Oil prices witnessed a sharp decline during the trading of the United States market, as futures contracts for Brent crude for May delivery fell by about 13% to $ 110.2 a barrel.
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The Libyan National Oil Corporation (NOC) has announced that on Thursday the valves located in the Al-Riyayna area on the “Al-Sharara -Zawiya” line were opened, after being locked by outlaw groups, and the pumping was started at 1:00 a.m in the dawn.
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The British Oil Company (BP) agreed with Libya’s National Oil Corporation (NOC) to resume its oil activity in the country, NOC announced on Monday.
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The Libyan Oil Ministry has called on the relevant parties to intervene and consider the demands of the people who closed the crude pumping valves of the El Sharara and El Feel oilfields lines in the southwest of the country.
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The Libyan National Oil Corporation (NOC) has revealed that closure of crude pumping valves from the El Sharara and El Feel fields is causing a loss of 330 thousand barrels per day and a daily loss exceeding 160 million Libyan dinars (over $30 million).
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Zueitna Oil Company announced its need to appoint a number of employees in the marine field, to work in its oil port.
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Libyan Oil Ministry issues a statement objecting to the National Oil Corporation’s suspension of exports due to “bad weather”:
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The manager of Halliburton’s office in North Africa Ahmed Helmi said the American company aims to make a strong return…
In light of the tension between Russia and the West, Libya is trying to maintain balanced positions, but is unable to produce enough gas to make up for a possible reduction of Russian supplies to Europe, said Libyan Oil Minister Mohamed Aoun.
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The new Tahara oil field in the Hamada area, in the west of Libya, will produce 14,000 barrels of oil per day, announced the Arabian Gulf Oil Company (AGOCO) in a press release.
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