Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...

Libya has launched its first exploration bid round in 17 years as part of a strategy to boost oil production by more than 50% to 2 million barrels per day. The last time the country ran an acreage ...

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 ...

A Fairfax Media and Huffington Post investigation has uncovered an extraordinary case of bribery and corruption in the oil industry, centred on Monaco-based company Unaoil. In Libya, it worked ...

Obstructed by the conflict, production of oil, the main source of income in Libya, has been steadily declining over the last 4 years to reach around 0.38 million barrel per day (bpd) in 2016, which is ...

TUNIS, March 3. /TASS/. The National Oil Corporation (NOC) of Libya announced its first tender for exploration of oil and gas fields since 2008. "Twenty-two new onshore and offshore areas" will be ...

Oil has reversed course after two sessions of losses, having slipped despite supply disruption from Libya, ING analysts said in a note. The country's output dropped this week by close to half a ...

SIRIUS /federal territory/, November 12. /TASS/. Libya invites Russian companies to cooperate in geological exploration and oil production, Acting Head of the Ministry of Foreign Affairs of the ...

CAIRO - 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 televised address on Monday ...

Libya is Africa's second-largest oil producer and a member of the Organization of the Petroleum Exporting Countries (OPEC). Reuters Last Updated : 03 March 2025, 16:41 IST ...