“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
Libya’s oil production has risen in the past two weeks, bringing hope the OPEC member’s exports can stabilize at more than 1 million barrels a day and provide relief to a tight global market.
Libya’s National Oil Corp. (NOC) has lifted force majeure at the Brega and Zueitina terminals, allowing in a tanker.
National Oil Corp. (NOC) has declared force majeure at Es Sider and Ras Lanuf, joining the Brega and Zueitina terminals.
A militia group has shut down a number of Libyan fields, while conflict between the oil ministry and the National Oil Corp. (NOC) heightens in the run up to the presidential election.
Clashes have “severely damaged” the Zawiya refinery, Libya’s National Oil Corp. (NOC) has reported.
The Libyan prime minister has stepped in to smooth over the dispute at the National Oil Corp. (NOC).
Libya’s oil minister has called for the removal of the head of the National Oil Corp. (NOC), although progress is likely to be slow.
Libya’s budget crisis threatens to derail operations at Sirte Oil Co. (SOC), with the company’s leadership calling for help from parent National Oil Corp. (NOC).
Libya’s National Oil Corp. (NOC) held a meeting with the new government on March 31 to discuss the importance of funding the company.
Libya’s National Oil Corp. (NOC) has signalled a return of faith in its sometimes fractious relationship with the Central Bank of Libya (CBL), following the appointment of a new government.