Oil

Libya’s oil production has dropped to between 600,000 and 700,000 barrels per day (bpd) from more than one million following clashes at its Ras Lanuf and Sidra oil terminals, a Libyan oil source said on Wednesday.The National Oil…

The Chairman of Libya’s National Oil Corporation (NOC) Mustafa Sanallah confirmed on Friday that Khalifa Haftar’s so-called "Libyan National Army (LNA)" had regained control of the key oil ports of Ras Lanuf and Sidra, saying he hoped…

Sources from the oil crescent region confirmed on Thursday that the forces of the self-styled army of Khalifa Haftar had taken control of oil crescent region's terminals and positions after clashes that saw the forces of Petroleum…

Libya’s National Oil Corporation (NOC) announced Sunday that storage capacity at Ras Lanuf oil terminal had been cut by 400,000 barrels after a second crude oil tank was set on fire amid fighting between rival factions for control of…

Libya's National Oil Corporation (NOC) warned Saturday of an environmental disaster after clashes in its eastern Libya's oil crescent region, where 34 people from both sides were killed according to local military and media sources.…

Austria is the host of the ‘1st Libyan-European Oil & Gas Summit’, which will be held from 28-29 June 2018 at the Marriott Hotel in Vienna. The agenda not only covers topics like the restoration and renewal of the Libyan oil and gas…

Libya’s National Oil Corporation (NOC) has appointed Imad Ben Rajab as its interim head of international marketing department, the state company said on Friday.Ben Rajab has been serving as a senior official in the NOC’s marketing…

Protesters have called on workers at the Waha oilfield in eastern Libya to shut down production but it was unclear whether output had actually stopped, a spokesman for the protesters said on Wednesday.The group of youths had earlier…

Several unemployed Libyan youths vowed on Sunday to shut down oilfields in Marada town in the eastern Libyan region unless demands for better state services are answered by the government.An oil engineer reported to Reuters that…

Oil production at Sirte Oil Co, a subsidiary of Libya’s state-owned National Oil Corp (NOC), now stands at 61,000 barrels per day (bpd), a senior official said on Saturday.Mohamed Aoud told Reuters that Sirte hoped to raise…

Libya has resumed crude oil flows to the Es Sider export terminal after completing repairs to the pipeline that was damaged by an explosion on Saturday, sources close to the work said Wednesday.Libya's crude oil production was cut…

The National Oil Corporation (NOC) in Libya said in a statement on Sunday that the pipeline operated by Libya’s Waha Oil Co that feeds Es Sider port will take few days top repair and regain about 80.000 bpd of crude. Libya’s National…

 Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy Marathon Oil’s stake in the country’s Waha concessions, several sources familiar with the matter…

A fire that broke out on a pipeline operated by Libya’s Waha Oil Co that feeds Es Sider port has been brought under control, an engineer at the port said on Sunday.Libya’s National Oil Corp (NOC) had said it expected a loss of…

The warplanes of the Libyan eastern air force air-raided a location "Qalah Camp" in eastern Bani Walid, central Libya, nearby Saddada camp, where Petroleum Facilities Guard personnel are located. The air attack left…

Mellitah Oil and Gas Company in Libya said work has been suspended in its complex due to the second phase of the Salam Oilfield Project.The company said in a statement that this stage of wok will see the addition of 10 wells so the…

Libya is producing around 1.05 million barrels of oil per day (bpd) with much of it being exported abroad, primarily to Europe, Reuters reported on Friday, citing a source in Libya’s oil industry. Libya’s oil output has been subject…

Workers' strike at the Libyan oil port of Al-Zawiya delayed loading activity on Monday but negotiations were under way to resolve the dispute, several oil and trading sources told Reuters. Workers at…

Reopening Libya’s 70,000 barrel-per-day Al-Feel oilfield, which was shut by a dispute on February 23, has been agreed on, the Petroleum Facilities Guard (PFG) said on Wednesday. “It has been…

Oil steadied after its steepest weekly loss in a month as Libya resumed production at its biggest oilfield following a brief halt.Futures in New York rose 0.2 percent after a 3.6 percent decline last week. The…