Saturday 1 October 2016
 
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libya

Libya's Agoco says boosts oil output to more than 260,000 bpd

Libya's Arabian Gulf Oil Company (Agoco) has raised its production to 261,000 barrels per day (bpd), 50,000 bpd higher than its output last week, spokesman Omran Al Zwai said.   Agoco, a subsidiar

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Libya PM calls for national reconciliation

Libya's prime minister called for a national reconciliation initiative to repair the divisions in a fragmented country reeling from the turbulence that has followed the fall of dictator Muammar Gaddafi. Fayez Seraj also told R

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Libya exports first oil from Ras Lanuf since 2014

An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manage

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Oil prices drop as growing supplies stoke glut concerns

Oil prices fell more than 1 per cent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fuelled concerns that the global glut will persist. Benchmark Brent crude futur

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Libya resuming oil exports from some major ports

Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related "force majeuere" contractual clauses, the National Oil Corporation (NOC) said

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Libya set to restart oil exports from seized ports

Libya's National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar. Welcoming pledges from Haf

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Libya's NOC looks to load 1st crude cargo at Ras Lanuf port since end-2014

Libya's state National Oil Corp is looking to charter a tanker to load 80,000 tonnes of crude oil from its major Ras Lanuf terminal that has been shut since December 2014, sources familiar with the matter said.  

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Libya's NOC says tanker will transfer oil from threatened port

Libya's National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker dock at Zueitina port to load oil and take it to a safe place. The NOC expressed concern earlier this month after reports of

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Libya needs big spend to boost vital oil revenue

Libya's plans to increase oil output by five-fold by the end of the year will remain out of reach until the government allocates funds to repair the damage to oil infrastructure, the National Oil Corp's chief told Reuters.

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Libya needs big spend to boost vital oil revenue

Libya's plans to increase oil output by five-fold by the end of the year will remain out of reach until the government allocates funds to repair the damage to oil infrastructure, the National Oil Corp's chief told Reuters.

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