Libya | Egypt Oil & Gas - Part 31
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 in Tripoli.
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 " ...
