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, according to Bloomberg. The last week of September witnessed ...
Libya’s National Oil Corporation (NOC) halts production at the Faregh oil field at Zueitina for scheduled maintenance from October 7 to October 14, according to NOC. The field’s closure will result in suspending produ...
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...
Royal Dutch Shell lifted 600,000 barrels of crude oil from Libya’s Zueitina port, Reuters reports. This shipment represents Shell’s first shipment from Libya for five years, according to Reuters. Operations at the Zue...
In steady steps for boosting output, Libya‘s Arabian Gulf Oil Company (AGOCO) has increased production to 290,000b/d of oil and hopes to reach 350,000b/d by the end of the year, reported Africa TVC News. AGOCO, a subs...
Another Libyan pipeline south of the Zueitina port leading from oilfields to an export terminal was recently damaged in an attack and is being repaired. It was not clear who carried out the attack, but Islamic State o...
Libya has begun exporting oil again from the eastern terminal of Zueitina after production restarted at a nearby oil field, Libyan oil officials said, in a rare sign of progress in that country’s embattled industry, T...
The Media Office of Zuetina Oil Company has reported that the company has vacated all its employees from oilfield No. 74. In the statement, the Media Office reported that the company ”assures that it has vacated all t...
Libya has resumed oil exports from the eastern port of Zueitina after an almost year-long suspension and is also testing a pipeline to restart exports from Hariga port, officials said on Sunday. The resumption will br...