3 days ago · Libya's National Oil Corporation (NOC) will focus on raising its output and transparency, new acting chairman Massoud Suleman told Reuters, as Africa's second-largest oil producer looks to recover ...

5 days ago · Libya resumed loading oil from two key eastern ports — which account for a third of its exports — after they were halted for a day by protesters. Shipments restarted from Es Sider and Ras ...

Oil reserves in Libya are the largest in Africa, and among the ten largest oil reserves globally [1] with 46.4 billion barrels (7.38 × 109 m 3) of proven oil reserves as of 2010.

6 days ago · Libya's state-run National Oil Corp (NOC) said that export activity was running normally after it held talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday.

Jan 9, 2025 · Libya’s NOC announced in December its intent to offer 22 onshore and offshore exploration blocks in 2025 to attract foreign investment to boost the country’s energy sector, Zacks reported, adding that Libya’s crude oil production hit its highest levels since 2013 in 2024, besting 1.4 B/D.. The Middle East Observer noted that the “partnership with BP and the Libyan Investment Authority ...

Jan 7, 2024 · Libya's state-run oil company says production at the country's largest oil field has been suspended after protesters forced the facility's closure over fuel shortages.

Aug 28, 2024 · Since the 2011 NATO-backed uprising that toppled Muammar Gaddafi and thrust Libya into chaos, access to its oil wealth has become the biggest prize for all political factions and armed groups.

Jan 21, 2024 · Libya’s state-owned oil company says production has resumed at the country’s largest oilfield, ending a more than two-week hiatus after protesters blocked the facility over fuel shortages.

• Libya was the seventh-largest crude oil producer in OPEC and the third-largest total petroleum liquids producer in Africa, after Nigeria and Algeria, in 2023. 1 At the beginning of 2024, Libya held 3% of the world's proved oil reserves and 41% of Africa’s proved oil reserves (Figure 1). 2

Oct 28, 2024 · BP and Eni have returned to Libya after ten years of avoiding the country amid its civil war. Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory...