Libya
News
September 22, 2020
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.
News
September 18, 2020
General Khalifa Haftar said on television that he has decided to allow the reopening of Libya鈥檚 oil ports 鈥渁s per conditions and guarantees that ensure a fair distribution of wealth and spare it being plundered or used in terrorism financing.鈥
News
September 10, 2020
Turkey is in talks over oil and gas exploration in Libya, as President Recep Tayyip Erdogan鈥檚 administration seeks business opportunities in the conflict-ridden North African country.
News
August 21, 2020
Haftar, aided by Russian mercenaries, the United Arab Emirates and Egypt, had led a failed offensive to capture the capital, Tripoli, from the internationally recognized government. A Turkish military intervention helped rout his self-styled Libyan National Army earlier this year, and Haftar鈥檚 forces fell back to Sirte, the gateway to key oil assets.
News
July 13, 2020
Libya鈥檚 National Oil Corp. declared force majeure on exports again, accusing the United Arab Emirates of being behind a blockade as chaos continued to engulf the country鈥檚 oil industry.
News
July 09, 2020
Crude slid after a key Libyan oil field resumed production, threatening to unleash barrels into a market where demand is already lackluster.
News
July 03, 2020
Libya will export two oil cargoes totaling 1.2 million barrels in July -- a third less than in June -- as forces opposed to the Tripoli-based government continue to block shipments from most of the OPEC member鈥檚 ports.
News
July 01, 2020
From OPEC stalwarts down to individual producing companies, oil price and demand projections are dividing into two separate camps. R8国际娱乐's editors review some of these key differences, and what they mean for crude production plans.
News
June 30, 2020
Tribes in eastern Libya backed the resumption of oil production from their region, shortly after the state energy company said negotiations between the U.S. and regional governments could lead to a restart of exports from the war-battered OPEC member.
News
June 25, 2020
Libya鈥檚 oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that鈥檚 killed thousands and destroyed towns across the country.
News
June 08, 2020
Pumping began on Sunday at the El-Feel deposit, which had suspended operations due to the North African country鈥檚 civil war. El-Feel is resuming just a day after oil started flowing again from Libya鈥檚 largest deposit, Sharara.
News
June 03, 2020
The eastern Mediterranean has become an energy hot spot with big finds for EU member Cyprus, Israel and Egypt in recent years, and Turkey鈥檚 push to secure a share of the resources in those waters has exacerbated strains in an already tumultuous region.
News
May 21, 2020
The revival of Libya鈥檚 oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the country outside his control.
News
February 11, 2020
Libyan economic experts will study the distribution of crucial oil revenue as efforts continue to solve the war-ravaged OPEC member鈥檚 political crisis, the United Nations said.
News
February 10, 2020
The two-day meeting in Cairo is being closely monitored for any sign of a deal to restore output in the North African nation after supporters of eastern commander Khalifa Haftar forced ports to close mid-January, driving production to its lowest since 2011.
News
January 29, 2020
Tankers have begun to leave Libyan ports without cargoes after waiting for days for the end of a blockade of the country鈥檚 export terminals by forces loyal to Libyan commander Khalifa Haftar.
News
January 28, 2020
Libya鈥檚 oil output could be days from coming to a complete halt as conflict in the OPEC nation puts the country鈥檚 most vital industry at risk, the nation鈥檚 top oil official said.
News
January 24, 2020
Libya鈥檚 Central Bank Governor Sadiq Al-Kabir called on the international community to help end a week-long shutdown of oil ports by eastern military commander Khalifa Haftar, likening the closures to a 鈥渂ullet in the head.鈥
News
January 21, 2020
The U.S. embassy in Libya called Tuesday for an immediate resumption of oil production, increasing pressure on eastern strongman Khalifa Haftar, who has disrupted output in a show of defiance to world leaders pushing to end the North African country鈥檚 civil conflict.
News
January 20, 2020
The European Union鈥檚 foreign policy chief said member states will need to take a more active role in Libya if yesterday鈥檚 peace conference in Berlin is to bring stability to the country and help get its oil flowing again.
News
January 17, 2020
Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq.