Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before the end of January.
Libya on Monday voiced a strong commitment to renewing previous agreements with Türkiye, seeking to finalize a free trade deal and boost investments
PM Abdulhamid Al-Dbeibeh says up to $4 billion will be needed to meet objective after years of falling output amid ongoing conflict
A coalition of Darfur rebel groups said on Monday they had repelled an incursion by Sudan’s Rapid Support Forces (RSF) from Libya, inflicting heavy casualties and capturing dozens of vehicles. The clash occurred in a strategic border region between Sudan,
The Acting Chairman of Libya's state-owned National Oil Corporation (NOC) Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over the next three years if "the right funds are made available.
Türkiye good fit to engage in oil, gas exploration, refining, and other oil industry activities in Libya, while private sector prioritizes business with Türkiye, says Libyan economy minister - Anadolu
Libya has 48B barrels of 'discovered but unexploited oil,' total potential estimated at 90B barrels, says senior national oil company official - Anadolu Ajansı
The U.N. Libya mission expressed on Tuesday its alarm over what it said was footage circulating on social media featuring "brutal torture and ill-treatment" of detainees at the Gernada detention facility in eastern Libya.
The head Libya's National Oil Corporation (NOC), Farhat Bengdara, has resigned due to "health issues," and Masoud Sulaiman has been appointed as acting chief, the state oil company said on Thursday. The Government of National Unity's head,
Only the inquiry team and representatives from the Ministry of Defence have been allowed to attend the closed hearings, preventing the lawyers for the bereaved families, the general public, and the press from observing the proceedings.
The head of Libya's National Oil Corporation (NOC) is no longer in the role at the state oil company, two sources familiar with the matter told Reuters on Thursday. The NOC runs the technical sector of oil and gas production,
The chairman of Libya's National Oil Corporation, Farhat Bengdara, has resigned for "urgent" health reasons, the NOC said in a statement on Thursday.