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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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Tarek EL AZHARY General Manager STRATOCHEM SERVICES
Interview
Egypt - November 17, 2021

Tarek El Azhary, general manager of StratoChem Services, talks to The Energy Year about areas with the most upstream potential in Egypt and the company’s approach to…

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Interview
Egypt - October 26, 2021

Mohamed Hathout, chairman and CEO of KAHROMIKA, talks to The Energy Year about the company’s activities and strengths in the Egyptian energy industry and its plans…

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Mohamed FAROUK CEO ADES INTERNATIONAL HOLDING
Interview
Egypt - October 06, 2021

Mohamed Farouk, CEO of ADES International Holding, talks to The Energy Year about the recovery of activity in the regional oil and gas industry and new technologies…

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Oil up as fuel demand recovers
NEWS
Multinational - February 02, 2021

Oil was up Tuesday morning in Asia, climbing to its highest level in more than two weeks as a strong market and expectations of a global economic recovery from Covid-19…

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Nabil AL ALAWI.
Interview
Abu Dhabi - January 11, 2021

Nabil Al Alawi, CEO of AlMansoori Specialized Engineering, talks to The Energy Year about the importance of creating an environment for innovative solutions such as the…

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Oil up on OPEC+ supply cuts hopes
NEWS
Multinational - November 16, 2020

Oil was up on Monday morning in Asia, as investors anticipate OPEC+ keeping the current supply restrictions in place well into 2021. However, falling demand due to…

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Interview
Egypt - June 20, 2019

TOGY talks to Khaled Kamel, vice-president Power Systems Business unit for Schneider Electric Egypt, North East Africa & Levant Cluster, about the company’s…

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ayman kahttab baker hughes egypt
Interview
Egypt - May 01, 2021

Ayman Khattab, president and CEO for the Gulf and North Africa at Baker Hughes, a GE company (BHGE), talks to TOGY about the business environment in Egypt’s oil and…

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