Libya
News
January 25, 2016
Libya’s rival political factions must quickly form a unity government to stop the country with Africa’s largest oil reserves from collapsing into a “failed state,” National Oil Corp. Chairman Mustafa Sanalla said.
News
December 18, 2015
The National Oil Corp. affiliated with the internationally recognized government in eastern Libya said it will sign agreements with six companies to sell the country’s crude oil after a peace deal was signed between rival factions in the divided country.
News
November 28, 2015
Oil traded below $43 as Libya signaled it may raise output and as fears eased that Russia would retaliate against Turkey for downing its jet near the Syrian border.
News
August 19, 2015
The costs of OPEC’s plan to protect members' share of the oil market by out-producing rivals are mounting.
News
July 28, 2015
Libya’s crude production dropped below 400,000 bpd as the conflict in the divided North African country cut electricity supply at oil fields, according to the state-run National Oil Corp.
News
May 25, 2015
Warplanes deployed by Libya’s internationally recognized government bombed an oil tanker at a terminal controlled by the nation’s rival Islamist leaders, killing one person, the regional coastguard commander said.
News
April 14, 2015
TEHRAN (Bloomberg) -- Iran became the second OPEC member this month to call on the group to reduce oil production ahead of its June meeting amid a global oversupply that’s cut crude prices by almost half.
News
March 10, 2015
Oil production from OPEC remained below the group's 30 MMbpd ceiling for a second consecutive month in February as lower volumes from Libya and Nigeria more than offset increases from several other countries, a Platts survey of OPEC and oil industry officials and analysts showed Friday.
News
February 17, 2015
Oil rose to the highest level this year as chaos in Libya curbed output and as an agreement between Iraq’s central government and the Kurdish region over crude exports was tested by falling prices.
Article
October 2014
Despite geopolitical turmoil, Middle Eastern and North African exploration and licensing activity levels remain strong, with the MENA region producing over one-third of the world's oil and one-fifth of global gas.
