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Tag: oil
Libya: Oil production slows down
The production of oil in the leading oil production country in Africa has suffered a drastic decline since its civil war in 2011. The ongoing ... Read More
Libya to remove oil and food subsidies
Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off ... Read More
Algeria doesn’t have enough oil for Egypt
Algiers has made it intentions known to Cairo that deals involving natural gas could only be discussed in 2014, due to the need to develop ... Read More
Algeria offers Russia open investment opportunities
According to a statement released by the Algerian Ministry of Oil, Algeria is willing to open the door to Russia in an invitation made to ... Read More
Libyan oil to Cairo on soft terms
Two senior officials in the Libyan oil ministry have claimed that Libya could be exporting $1,2 billion worth of crude oil at world prices, but ... Read More
Libya’s oil market still plagued by insecurity
The Libyan oil law being drafted by a committee is expected to be ready before September “if all goes well” according to oil minister Abdelbari ... Read More
Algeria: new oil discovery
The first phase of the drilling campaign of Hassi Bir Rekaiz perimeter, carried out by the National hydrocarbon company Sonatrach in partnership with Thai company ... Read More
Libya Finds New Oil & Gas Fields
Libya has announced new oil and natural gas discovery in the Ghadames basin southwest of Tripoli, opening new prospects for the battered economy of the ... Read More
Longreach Completes 2D Seismic Program Onshore Morocco
Longreach oil and gas limited, an independent oil and gas company holding exploration and near term development licences in Morocco, announced earlier this week that ... Read More
Turkish Firm to Invest $700m in Iraqi Steel Plant
A Turkish company will invest $700 million in an Iraqi steel plant to upgrade its production capacity to 1 million tons per year. Under the ... Read More