Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a ...

Russia's interest in Libya's oil The country's oil reserves are estimated at 48 billion barrels, attracting interest from energy giants such as Repsol, ENI, BP, and OMV.After years of sanctions ...

The Libyan economy relies heavily on oil, with fossil fuels accounting for ... it shares with Saudi Arabia as well as its domestic fields. Kuwait is a wealthy petroleum-based economy and the ...

Libya's National Oil Corporation (NOC) has resumed oil production at the Mabruk oilfield after a ten-year hiatus. The field is currently producing 5,000 barrels per day (bpd), with an expected ...

Crude began to be transferred to the nearby Al-Bahi field on Tuesday as part of efforts to improve the efficiency of the country's oil infrastructure and operations. Libya's National Oil ...

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The National Accord Bloc in the High Council of State (HCS) said that international newspaper reports confirm what the bloc ...

TRIPOLI: Libya has started a partial production shutdown of its largest oil field, three people with direct knowledge of the operations say. Output at the Sharara field had dropped by 30,000 ...

Tripoli: Libya's National Oil Corporation (NOC) announced on Wednesday the resumption of production at Al Mabrouk oil field after a 10-year hiatus. The NOC stated that production at Al Mabrouk ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...