Libya | Egypt Oil & Gas - Part 29
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, reported Bloomberg. Algeria is the largest member of OPEC by territory, and its government has faced signif...
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 plung... Eastern Libya Government Appoints New Oil Minister, Plans to Open Ports
The Libyan government in Tripoli recently announced the appointment of a new head for the National Oil Company (NOC), reported Bloomberg. Nagi Elmagrabi was chosen as the replacement for Al-Mabrook Abu Seif, the forme...
Libya’s Eastern Power Grid On the Verge of Collapse
Libya power grid in the east is on the verge of a catastrophic collapse, a senior GECOL engineer has warned. His warning is being echoed in t west of the country. Tripoli, Benghazi, Sebha, Kufra and Marj are among ma...
Conflict in Libya Costs BP $600m
Libya has become a major headache for European oil companies as a four-year conflict forced BP to join Total in writing off millions of dollars in investments in the North African country. BP on Tuesday said it had ta...
Oil Tankers Reach East Libya Port
Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday. Another tanker was expected to lift 600,000 barrels of oil from the eastern Brega po...
Libya Discusses Power-Sharing Deal
Libya’s two main rival factions restarted U.N.-backed peace talks in Morocco on Friday with negotiations at a crucial stage over a power-sharing proposal that negotiators call the best chance for peace. Four yea... Libya May Double Oil Output Due to Lasting Low Oil Prices
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. “There are efforts u...
