Ras Lanuf | Egypt Oil & Gas
Libya Hydrocarbon Revenues Fall $455M in August
Libya’s oil and gas revenues have fallen to roughly $1.57 billion in August, a $445 million drop off from the previous month, the Libyan National Oil Company (NOC) announced on October 26, Reuters reported. The compan...
Libya Declares Force Majeure on Supplies, Oil Rises
Libya has declared a force majeure on two facilities exporting 850,000 barrels of crude per day (b/d), pushing oil prices to highs not seen since 2014, Reuters reported. Brent crude futures rose 0.8% to $77.90 per bar...
Libya Oil Facilities Suffer ‘Catastrophic Losses’ After Clashes
Libya’s National Oil Company (NOC) stated that clashes at oil facilities on the country’s northeast coast have caused “catastrophic losses” after two storage tanks were destroyed, News 24 reported. Armed groups attack...
Libyan Oil Ports Close After Armed Clashes
Armed clashes have halted oil loadings at Libya’s Es Sider and Ras Lanuf oil ports, and at least one storage tank at Ras Lanuf was set alight, Reuters reported. Forces loyal to Khalifa Haftar’s Libyan National Army (L...
Libya Targets 1.25 Mb/d of Oil by the End of 2017
Libya’s oil production is estimated to reach 1.25 million b/d by the end of 2017, Libya’s National Oil Company’s (NOC) Head, Mustafa Sanalla, declared on July 19, as reported by the Daily Mail. The North A...
Libya Resumes Operations at Major Ports
Libya’s major oil ports of al-Sidra and Ras Lanuf are resuming operations and preparing to export crude after two weeks without activities, Bloomberg reported. In early March, Libya had halted exports from the ports a...
Libya’s Biggest Ports Shut Following Militant Attack
Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales, Bloomberg rep...
Libya to Produce 900,000b/d of Oil
The Libyan National Oil Corporation’s (NOC) Chairman, Mustafa Sanallah, said that Libya’s oil production had passed 554,000b/d and was on track to hit the 900,000b/d mark by the end of 2016, Bloomberg repo...
