Libya’s crude oil revenues decreased to around $10.2 billion (LYD 14.3 billion) during H1 2019, decreasing by 11.2% compared with the same period last year, Reuters reported. Oil revenues accounted for 92.8% of the Li...
Libya’s National Oil Company (NOC) has decided to power the Obari plant with natural gas instead of crude oil, according to a company statement. “Supplying natural gas instead of crude oil would increase the eff...
A number of international oil companies (IOCs), including Total, plan to renew their business licenses to continue operations in Libya, Reuters reported. In case the licenses are not renewed, there will be several oil...
The Sarir oilfield, Libya’s largest oilfield with proven reserves of 4.8 billion barrels, has lost around 30,000 barrels per day (b/d) due to a power generator fire, the National Oil Company (NOC) revealed. NOC ...
Libya’s National Oil Company (NOC) has expressed its concerns about the lawlessness status in the country and its impact on the oil and gas sector, Reuters reported. The company’s worries came as a result of stealing ...
Libya plans to increase oil output from its existing fields to reach 1.4 million barrels per day (b/d) by the end of 2019 and 2.1 million b/d by 2023, according to the National Oil Corporation (NOC), Zawya reported. M...
Egyptian Projects Operation and Maintenance (EPROM) was shortlisted to be a supplier for Kuwaiti Al Zour Refinery, said Amgad Al Ahmady, EPROM’s CEO, Egypt Oil & Gas reports. The Egyptian company is negotiat...
Libya’s crude oil production has increased by around 33% after resuming production from Sharara oilfield, Bloomberg reported. Currently, Sharara oilfield production level has reached around 260,000 barrels per day (b/...
Libya’s el Sharara oilfield has increased its production capacity, reaching around 180,000 barrels per day (b/d), according to a field engineer, Reuters reported. The 315,000 b/d field had been restarted as the Libyan...
The Libyan National Oil Company (NOC) announced on March 4 lifting force majeure at el Sharara oilfield, Reuters reported. The 315,000 barrels per day (b/d) oilfield was restarted with an expected regular output durin...