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.”
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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.
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.
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.
Libya’s oil production has reached 1 million and 211 thousand barrels per day as of the last 24 hours, announced the National Oil Corporation (NOC) on Sunday.
Libya’s oil production declined on Friday by about 6000 barrels per day from the production on Wednesday and Thursday, as the National Oil Corporation (NOC) said the crude oil production rates amounted to one million and 207 thousand barrels, while the production of condensate reached 52 thousand barrels.
Libya’s Waha Oil Company announced last Wednesday the restart of production operations at the Dahra oilfield in the Sirte Basin, which has been shut down since 2015 due to an ISIS attack.
The Brega Oil Marketing Company has confirmed the availability of fuel in the Sabha warehouse, with sufficient quantities for two weeks.
Oil prices fell, during Thursday’s trading, after US data indicated weak demand for fuel.