First Independent Mena Newspaper
Libya’s state-owned National Oil Corporation (NOC) accused the Tobruk-based government led by Prime Minister Thinni of stopping the state from earning the much needed revenue from oil sales by blocking loading at the Marsa al Hariga port. Tripoli-based NOC warned in a statement that stopping the exportation of oil will heavily impact the value of […]
Libya’s oil sector suffered a major attack on Thursday as the Islamic State group destroyed oil storage tanks at Ras Lanuf port after its successive attacks to take over the port failed. National Oil Corporation (NOC) stated that areas around the terminal are dealing with an “environmental catastrophe” with the fire services unable to access […]
Libyan Premier Abdullah Al-Thani has been prevented Monday, for the second time in less than a week, from leaving the country as he was about to fly to Egypt for Eid holiday. Security forces close to Gen. Haftar pulled him out of his official plane at Labrag Airport. This was the fourth time, and the […]
The long awaited opening of Es Sider and Ras Lanuf is finally over after the announcement by the rebels that the government could use it to “resume operations.” The two oil ports have a combined capacity of 560,000 barrels per day. The government has welcomed the move which is seen as a supporting gesture to […]
Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will resume production and exportation after reaching an agreement with the protesters. Libya’s National Oil Corporation (NOC) published on its website that it has lifted the force majeure on the oil terminal on Thursday. […]
The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. Prime Minister Ali Zeidan has warned that the government will use all the force it has without any reservations if such attempts are made. Oil production and exportation is Libya’s […]
British petroleum is not hiding its fears about the risks in the North African region after it revealed that it was having second thoughts about its activities in Libya. The spokesperson of the British company said that drillings in Libya were scheduled for the end of the second quarter this year but the company is […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]