Authorities in eastern Libya vowed to export more crude oil soon, two days after shipping their first cargo in defiance of a national unity government based in Tripoli and in spite of a UN official’s condemnation of such “illicit” sales.
British oil giant BP would be “very welcome back” in Libya, Philip Hammond has told MPs.
Two Italian hostages have been freed from Islamic State captivity in western Libya, local officials say.
Libya’s chairman of the NOC (National Oil Corporation) has claimed more than $53billion of lost revenue from the energy industry has been caused by the country’s Petroleum Facilities Guard (PFG). Figures show the country, which is battling between two different factions for power, has lost more than $68billion since 2013.
ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.
Libya’s National Oil Corp said a major oil pipeline was hit by an explosion.
Libya’s National Oil Corporation has emptied storage tanks as a precaution after attacks by ISIS (Islamic State) on the country’s two biggest oil ports last week. An official from the company said the tanks in Ras Lanuf had been emptied and moved to a safer location.
NASA has published images of fires at oil production and storage facilities near Sidra, on the coast between Sirte and Benghazi following battles earlier this week.
A leading middle east expert believes Islamic State is more focused on ideology rather than gaining additional oil supplies as it targets Libya's oil ports.
A massive truck bomb exploded near a police base in the western Libyan town of Zliten, killing at least 60 police officers and wounding around 200 others, officials have said. No group immediately claimed responsibility for the attack but a local Islamic State affiliate has been trying to gain a foothold in Zliten, spreading westward from its central stronghold of Sirte along the North African country’s coast.
Security guards trying to protect an oil port in Libya have been killed after fierce battles with ISIS (Islamic State).
Islamic State (ISIS) have resumed an attack as they clash with guards in a bid to enter Libya’s oil port of Sidra. The fierce battles have reportedly left two members of the Petrol Facilities Guard militia dead.
Islamic State (ISIS) militants have been battling to seize the largest oil depot in Libya, according to reports. The Telegraph said the terror group, which previously gained control of former leader Colonel Gaddafi’s home city of Sirte, has reportedly been involved in clashes with guards trying to protect Sidra oil port.
Islamic State (IS) terrorists could now be armed with chemical weapons if Britain had not acted to thaw relations with Muammar Gaddafi, Tony Blair has insisted. The former Prime Minister mounted a robust defence of his diplomatic detente with the Libyan dictator, arguing that otherwise his stockpile of illegal armaments could still be in circulation. Mr Blair also disclosed that he telephoned Gaddafi “two or three” times in 2011 to try to get him to give up power peacefully - but refused to criticise David Cameron for using force to overthrow the regime.
Oil pared its first weekly gain in a month as Libya sought to increase output and Russia ruled out military retaliation against Turkey for downing its jet near the Syrian border.
Commodities trader Glencore said on Thursday it recognises Libya's Tripoli-based National Oil Corporatino as the sole legal marketer of the country's oil, after securing an export deal earlier this year with the state-run company.
Libya’s oil output dropped below 400,000 barrels a day after the divided country’s internationally recognized government in the east closed a port run by a rival administration in the west, in a push to assert control over more energy assets and exports. Production fell after crude exports halted at the port of Zueitina, Mohamed Elharari, a spokesman for the National Oil Corp.’s management in the western city of Tripoli, said Wednesday by phone. Libya pumped 430,000 barrels a day in October, data compiled by Bloomberg show. Zueitina will be closed until further notice, and tankers seeking to load crude there must now register with a rival NOC management loyal to the internationally recognized government based in eastern Libya, according to a Petroleum Guard spokesman Ali al-Hasy. Vessels registered with the NOC administration in Tripoli, seat of an Islamist-backed government, are “illegitimate” and won’t be permitted to load at Zueitina, he said.
Libya is forming a national unity government after months of difficult talks between the country’s two rival administrations. The north African country’s United Nations envoy Bernardino Leon said candidates for the new government had been decided. The announcement, made in Morocco, is a step towards stitching together the oil-rich but chaotic country that fell apart after the overthrow of former dictator Muammar Gaddafi in 2011. The country has been split between an Islamist-backed government based in Tripoli and an internationally-recognised administration in the east.
Libya’s internationally recognized government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude deposits. Oil companies operating in Libya or seeking to do so must register with the National Oil Corp. controlled by the elected government based in the country’s eastern region, Deputy Prime Minister Abdussalam Elbadri said Wednesday at a conference in Valletta, Malta. The NOC will refuse to renew the contracts of any companies that don’t support the elected government, NOC Chairman Nagi Elmagrabi said in an interview in Valletta. The country plans to boost crude output to 2 million barrels a day by 2020, he said.
Power supplier APR Energy has successfully demobilised and removed all of its remaining assets from Libya.
A state oil firm loyal to Libya's official government based in the east of the country has invited foreign oil firms to discuss existing oil purchase contracts at a conference in Dubai next month, it said in a statement. The move is a fresh attempt by Libya's internationally recognised government to control state oil firm NOC, which is at the centre of a conflict between two rival administrations four years after the ousting of Muammar Gaddafi. The eastern government, which lost the capital Tripoli a year ago to a rival administration, has set up a new oil entity, which it calls NOC east, based in the city of Benghazi, but oil buyers still only deal with the established state firm NOC based in Tripoli, which has processed oil sales for decades.
Power supplier APR Energy has made progress in clawing back payments and equipment from terminated projects in the Middle East - which is likely to help its upcoming half-year results.
Power generator APR Energy has pulled out of conflict-torn Yemen over security concerns, leaving behind $24 million of modular power equipment.
The head of Libya’s internationally recognized government resigned, just hours after the United Nations opened peace talks meant to end the civil war in the holder of Africa’s largest oil reserves. Abdullah al-Thinni, who heads the government in eastern Libya, said on a television program Tuesday that he will quit all his official posts. An official resignation will be submitted to parliament on Sunday.
Libya’s new head of the state oil company for the eastern region is considering ending force majeure at the North African nation’s two largest ports and will seek to boost crude output.