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Libya’s NOC chief sees higher oil prices, not relying on Opec

Wednesday 20 May,2015
The head of Libya’s National Oil Corp (NOC) sees higher oil prices and said the company is working to boost output and regain market share taken by other producers.
Speaking on a visit to London, NOC chairman Mustafa Sanallah said he saw signs of oil demand increasing across the globe and a fall in the supply of shale
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GCC investors buy giant Libyan cement company

Tuesday 28 April,2015

A group of Gulf investors have joined hands with local firms to buy the largest cement maker in eastern Libya, betting on a construction boom once fighting abates in the North African country, one of the investors said.

Libya rarely attracts investment since much of the country is a battlefield involving two rival governments and parliaments and a

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Libya’s biggest oil port set to reopen as groups vie for buyers

Sunday 05 April,2015

Bayda, Tripoli: Libya’s biggest oil port may reopen in two weeks as fighting in the area recedes amid increasing competition between the divided North African nation’s rival governments for the control of crude exports.

Al Mabrook Bu Seif, the chairman of state-run National Oil Corp appointed by the elected government in the east of the country, said his

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Libya boosts oil output despite turmoil

Saturday 28 March,2015

Benghazi : Libya, struggling with militant attacks and two governments vying for control of the country, has boosted oil production to around 622,000 barrels a day (bpd), a report from state firm NOC said, higher than previously expected.

The North African oil producer has managed to bring fields in western Libya and eastern ports back online despite militant

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Three tankers to lift oil at eastern Libyan ports

Monday 23 March,2015

Benghazi : Three tankers plan to lift 1.7 million barrels of crude from ports in eastern Libya this week, oil officials said on Monday, giving hope to the battered energy sector in the North African country.

The OPEC member state’s oil sector has been hit by Islamist militant attacks and fighting between rival factions that has shut down

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Libya resumes pumping crude from biggest field to Hariga port

Monday 23 February,2015
Libya has resumed pumping crude from its southeastern Sarir field to Hariga port, a spokesman for state oil operator Agoco said, bolstering a potential recovery in exports from the country’s east after Zueitina port opened at the weekend.
Higher oil exports, which had fallen to a trickle as violent conflict between two rival governments and parliaments disrupted supplies,
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Libya’s largest oil field back online

Sunday 22 February,2015

Libya’s largest oil field resumed sending crude for export Sunday after a sabotaged pipeline was repaired, a Libyan oil official said.

The resumption at the Sarir oil field, which pumps about two-thirds of the country’s remaining output, is a rare piece of good news following renewed fighting in Libya’s civil war and a string of attacks by Islamic

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Western powers say Libya risks bankruptcy as oil price falls

Saturday 07 February,2015

Rome–The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

In a statement voicing alarm at the deteriorating security situation in the North African state, the allies warned: “In light of low oil production and prices, Libya faces a budget deficit that has the potential

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Oilfield attack did not affect Libya’s output – Zwai

Thursday 05 February,2015

TRIPOLI – An attack by gunmen on the Mabrook oilfield on Tuesday had not affected Libya’s crude production, the oil minister of a rival government said on Thursday.

Mashallah Zwai said the attackers had killed nine Libyan members of an oil security guard unit and one foreigner during the raid on the field located south of the central

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APR reallocates Libya assets as government fails to ratify contract

Monday 26 January,2015

APR Energy Plc said it would move its power-producing assets currently located in Libya to other places, as the government has failed to ratify its contract even two months after the company first switched off power generation.

APR, which rents out turbines and generators to overcome power shortages, suspended electricity generation in Libya in early November pending completion

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