Libya’s oil revenues, from the beginning of 2022 until now, have reached 77.17 billion Libyan dinars (15.2 billion U.S. dollars), announced the Tripoli-based Ministry of Finance.
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The Mellitah Oil and Gas Company, a joint venture of Italy’s Eni and Libya’s National Oil Corporation, has completed maintenance work on two oil wells in the Al Remal and Abu Tifl.
Angola and Libya overtook Nigeria as Africa’s largest crude oil producers, according to the Organization of the Petroleum Exporting Countries (OPEC).
Members of the Oil Facilities Guards in Libya have threatened to close three oil ports if their salaries are not increased, according to a report by the Libyan Al-Wasat news website.
Libya’s production of crude oil has climbed to one million and 205 thousand barrels per day during the last 24 hours, the state-owned National Oil Corporation (NOC) announced on Sunday.
The National Oil Corporation (NOC) announced, on Friday, that the production of crude oil in the country reached 1.194 million barrels during the past 24 hours, and the production of condensate reached 55,000 barrels.
Oil prices increased Thursday after their biggest decline Wednesday by close to 6 percent, down to its lowest level in nearly 9 months, specifically since January 2022.
The Libyan National Oil Corporation (NOC) on Monday attributed decline in oil production to technical issues related to electricity in the Masala and Sarir oilfields.
The Libyan National Oil Corporation (NOC) decided to transfer the headquarters of Zallaf Libya Exploration and Production of Oil and Gas to the city of Sebha in the South, according to its decision No. (83) for the year 2022 published on its official Facebook page.
Libya’s crude oil production amounted to 1.211 million barrels during the past 24 hours, National Oil Corporation (NOC) has announced.