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 ...

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 ...

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 ...

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 ...

DUBAI, March 12 (Reuters) - Libya's Mabruk Oil Operations has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) said in a ...

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 ...

Some say this famous dictator could have died as the richest man in the world at the time. He amassed huge sums of money while ruling his country with an iron grip, but his reign eventually came ...

Oil has reversed course after two sessions of losses, having slipped despite supply disruption from Libya, ING analysts said in a note.