Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, according to Reuters.
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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.
The National Oil Corporation (Noc), the Libyan state energy company, declared that crude oil production has reached 1,210,000 barrels per day, while condensate production has reached 52,000 barrels per day in the last 24 hours.
Deputy Chairman of the Presidential Council, Moussa Al-Koni, met with the Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, to discuss the situation of sector and the possibility of creating an oil refinery in the south of the country to contribute to the supply of fuel and the development of the southern region.
Libya’s National Oil Corporation (NOC) and Norway’s Equinor signed on Tuesday a memorandum of understanding with the Norwegian company Equinor, which aims to “study and evaluate the oil and gas potential in the Libyan maritime region,” according to a statement by NOC.