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 ...

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 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 - 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 ...

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 ...

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 ...

The lengthy conflict is taking a heavy toll on the Libyan economy and the well-being of the population. Obstructed by the conflict, production of oil, the main source of income in Libya, has been ...

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 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 ...

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 ...