Libya | Egypt Oil & Gas - Part 31

African Oil Producers Seek to Cut Production

The African Petroleum Producers Association, which represents oil and gas producers from Algeria to South Africa, called for a cut in oil output globally.

Libya´s Two Largets Oil Ports To Open Soon

Libya´s two biggest oil ports, Ras Lanuf and Es Sider, will be able to open once security checks are made as forces backing the country's rival government have left the area after months of fighting, a National Oil ...

Libyan Eastern Port Begins to Load Oil for Export

A tanker bound for Italy was loading 600,000 barrels of oil at the Libyan port of Hariga on Sunday, an oil official said, the eighth loading at the eastern terminal this month as exports continue despite fights betw ...

East’s Bid to Control Libya Oil Wealth Is Not Looking Promising

Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli.

Smuggled Libya Gas Sparks Conflict

Smugglers selling Libya’s heavily subsidized gasoline and diesel abroad at jacked-up prices are likely using at least some of the profit to finance fighting between the country’s rival governments, according to a U.N ...

Oil Sales to Go Through Eastern Firm says Libya’s Recognised Government

Libya's internationally recognised government said on Tuesday that any sales of the country's oil should be arranged through a state firm based in Benghazi under its leadership to prevent fraud.

Libya in Risk of Collapse Due to Battles for Oil

In the first of a series of exclusive reports from Ruth Sherlock in Libya, the resource-rich country's oil minister warns that it will run out of money in 18 months as post-Gaddafi anarchy threatens to turn it into " ...

Zuetina Evacuates Employees from OilFields

The Media Office of Zuetina Oil Company has reported that the company has vacated all its employees from oilfield No. 74.

Attacks Make Oil Fields NonOperational in Libya

The Libyan national oil company declared 11 oil fields nonoperational because of “theft, looting, sabotage and destruction” by “unidentified armed groups,” the company said in a statement late Wednesday.

Kuwait: Shale Oil Decline Ups Prices, Near Future Still Uncertain

A drop in shale oil production has triggered a rebound of global oil prices, but prices will not rise sharply as long as the world's economy stays sluggish, Kuwaiti Oil Minister Ali Al-Omair was quoted as saying

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