Libya

A step-up in IOC investment is a prerequisite for Libya getting anywhere near its 1.6mn b/d end-2019 output target. But Libya rates barely a footnote in their plans.

General Khalifa Haftar’s eastern-based, self-styled Libyan National Army (LNA) on 11 February took control of the shut-in 315,000 b/d...

*With Libyan crude output reaching a six-year high of 1mn b/d in 2018 it is no wonder that exports...

With output at a near-four year low Opec must decide on whether or not to enforce its output deal in the face of Venezuela’s implosion.

Libya’s NOC on 25 January said it had cut natural gas supplies to Lifeco, operator of four fertilizer production...

Libya recorded 5-year high revenues in 2018 on the back of a leap in oil prices and six-year high output. But it is no closer to exiting its 8-year ‘transition’.

Khalifa Haftar, commander of the eastern-based Libyan National Army (LNA) on 15 January announced an operation to “secure” water,...

Trading firm Glencore has from the start of 2019 lost its exclusive rights to trade Libyan state-firm Agoco’s roughly...

While Libya managed to ramp up crude output to just under 1mn b/d in 2018, continued instability clouds the country’s outlook. Gas exports to Italy are at a seven-year low but this is mainly due to a rise in domestic demand.

Speaking 12 months ago UAE Energy Minister Suhail al- Mazrouei, newly-installed as Opec President, flagged up 2018 as “the...

NOC says damage from latest attacks have degraded output capacity. Though Libya’s 2018 oil revenue hit a 5-year high, prospects for 2019 are rapidly dimming.

Libya’s NOC has refused to reopen the 315,000 b/d El Sharara field, forcibly shut-in since 9 December. This comes...