The Central Bank of Libya said Sunday that the country’s oil revenues in 2023 were 111.4 billion Libyan dinars (about 23.3 billion U.S. dollars).
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Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.
Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea, according to Reuters.
International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support.
The Libyan National Oil Corporation (NOC) announced Tuesday that its subsidiary Mellitah Oil and Gas Company completed re-drilling the Fourth Well in the El Feel field, with a production capacity of about 3,500 barrels of oil per day.
The National Oil Corporation (NOC), Libya’s state oil company, has announced that oil production reached 1,219 million barrels per day, to which 56 thousand barrels of condensate are added, on Sunday 17 December.
Minister of Oil and Gas, Mohamed Aoun, participated on Wednesday, in the 12th Arab Energy Conference, organized by the Organization…
Chairman of the Libyan National Oil Corporation (NOC), Farhat Bengdara, unveiled the “Think Tomorrow” initiative, launched by NOC, with the aim of achieving a green and sustainable future for Libya, by adopting environmentally friendly practices such as eradicating gas flaring and waste oil lakes.
Dec 6 (Reuters) – Oil prices were steady on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts, Reuters reported.
The Libyan National Oil Corporation (NOC) has announced exporting an inaugural shipment of 600,000 barrels of Erawin’s crude oil.