Libya | Egypt Oil & Gas - Part 22

Iraq to Suggest Crude Restraint Options

Iraq will make three new suggestions at a meeting in Vienna of OPEC oil ministers at the end of the November to implement an agreement to restrain crude supply in order to push up prices.

Libya Produced 670,000b/d of Oil

Libya has experienced a remarkable increase in oil production hitting 670,000b/d. The rise in output came accordingly to NOC's work in some previously-shut oilfields.

Es Sider To Resume Oil Exports

Libya's Es Sider is to resume exports with its first cargo since force majeure was declared on loadings from the port in December 2014. The cargo will be potentially lifted by Libya's National Oil Corporation (NOC) d ...

Libya Resumed Oil Production at Waha Field

Libya restarted production from the Waha fields bringing the country’s total output to 580,000b/d.

OPEC Produced 33.64mb/d of Crude in September

Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.

Libya to Produce 900,000b/d of Oil

The Libyan National Oil Corporation's (NOC) Chairman, Mustafa Sanallah, said that Libya's oil production had passed 554,000b/d and was on track to hit the 900,000b/d mark by the end of 2016.

Libyan Oil Export Departed Ras Lanuf Port

Libya exports 776,000b of crude to Italy via Ras Lanuf terminal, in the first oil cargo out of the port since 2014.

AGOCO Boosts Output as Libya’s Crude Production Recovers

Libya's Arabian Gulf Oil Company (AGOCO) has raised its output to 210,000b/d as Libya boosted crude production by more than 70%.

Forces Counterattacked Libya’s Oil Terminals

New fighting erupted as Libyan forces executed a counter attack to take back control of Al Sider terminal and triggering clashes near Ras Lanuf port.

Libya to Export Oil to Egypt in EGP

Libya is considering to export Libyan petroleum oil to Egypt for Egyptian Pounds to alleviate Cairo’s burden to secure foreign currency for fuel imports

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