Tripoli, Libya – Prominent Libyan businessman Ahmed Al-Ghazali has expressed optimism regarding Libya’s economic outlook, stating that the country is…
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Libya’s state National Oil Corporation (NOC) revealed today that Libya’s total exports of crude oil during 2023 exceeded 432 million barrels, or an average of 1.184 million barrels per day.
Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum that ends on Friday.
The chairman of Libya’s National Oil Corporation (NOC), Farhat Bengdara, called upon executives of the Waha Oil Company to complete…
The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, followed up with the strategic project managers on the progress of the projects and their completion rates.
Oil steadied on Wednesday, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas war and the shutdown of a top Libyan oilfield balanced rising U.S. output and worries about weak economic growth, according to Reuters.
Chairman of Libya’s National Oil Corporation (NOC), Farhat Ben Qaddara, met in Benghazi today with community representatives from the country’s southern region of Fezzan.
Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s heavy losses.
Prime Minister Abdul Hamid Dbeibeh declared on Monday that Libya’s Fuel subsidy system is “a drain on the state budget”, according to a statement by his media office.
A recent report by Oil Price pointed to the continued impact of Libya’s political and security turmoil on the country’s…