Libya Accepts UN Recommendations on Illegal Oil Exports
Libyan state-owned National Oil Company (NOC) has welcomed the UN Security Council's (UNSC) recommendations regarding the illegal export of oil by authorities in the east of the country.
Libyan state-owned National Oil Company (NOC) has welcomed the UN Security Council's (UNSC) recommendations regarding the illegal export of oil by authorities in the east of the country.
Armed militants have reportedly attacked the headquarters of the Libyan National Oil Company (NOC) in Tripoli resulting in several casualties.
Eng. Osama Halim, who has more than 25 years of experience in the oil and gas sector, has been appointed the new Vice President Egypt & Libya for Halliburton.
Libya’s oil production has increased after the Amal and As-Sarah oilfields in the east of the country resumed operations.
German company Wintershall is currently producing less than 10,000 barrels per day (b/d) of crude from its Libyan operations, compared with 60,000 b/d earlier this year.
Libya's Abu Attifel oil field has resumed operations after pausing for two weeks.
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.
The Libyan Government of National Accord will provide each household with an extra $500 in subsidies cards starting from July 2018.
Libya’s National Oil Company stated that clashes at oil facilities on the country’s northeast coast have caused “catastrophic losses” after two storage tanks were destroyed.