Libya has started maintenance work at Es Sider port, the nation’s largest oil export terminal, as part of plans to increase output from Africa’s biggest holder of crude reserves.
Libyan Petroleum Facilities Guard (PFG) commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals.
Production has been suspended at an eastern Libyan oil terminal amid a protest over wages at the site.
Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman.
Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with more assets than ConocoPhillips.
Libya's $67billion sovereign wealth fund is set to go head-to-head with Goldman Sachs this week in London's High Court amid claims the the US investment bank has been exploiting the fund.
A force which controls oil terminals in eastern Libya said on Thursday it had gained further ground against Islamic State after taking a second town in as many days east of the militant group's stronghold of Sirte.
Libya’s Petroleum Facilities Guard captured a town near the country’s biggest oil port of Es Sider after clashes with Islamic State militants as the divided country works to reunite factions and revive the economy and oil production.
Fields responsible for the bulk of Libya’s oil exports will be forced to halt production within a month unless a blockade is lifted on the port of Marsa el-Hariga, according to the Tripoli-based National Oil Corp.
A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted the shipment, amid an escalating struggle between the nation’s rival governments for control of its crude wealth.
US Intelligence has disputed claims by Republican presidential candidate Donald Trump over Islamic State’s (IS) activities in Libya.
The United Nations Security Council added a tanker carrying Libyan oil to its sanctions list in response to the latest dispute between competing powers in the North African country after Malta refused to allow the ship to dock.
Authorities in eastern Libya vowed to export more crude oil soon, two days after shipping their first cargo in defiance of a national unity government based in Tripoli and in spite of a UN official’s condemnation of such “illicit” sales.
British oil giant BP would be “very welcome back” in Libya, Philip Hammond has told MPs.
Two Italian hostages have been freed from Islamic State captivity in western Libya, local officials say.
Libya’s chairman of the NOC (National Oil Corporation) has claimed more than $53billion of lost revenue from the energy industry has been caused by the country’s Petroleum Facilities Guard (PFG). Figures show the country, which is battling between two different factions for power, has lost more than $68billion since 2013.
ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.
Libya’s National Oil Corp said a major oil pipeline was hit by an explosion.
Libya’s National Oil Corporation has emptied storage tanks as a precaution after attacks by ISIS (Islamic State) on the country’s two biggest oil ports last week. An official from the company said the tanks in Ras Lanuf had been emptied and moved to a safer location.
NASA has published images of fires at oil production and storage facilities near Sidra, on the coast between Sirte and Benghazi following battles earlier this week.
A leading middle east expert believes Islamic State is more focused on ideology rather than gaining additional oil supplies as it targets Libya's oil ports.
A massive truck bomb exploded near a police base in the western Libyan town of Zliten, killing at least 60 police officers and wounding around 200 others, officials have said. No group immediately claimed responsibility for the attack but a local Islamic State affiliate has been trying to gain a foothold in Zliten, spreading westward from its central stronghold of Sirte along the North African country’s coast.
Security guards trying to protect an oil port in Libya have been killed after fierce battles with ISIS (Islamic State).
Islamic State (ISIS) have resumed an attack as they clash with guards in a bid to enter Libya’s oil port of Sidra. The fierce battles have reportedly left two members of the Petrol Facilities Guard militia dead.
Islamic State (ISIS) militants have been battling to seize the largest oil depot in Libya, according to reports. The Telegraph said the terror group, which previously gained control of former leader Colonel Gaddafi’s home city of Sirte, has reportedly been involved in clashes with guards trying to protect Sidra oil port.