A gas pipeline connecting Libya to Greece is “useless”, according to the Ministry of Oil and Gas of the Libyan Government of National Unity, led by Prime Minister Abdul Hamid Dbeibeh.
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Turkish Energy Minister Fatih Donmez confirmed that “the Turkish-Libyan memorandum opened new horizons for Ankara, to become a partial supplier…
The Arabian Gulf Oil Company (AGOCO) announced the completion of the operation of the “G318” well in the fifth station of the Nafoura oil field, located between Jallo and Ajkhara in the southeastern Libya, and put it on production.
Oil prices slipped on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand, Reuters reported.
German ambassador to Libya Michael Ohnmacht said he discussed with Oil Minister of the Government of National Unity Mohamed Aoun “the cooperation framework between Germany and Libya in the energy sector and ways to strengthen partnership in this field.”
The American Exxon Mobil oil and gas company will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday.
The Libyan National Oil Corporation (NOC) has announced that the Russian Tatneft petroleum refineries company had resumed its exploration activity in the blocks located in the Ghadames Basin area in western Libya.
The US is open to the possibility of an energy interconnection between Greece and Libya, a State Department spokesperson stated, according to Greek Reporter newspaper.
The Libyan House of Representatives has issued a resolution to form a committee to set up a mechanism for distributing oil revenues according to geographical distribution, population, and oil and gas production and export areas.
Libya’s state-owned National Oil Corporation (NOC) is planning to increase the country’s oil production to 2 million barrels per day between 3 to 5 years, announced the company’s chief Farhat Bengdara on Tuesday.