Libya | Egypt Oil & Gas - Part 26

Libya Has Lost $68b in Oil Revenues Due to Instability

Amid discussions to form a unity government in Libya, the head of the country’s national oil company, Mustafa Sanalla, urged reconciliation and stated that the country had lost $68b in oil production and exports sinc ...

Libyan National Oil Corp. Meets with Majors

The chairman of Libya’s state-run National Oil Corporation met with major oil companies to discuss plans to expand the country’s declining petroleum production.

Libyan Oil Pipeline Hit by Blast

A major Libyan oil pipeline south of Ras Lanuf was hit with an explosion on December 14th.

Libyan Oil Output Remains Under 400,000 Barrels per Day amid Instability

Libya’s crude oil production remains less than 400,000 barrels per day, the National Oil Corporation (NOC) said on January 12th.

Islamic State Attacks Libyan Electricity Plant

Islamic State has attacked one of Benghazi’s major electricity generation plants in a recent series of violent assaults on Libya's energy industry.

Islamic State Claims Responsibility for Deadly Attacks in Libya

Islamic State has claimed responsibility for a series of deadly attacks in Libya that targeted police training center in the western city of Zliten killing at least 50 people. The suicide truck bombing followed earli ...

Tripoli NOC Reasserts Legal Rights Over Crude Export

The Tripoli-based National Oil Corporation (NOC) issued a statement underlining its right to take legal action against any party that tries to export crude or products from Libya without its permission.

Eastern Libyan State Oil Company Signs Deal with Egypt

The state oil company of Libya’s eastern government has completed a deal to sell 2m barrels of oil to Egypt.

France Warns IS Threatening Libya’s Oil Fields

French Ministry of Defense warned that IS forces were moving inland from their coastal strongholds into Libya’s oil wells areas aiming to overtake the oil fields, while ruling out a military intervention.

Vitol to Invest in Libya’s Oil

Vitol Group, the world’s biggest independent oil trader, and Litasco SA are approaching a trade deal with the Libya's Tripoli-based National Oil Corporation (NOC) in a few days to supply billions of dollars worth of ...

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