Heavily subsidised fuels are being smuggled out of the country and sold abroad, helping sustain its rival political factions ...

The Central Bank of Libya (CBL) reaffirmed its commitment to providing foreign currency to meet the needs of the local market ...

Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, according to the statement, with plans ...

Gaddafi's huge fortune was made possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in ...

Libya's Mabruk Oil Operations has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based ...

Founded in 1970, NOC has historically controlled the country's vast oil reserves — some 48 million barrels of crude, according to the energy firm. In 2023, Libya exported 432 million barrels of oil, ...

The oil money never benefited the people of the country, as the dictator siphoned off huge amounts for his own use.

Field closed in 2015 25,000 bpd July production target Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity said on ...

Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The Libyan government has officially launched the ...

CAIRO, March 3 (Reuters) - Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), announced in a ...

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...

Libya's Mabruk Oil Operations has resumed production after a ten-year pause due to a 2015 terrorist attack. Initial output is 5,000 barrels per day, with growth plans reaching 25,000 by July. This ...