First Independent Mena Newspaper
Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]
Senegal’s Sangomar offshore oil and gas field has produced 16.9 million barrels in 2024, surpassing its 11.7 million target, according to official figures. Sangomar field, about 100km south of Dakar, achieved its first oil production in June 2024 and is expected to pump at least 100,000 barrels daily. The project is a joint venture between […]
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication of workers at production sites across the country, despite persistent challenges such as delays in the disbursement of the […]
OPEC oil production increased from its lowest levels this year, on the back of a surge in Libyan oil output, Reuters reported. The Libyan oil production increased following the settlement of a crisis that left the central bank in uncharted territory. Libyan output has fully recovered after the country’s eastern-based government and Tripoli-based National Oil […]
On October 14, Prime Minister Abdul Hamid Dbeibah announced a significant milestone for Libya’s oil sector, reporting that oil and condensate production had reached an impressive 1,305,059 barrels per day (bpd). This achievement is a testament to the resilience and hard work of national workers across various oil fields, as well as the strategic leadership […]
After a suspension of more than a month due to a significant political crisis involving the UN-recognized Government in Tripoli, eastern Libyan authorities announced on Thursday, October 3, that oil production and exports from the region will resume. Oil operations, which have been halted since August 26, are set to restart following the lifting of […]
Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year. The new refinery, owned by Africa’s riches man Aliko Dangote, was […]
Nigeria’s state oil company NNPC announced it has hired a firm owned by former militant Tompolo, whose movement’s attacks on facilities in the early 2000s crippled oil production, to protect installations and tackle rampant theft. It was one of five security contracts awarded as theft and pipeline sabotage have cut Nigeria’s oil exports by nearly […]
Libya’s state-run oil company, National Oil Corporation (NOC), plans to increase oil production to 2 million barrels per day as most of the country’s oil fields resume operations. Chairman of NOC, Farhat bin Qadara, said a medium-term plan will be outlined to achieve this goal, which will extend from three to five years and that […]
South Sudan is targeting an increase in crude oil production of 70,000 bpd by June 2019, the country’s Minister of Petroleum, Ezekiel Lol Gatkuoth said on Wednesday. The statement follows a tour at the El-Nar, El-Toor and Manga oilfields last weekend. Gatkuoth encouraged the China Petroleum Engineering and Construction Corporation to fast track the rehabilitation […]