Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades
Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources say.
Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring fac ...
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
Libyan state oil company NOC is delivering petrol to a western region opposing a self-declared government in charge of the Tripoli capital, it said in a bid to showcase its impartiality in a power struggle dividing t ...
Libyan jets have attacked an oil tanker off the coast near the city of Sirte that the Benghazi-based government said was carrying reinforcements and weapons for rebel fighters.
Germany’s Wintershall Holding GmbH has expressed an interest in buying stakes in Libyan oil-and-gas assets from Occidental Petroleum Corp., Libyan officials said, a rare move by a western company to increase its foot ...
A state oil firm controlled by Libya's internationally recognised government has appointed boards for two state-run oil subsidiaries, officials said on Monday.