Al-Sarraj approves payment of the PFG’s dalayed salaries
On Sunday, the Petroleum Facilities Guard (PFG) in Tobruk announced that it had stopped exporting oil through the port of Hariga. In a statement issued...
oil blockade
CBL: Libyan energy revenue dropped 92% in 2020
Libya’s oil and gas revenue dropped by 92% last year, the central bank said on Wednesday, after most exports were stopped by a months-long blockade...
Ismail Al-Ayeb says oil blockade is the reason for suspending family allowances
Ismail Al-Ayeb, a former member of the General National Congress, confirmed during a televised interview for Libyan WTV channel and Tabadul Platform that the main reason...
The World Bank issues Libya’s Economic Update — October 2020
“The Libyan economy has recently been hit by four overlapping shocks: an intensifying conflict that suffocates economic activity, the closure of oil fields that puts...
Libya’s NOC lifts force majeure on Sharara oil field
Libya’s state-owned National Oil Corporation said it lifted force majeure on Sharara, the country’s top producing oil field, and restarted pumping as the OPEC producer...
Libyan barrels’ return may be temporary
Production could ramp up quickly, but the countdown is already ticking on another round of shutdowns. According to Petroleum Economist, a monthly magazine that provides...
How strongly can Libya’s oil rebound?
A blockade on Libya’s oil facilities has been partially lifted, allowing a gradual reopening of some ports and fields, but obstacles and uncertainties complicate a...
Global Platts: “Resumption of oil exports in Libya is not certain”
Mike Muller, director of oil business development and head of trading at Vitol Asia, said the resumption of oil exports in libya is not so...
Oil flat as Libya developments counter OPEC+ boost
Oil prices were unchanged on Friday, weighed after a Libyan commander said a blockade on the country’s oil exports would be lifted for a month,...
Al-Mismari: “a new technical committee to ensure fair distribution of oil revenues”
The exchange rate for citizens and government, according to the oil blockade lifting agreement, should be 1.3 the official price or 3.4 the adjusted price....