Libya’s National Oil Corporation (NOC) will sign offshore gas exploration and production deals with Italy’s Eni on Saturday, NOC head Farhat Bengdara told a television channel.
Browsing: Oil & Gas
The flow of gas from Libya to Italy has been restored to levels of 7-8 million cubic meters per day, after the interruption on 5 and 6 January and the reduction in the following two days, Italian news agency Nova reports.
Libya intends to raise its oil production to 1.5 million b/d in 2023 with plans to scale up to 2 million b/d within 3 years, revealed Oil Minister Mohamed Aoun.
Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, discussed Friday, in Washington with Josh Corless, Vice President of International Governmental Affairs at ConocoPhillips, continuing investing in Libya.
Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns, reported Reuters.
Member of the House of Representatives, Hassan Al-Zarqa, confirmed that the commander of the Libyan National Army, Field Marshal Khalifa…
Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China, Reuters reported.
The Libyan Prime Minister, Fathi Bashagha, directed a message to the Italian oil company, Eni, regarding its entry into discussions with the Government of National Unity (GNU) about amending oil quotas.
Arabian Gulf Oil Company official, Abu Bakr bin Amer, held a meeting with representatives of the SLB Schlumberger North Africa,…
The Organization of Petroleum Exporting Countries (OPEC) has agreed to write off Libya’s accumulated debts, estimated at 20 million Libyan dinars, Libya’s Ministry of Oil and Gas announced on Monday.