Libya | Egypt Oil & Gas - Part 14
Oil Rises on Iran Supply Concerns
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November, Reuters reported. Brent crude futures reached $76.61 per barrel at 08:00 GMT, 30 cents higher...
Libya to Give Extra $500 Subsidies to Households
The Libyan Government of National Accord will provide each household with an extra $500 in subsidies cards starting from July 2018, Sputnik reported. Libyan central bank governor Saddek Omar Elkaber said that the meas...
Libya Oil Facilities Suffer ‘Catastrophic Losses’ After Clashes
Libya’s National Oil Company (NOC) stated that clashes at oil facilities on the country’s northeast coast have caused “catastrophic losses” after two storage tanks were destroyed, News 24 reported. Armed groups attack...
Libyan Oil Ports Close After Armed Clashes
Armed clashes have halted oil loadings at Libya’s Es Sider and Ras Lanuf oil ports, and at least one storage tank at Ras Lanuf was set alight, Reuters reported. Forces loyal to Khalifa Haftar’s Libyan National Army (L...
Arabian Gulf Oil Company Returns to Full Production After Power Problems
Oil output from Libya’s Arabian Gulf Oil Company (AGOCO) has returned to its normal level of 250,000 barrels per day (b/d) after electricity supply problems, Reuters reported. Output losses were caused after unusually...
Libya’s Bahr al-Salam Gas Field Resumes Operations after Maintenance
Libya’s offshore Bahr al-Salam gas field has resumed production at 380 million cubic feet per day after completing upgrades and maintenance, Reuters reported. The maintenance linked new wells in the field to the coast...
Total CEO: Libya Has Not Objected to Waha Takeover
Libyan authorities have not raised objections to Total closing a $450 million deal with US-based Marathon Oil to take over its 16% share of the Waha concessions, The Times of Oman reported. Previous reports have sugge... Libyan Pipeline Attack Sees Estimated Loss of 100,000 b/d
A Libyan crude oil pipeline was set on fire on April 21 causing losses of between 70,000 barrels per day (b/d) and 100,000 b/d. The pipeline, owned by El-Waha oil company, was feeding the Sidra port from El-Zkout, Reu...
