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Libya Overview

Libya

in figures

Oil Reserves48.4 billion barrels

Gas Reserves1.4 tcm

Libya: North Africa's Oil Heavyweight

Libya targets 50% rise in oil output, plans bid round
NEWS
Libya - February 28, 2024

Libya is targeting an increase in oil production of 50% to 2 million bopd within five years and is planning a bid round.

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Libya calls force majeure at its Sharara oilfield project
NEWS
Libya - January 08, 2024

Libya’s National Oil Corporation has declared force majeure at its Sharara oilfield project due to protests, Reuters reported…

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A Saudi oil and gas technology leader TEY_post_Completion-Energy-–-Abdulmuin-ALYOUSEF
Interview
Saudi Arabia - December 15, 2023

Abdulmuin Alyousef, CEO of Completion Energy, talks to The Energy Year about the company’s strategy to export technologies…

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TEY_post_Atif-Arikat
Interview
UAE - December 12, 2023

Atif Arikat, managing director of Al Ghaith Energy, talks to The Energy Year about how energy market dynamics are evolving in the UAE, the company’s strategy for…

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A big opportunity in manufacturing TEY_post_Bassam-BAMAGOUS
Interview
Saudi Arabia - October 26, 2023

Bassam Bamagous, chairman of the board of Advanced Precision Industrial Services (APS), talks to The Energy Year about the company’s transition from a machining shop…

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Saipem awarded EPCIC works worth $1 bln in Libya
NEWS
Libya - August 10, 2023

Saipem has signed a EPCIC contract with Eni worth around USD 1 billion to revamp platforms and facilities on the offshore Bouri gasfield in Libya, the Italian…

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Eni lifts force majeure on exploration assets in Libya
NEWS
Libya - August 04, 2023

Eni has revoked force majeure status on onshore and offshore exploration blocks in Libya after nine years, the Italian energy giant announced on Thursday.

The…

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Technip to upgrade Libya installation
NEWS
Libya - May 31, 2016

Technip of France has sealed an agreement for a platform refurbishment job in Libya with a consortium comprising Eni and the National Oil Company. Valued at USD 500…

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Signs of easing of Libya oil tensions
NEWS
Libya - May 19, 2016

On Thursday, the Seachance oil tanker started loading its 600,000-barrel Glencore cargo at the port of Masra Al Hariga after a delay of some three weeks. The vessel had…

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Libyan output at risk
NEWS
Libya - May 10, 2016

Libya will have to shut down some if its major oilfields if the blockade of Marsa Al Hariga port continues, a spokesperson for the Tripoli-headquartered National Oil…

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Saleh S. Abdali, the managing director of Oilibya, talks to TOGY about the market for lubricants in Egypt and the main areas for growth in the coming years.
Interview
Egypt - May 10, 2016

Saleh S. Abdali, the managing director of Libya Oil, talks to TOGY about the market for lubricants in Egypt and the main areas for growth in the coming years. Libya Oil…

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Attacks at Libya’s Ras Lanuf resume
NEWS
Libya - January 21, 2016

Suspected Islamic State (IS) militants have attacked and set oil storage tanks at the Ras Lanuf terminal in Libya on fire, government officials reported on…

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Glencore says NOC sole Libya oil seller
NEWS
Libya - November 26, 2015

Following the September start of its export deal with Libya’s National Oil Corporation (NOC), commodities trader Glencore has stated that it recognises the company as…

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AGOCO to drill 93 new wells
NEWS
Libya - October 20, 2015

Arabian Gulf Oil Company (AGOCO) chairman Mohamed Ben Shitwan announced Monday that the company is planning a 93-well drilling campaign in its Libyan concessions.…

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