minister of Economy and Trade, and Mohamed Oun, Minister of Oil and Gas, addressed the possibility of oil refineries being built in the region.This was revealed during a meeting at the Ministry of Economy's…

The Libyan oil company, Waha Oil announced that it is preparing to recommence the second stage of its El-Farag gas field development.The first stage of the project was restarted in November after the end of the country's oil production…

Libya's Prime Minister Abdul Hamid Debaiba recently issued a decision to create a Ministerial Committee to study the possible withdrawal of fuel subsidy by the government in an attempt to reform it and boost the country's struggling…

In their scheduled announcement of revenues garnered in February, Libya's National Oil Cooperation disclosed the profits made from the sales of crude oil and its derivatives and revisited the possibility of unfreezing oil revenue funds in…