Oil

According to an economic report published by "Montel," Libya is making efforts to double its gas production within five years and boost its exports. The report states that Libya aims to increase gas production to 41 billion…

Libya's newly appointed Minister of Gas and Oil, Mohamed Oun announced that the country's oil sector is back on track with Libya's National Oil Corporation (NOC) set to receive 1.6 billion dollars in developmental spending.Minister Oui…

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…

The Chairman of Libya's National Oil Corporation, Mustafa Sanallah held a meeting with the United Kingdom's ambassador to Libya Nicholas Hopton, in which they discussed the enhancement of economic cooperation and better partnerships in…

The Paris Court of Appeals announced that Libya's National Oil Corporation (NOC) is the winner of an arbitration case against the Libyan Emirates Oil Refining Company (LERCO) in regards to the Ras Lanuf Refinery.In an official statement…

Libya's National Oil Corporation (NOC) this week released their revenues for January from the sales of crude oil, gas, condensate, petroleum and petrochemicals products.In total, the revenues reached $1,409,093,619.13 US dollars, the…

Libya's National Oil Corporation chairman Mustafa Sanalla was awarded the Anti-Corruption medal by the US Secretary of State Antony Blinken.In a statement by the US embassy on its website, it said that Ambassador Richard Norland called…

In a letter sent to the Head of the Government of National Accord (GNA) Fayez Al-Serraj, Chairman of Libya's National Oil Corporation (NOC) Mustafa Sanalla called for the immediate release for the delayed salaries of the eastern-based…

Libyan Oil Company, Waha Oil has announced the reopening of the largest oil pipeline after continued disruptions in production that reduced output to its lowest levels in months.The pipeline is responsible for transporting crude oil to…

Libya's National Oil Corporation announced that revenues of Libyan Oil and Gas exceeded a billion dollars in December of 2020.In an official statement, the NOC announced that revenues for December reached record levels with revenues…

Official statistics have shown that because of the blockade enforced on oil facilities by Haftar forces, Libya's oil revenues decreased by 92% last year, a steep plummet that played a massive role in debilitating the economy by cutting off…

Brega Oil announced the arrival of Anwar Libya, the oil tanker carrying 34 million litres of fuel and the resumption of distribution to companies for delivery to their gas stations.The company confirmed that their distribution is moving…

Oil prices have risen due to the United Kingdom commencing its vaccination against Coronavirus this week.The oil market also received support from the reports that Canada approved a vaccine this week and the United States may soon…

The head of the National Oil Corporation, Mustafa Sanalla met on Sunday with the United Kingdom Ambassador to Libya, Nicholas Hopton, and his accompanying delegation.According to a statement issued by the NOC on its official website,…

According to a study by the United Nations Economic and Social Commission for Western Asia (ESCWA), the ongoing Libyan conflict will cost the country one trillion dollars in lost income.The study which is dubbed 'Economic Cost of the…

The oil marketing company Brega reassured citizens today, that the fuel tanker Anwar Libya is preparing to dock in Tripoli seaport with a load of 34 million litres of fuel.The company clarified in a statement on its official Facebook…

President-Elect Joe Biden has made the much-celebrated decision of having an all-female White House Communications team and named Neera Tanden his pick for the office of Budget and Management.However, Neera Tanden, the president of the…

Foreign currency exchange rates in the Libyan black market have reached record numbers for the first time in years.The dollar on Monday night spiked to 7.03 LYD, a 4.56% increase, which is a number it hasn't risen to since 2017.The…

Head of the Presidential Council of the Government of National Accord Fayez al-Sarraj met today with representatives of the Italian oil and gas company Eni to discuss future partnership and investment in Libya.According to the media…

Sirte Oil Company announced today that field workers and engineers were able to finally operate the second production unit after a three-year suspension.In a statement the company said that during the suspension, restoration work took…