The Ministry of Petroleum invests one trillion Egyptian pounds in the Oil and Gas production projects and EGP 460 billion in petrochemicals and refining projects.

Libya’s Petroleum Facilities Guard (PFG), a 27,000 strong body tasked with protecting Libya’s oil facilities, has become the “biggest obstacle to raising money from the industry and a hindrance to forming a unified government,” according to the Head of Libya’s National Oil Corporation (NOC), Mustafa Sanalla.

Islamic State in Libya has destroyed oil storage tanks at Ras Lanuf port and threatens to attack other oil ports in the country mentioning Brega, Tobruk, Es Serir, Jallo, and Al-Kufra.

Rival Libyan troops have clashed over two of the country's main oil terminals for a second day, leading to their closure.