Libya’s net revenue from the sale of crude oil, natural gas, condensates and petrochemicals exceeded $17 billion in the first ten months of 2023, the country’s state-owned National Oil Corporation (NOC) said in a statement on its official page on Facebook.
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Prime Minister Abdul Hamid Dbeibeh is considering plans to scrap fossil fuel subsidy in attempt to stop smuggling.
Libya’s National Oil Corporation has announced the launch of a new website dedicated to global investors.
Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, according to Reuters.
Sonatrach, Algeria’s state-owned oil company, is resuming gas exploration activities in Libya after years of halt.
Libya’s National Oil Corporation (NOC) will sign a new exploration agreement during the Libya Energy & Economic Summit 2023 scheduled for November 8.
OMV, an Austrian multinational integrated oil, gas and petrochemical company, will resume its exploratory drilling operations in Libya next February, announced the National Oil Corporation (NOC).
The National Oil Corporation (NOC), the state-owned oil company of Libya, and its Algerian counterpart Sontrach will organize a high-level meeting next Tuesday, on November 7, in Tripoli, to discuss resuming some of the Algerian company’s projects in Libya.
Libya’s Public Prosecution ordered the suspension of fuel supply to more than thirty stations, which are accused of smuggling fuel in west of the country.
The German ambassador to Libya, Michael Ohnmacht, held talks with various Libyan parties on cooperation in the fields of energy from renewable sources, on strengthening the sewerage system and Libyan municipalities.