First Independent Mena Newspaper
Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, the chairman of the state-run National Oil Corp told Bloomberg. The statement comes as the country’s capital has sank in a spiral of violence opposing rival militias. Output reached recently 1.278 […]
After Ahmed Maiteeq’s confirmation as the new Prime Minister of Libya in a controversial vote at the General National Congress, the rebels have decided that they won’t recognize the Prime Minster because he “came to power illegally,” according to their spokesman Ali Hasi. Their decision will affect the agreements they reached with former Prime Minister […]
After halting its oil production during the uprising against Ghaddafi and beginning production activities after his ousting, Libya has finally reached the production level of the Ghaddafi era and has surpassed expectations. At the beginning of the year, oil minister Abdelbari Arusi said they are hoping to reach the level of 1,7million barrels per day […]
Tunisian authorities have awarded an oil exploration permit to Ukraine’s YNG Exploration Limited. The permit authorizes the Ukrainian firm to begin explorations in the 988 KM² Araifa site in Tatounie, southern Tunisia. The firm will conduct seismic exploration and proceed to the drilling of two test wells over a five-year period at an estimated cost […]