Libya | Egypt Oil & Gas - Part 27

Libya’s Oil Production Less Than Quarter of Pre-Arab Spring

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.

Islamic State Attacks Forces Guarding Oil Port in Libya

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.

East Libya to Punish Oil Firms Backing Rival Government

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.

East Libya Government Threatens to Stop Oil Shipments

The East Libyan government has announced it may prevent oil shipments if the deals are negotiated through Tripoli, Bloomberg

Ethiopia: Libya Oil to Expand Its Investment in the Country

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.

Bombing of Eni JV in Libyan Capital of Tripoli

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 ...

East Libya Government to Hold Conference in Dubai for Oil Agreements

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.

Libyan Production Levels Out After Attacks and Protests

Libya's state oil firm, the Arabian Gulf Oil Co (AGOCO), announced that it is now producing at a stable rate of 220,000 b/d

Algeria Calls for Non-OPEC Members to Cut Production Rates

The Algerian energy minister stated that non-OPEC nations need to help to stabilize international oil prices,

Libya to Get Electricity from Egypt

According to the Tripoli Government - Which is not an officially recognized government- Libya will import electricity from Egypt and Tunisia and rent generators as it struggles with power outages that have plunged it ...

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