Tuesday 14 August 2018
 
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libya

Total buys key Libyan oil firm stake for $450m

French energy company Total said it has acquired a 16.33 per cent stake in Libya's Waha concessions from Marathon Petroleum in a deal worth $450 million as part of its expansion strategy for  Middle East and North Africa (Mena ) region.

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Siemens inks $825m Libya power project contracts

Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (Gecol) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin, Ge

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Siemens inks $825m Libya power project contracts

Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (Gecol) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin, Ge

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Siemens inks $825m Libya power project contracts

Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (Gecol) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). The agreements were signed in Berlin, Ge

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Opec output should remain at current levels to year-end

Despite the deal concluded last December between Opec and non-Opec producers, the cartel’s crude oil supply has followed last year’s upward path, said the Bank of America Merrill Lynch (BofAML) in a new report. The bla

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Libya's NOC, Wintershall strike interim deal

Libya's National Oil Corporation (NOC) and German oil firm Wintershall have agreed an interim deal to resume production, a step forward in a contract dispute that was blocking up to 160,000 barrels per day (bpd).  

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Oil soars above $52 as Libyan production hit

Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the Opec (Organization of Petroleum Exporting Countries) member exempt from agreed output cuts, said a report. O

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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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