Browsing Tag

#Oil

Libya’s NOC issues arrest warrants of oil smugglers

  The Libyan National Oil Corporation (NOC) on Monday confirmed that arrest warrants have been issued by the Attorney General against fuel smugglers in western Libya.   “NOC commends the Attorney General’s…

IS terrorists attack Libya oilfield, three killed

Three militants from the so-called Islamic State (IS) were killed and others wounded as Petroleum Facilities Guard (PFG) forces thwarted an attack by the terrorists on Zallah, central Libya.   The clashes between the…

Libya to diversify sources of national revenue

  The Libyan authorities said on Saturday that it is seeking to diversify sources of national income now based entirely on oil.   Libya "seeks to benefit from financial revenues of exports, in order to reduce the…

Libya’s oil recovery helped oil prices soar to new highs

Libya’s crude oil production has risen 400% since August 2016 as the country plans to increase its oil production in 2018 despite production cuts. Market Realist reported that any increase in Libya’s crude oil production could weigh…

Libya’s state oil firm reopens 50.000 bpd oilfield

The Libyan National Oil Corporation (NOC) announced on Sunday reopening the eastern Assarah oilfields, which produce more than 50,000 barrels per day (bpd) but had been shut in by a blockade since last November. According to sources…

Three workers die of inhaling gas at a Libyan oil field

Three workers, two of them Sudanese, died in an accident at Libya’s Zelten oil and gas field on Saturday, an oil source said. They died after inhaling gas during maintenance works, the source said, adding that a fourth person was…

OPEC extends output cuts and Libya is included

After two dozen crude-producing nations agreed to limit their output through the end of 2018, oil prices rose high on Friday, heading toward 2½-year highs. International Brent crude scale surged 1.8%, to $63.74, not far off last…