Libya | Egypt Oil & Gas - Part 31

Libya Shuts Down El Feel Oilfield

Libya has shut down the El Feel oilfield, an engineer at the western field said on Saturday. No more information was immediately available. The OPEC producer had managed to restart the field this year after a pipeline...

Rival Government Continues to Receive Oil Revenue in Libya

Libya’s official government has so far failed to sell oil on its own via an account and middlemen in Dubai, as customers continue to buy crude directly from a state oil firm under the control of a rival governme...

Saudi Arabia Spearheads OPEC Oil Boom as U.S. Shale Slows Down

Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency s...

East Libyan Oil Port Hariga Closed Due to Weather

Libya has closed the eastern oil port of Hariga due to bad weather, an oil official said on Sunday. A tanker has been waiting for two days to dock at the port to lift one million barrels of crude but bad weather had m...

OPEC Should Cut Oil Output, Libya Official Says

OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya’s OPEC governor said. The comments underline ...

Libya’s War Rages but Eni Refuses to Step Out

Italian energy giant Eni SpA has emerged in recent weeks as the only international oil company still pumping near capacity in war-torn Libya, helped by protection from militias and tribes secured by its local partners...

One of Libya’s Rival Governments Takes Controls of Oil Revenue

One of the two factions battling for control of Libya took steps on Sunday to divert incoming oil revenue away from the central bank and into its own new account, a steep escalation in the contest over the country’s v...

Oil Revenues to be Diverted from West to East Libya

Libya’s internationally recognized government said it plans to open a bank account abroad to deposit oil revenues, hoping to divert proceeds from the industry away from the country’s rival administration i...

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. The group also includes the continent’s biggest producers, Nig...

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 ...

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