Libya Earns $14B in Oil Revenues
Libya has earned $14 billion in oil revenues in 2017, which is tripling the 2016 $4.8 billion oil revenues and allowing to halve Libya’s budget deficit, the Central Bank of Libya announced.
Libya has earned $14 billion in oil revenues in 2017, which is tripling the 2016 $4.8 billion oil revenues and allowing to halve Libya’s budget deficit, the Central Bank of Libya announced.
Libya completed repairing its oil pipeline, which was damaged due to a suspected attack on December 26th. Production is starting gradually after the repairs.
It will take a week to repair the Es Sider pipeline.
A key Libyan pipeline to the port at Es Sider was blown up on Tuesday.
Three workers died in a maintenance accident at a gas plant at the Zelten oil and gas field.
Libya’s pipeline exports of natural gas to Italy were temporary halted by a technical glitch.
Egyptian and Libyan officials met to discuss connecting their' electricity grids and other ways to enhance cooperation in the energy sector.
Nafusa Oil Operations plans to begin producing 10,000 barrels per day (b/d) of oil from Block 47 in Libya’s Ghadames Basin.
Libya and Nigeria’s exemptions from the production-cut agreement could be questioned at tomorrow’s meeting between OPEC and some non-OPEC oil producers.
Waha Oil Company, a subsidiary of the National Oil Corporation (NOC), has increased production by over 100,000 barrels per day (b/d) since this summer.