Libya Seeks to Expand Oil Ties with Spain
Libya’s National Oil Company (NOC) is seeking to bolster oil-trade ties with Spain by enticing Spanish companies to return back to Libya.
Libya’s National Oil Company (NOC) is seeking to bolster oil-trade ties with Spain by enticing Spanish companies to return back to Libya.
Libyan oil production has now reached a new high after the country recorded 1.215 million barrels per day (bbl/d), as the OPEC member’s oil industry recovers faster than expected.
Libya’s National Oil Corporation (NOC) has announced on November 7 that the crude oil production has reached 1,036,035 mmbbl/d.
Libya’s daily oil production continues to see a meteoric rise since the resumption of operations, with oil production rising to 500,000 barrels of oil per day (bbl/d).
Libya’s National Oil Company (NOC) has announced that the force majeure at Sharara oilfield has been lifted with immediate effect and that production has restarted.
Libya, Africa’s largest oil-producing nation, has ramped up oil production to 295,000 barrels of oil per day (bbl/d) following the lifting of the blockade.
The Organization of the Petroleum Exporting Countries (OPEC) has seen output rise for the third consecutive month after the resumption of Libyan oil production and higher Iranian export levels.
The Organization for Petroleum Exporting Countries and its allies (OPEC+) are closely watching attempts to resume oil output in Libya and are assessing the situation.
Eastern Libyan commander Khalifa Haftar is set to permit the country’s oil ports to reopen after an eight-month blockade.
The Chairman of the Board of Directors of the National Oil Corporation (NOC), Mustafa Sanallah, announced the interest of British companies to potentially invest billions of dollars in the Libyan oil and gas secto ...