The Governor of the Central Bank of Libya, Saddek Elkaber, said Libya needs to boost oil production to enact sweeping development plans and diversify an economy heavily reliant on energy exports.
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The National Oil Corporation (NOC), Libya’s state-owned oil company, has approved the reactivation of the ethylene plant in the industrial complex of Ras Lanuf, in the Gulf of Sirte, after a standstill of over ten years.
Oil Minister of Libya’s Government of National Unity, Mohamed Aoun, held talks on Friday with the French Ambassador in Libya, Mustafa Maharaj, and his accompanying delegation.
Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading, according to Reuters.
TotalEnergies has completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions is increased from 16.33% to 20.41%.
Libya was ranked first among African oil producers for the month of October, with its daily production growing by about 6 thousand barrels per day to around to 1.163 million barrels of oil per day, according to the Organization of the Petroleum Exporting Countries (OPEC).
The Libyan National Oil Corporation (NOC) reviewed in a meeting with officials of Eni, Italian energy company, the lifting of force majeure and the resumption of the company’s exploration activity in Libya, according to NOC.
Greek Foreign Minister Nikos Dendias said his country is looking forward to an agreement to demarcate exclusive economic zones with…
Turkish Foreign Minister Mevlut Cavusoglu admitted that the maritime memorandum with Libya “is not an international agreement, because the UN-backed…
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.