Tripoli's vast oil reserves, managed by the National Oil Corporation (NOC), have become a focal point for illicit activities, ...

Libya’s vast oil reserves have long been a source of both economic promise and political turmoil. While the official oil ...

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 ...

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

Libya is attempting to revitalize its energy ... of Western oil companies from the Libyan market. The country's oil reserves are estimated at 48 billion barrels, attracting interest from energy ...

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 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 ...

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

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

threatening to shut the country's oil fields. There was no comment from the government on the PFG move as of 3.15 p.m. local time (1315GMT). Libya holds Africa's largest crude reserves ...