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.
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The Tripoli-based Government of National Unity officially approved today selling shares of the U.S. Hess Corporation in the Waha oilfield to France’s Total Energies and U.S. Conoco Phillips.
Issa Al-Araibi, the Head of the House of Representatives’ Energy Committee has threatened to shut down the country’s oil port in protest against foreign interference in the country, particularly that of Turkey.
U.S. President Joe Biden is once again tapping into the country’s emergency stockpile of oil as the White House tries to prevent gasoline prices from spiking again, reducing the petroleum reserve to its lowest level in four decades, according to a report by Fox News.
The National Oil Corporation (NOC) confirmed Friday that Libyan oil production amounted to 1.184 million barrels per day.
OPEC production rose last month after a recovery in crisis-torn Libya and a symbolic increase pledged by other members.
Libya and Turkey signed today two memorandum of understandings on hydrocarbons.
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.
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.
The Libyan Political activist Mohamed Eljarh said that documented corruption and mismanagement of public finances in Libya in the latest Audit Bureau report was “only the tip of the iceberg.”