Libya's internationally recognised government has appointed a new head of state National Oil Corp (NOC) handling oil exports, a deputy premier said, as a political conflict over control of the country is hitting the vital energy sector.
Libya's Nafoura oilfield will start pumping oil to ports from Friday, targeting an initial output of 20,000 barrels a day, a spokesman for the field operator said on Thursday.
The field, located in the east, restarted work thi
Libya's Nafoura oilfield will resume production on Monday after protesters demanding jobs ended a protest, officials at the Libyan state operator said on Sunday.
The field in volatile eastern Libya used to produce up to 65,000
Libya hopes to restart oil production at the southwesterly El Feel field next week, a spokesman for the state National Oil Corp (NOC) said.
NOC shut down the field more than a week ago when clashes forced the c
Libya's El Sharara oilfield, which normally produces around 200,000 barrels per day (bpd), remains shut due to its main pipeline being closed, an official from the state-run National Oil Corporation said.
Bombs exploded near the Egyptian and UAE embassies in the Libyan capital, Tripoli, on Thursday but there were no reports of casualties or major damage.
The blasts followed a series of car bombs on Wednesday mainly in towns under t
Libya abandoned an attempt to restart production at the El Sharara oil field, one of the country's biggest, after a pipeline blockage, state-run National Oil Corp (NOC) said.
The field, which used to pump a
Libya's biggest oilfield, shut down by gunmen last week, may struggle to rebuild production as the conflict splintering the desert nation draws in ever more groups of fighters, including poor southern tribes staking a claim to land resourc
Brent crude fell towards $81 a barrel on Wednesday, holding just above a four-year low as concerns over a mounting oil glut outweighed geopolitical and supply disruption risks in Ukraine and Libya.
With oil prices having fallen 30
Libya's political strife intensified as a rival government that has seized the capital stepped up its battle for power and legitimacy, taking control of a key oilfield, according to a security commander, and meeting its first foreign minis