Vitol, the world's largest oil trader, has predicted that the price of crude will at the most waver around the $60 a barrel level next year, in part because of Libyan production,
Libya's oil production has dropped to 300,000 b/d, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines.
Militants from the so-called Islamic State attacked forces guarding one of Libya’s main oil ports last Thursday with a gun assault and an attempted car bomb.
Libya's internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation's crude deposits.
Libya Oil Ethiopia Limited, a subsidiary company of Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia, said Zekarias Wolika, sales and marketing manager of Libya Oil Ethiopia.
Three days after ENI’s announcement of the “biggest ever” Mediterranean natural gas deposit in the Mediterranean Sea, a car bomb went off in front of the headquarters of Mellitah, an oil and gas joint venture between ...
The internationally-recognized East Libyan government has announced that it will be hosting a conference in Dubai to sign new leases and production agreements, Reuters reported.