Libya

Libya: Govt to Restart Petchem Plant by Mid-April

Posted on March 19, 2019March 19, 2019 by Mozambique Resources Post

The Ras Lanuf Oil and Gas Processing Company (RASCO), a subsidiary of Libya’s state-owned oil company NOC, will see a restart of its polyethylene plant by mid-April. The plant had suspended operations in 2013 due to conflicts between armed groups.

Libya: Country Biggest Oil Field Restarts

Posted on March 5, 2019March 5, 2019 by Mozambique Resources Post

(Bloomberg) — Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut.

Libya: Recognised govt agrees with state oil firm to reopen El Sharara oilfield

Posted on March 1, 2019March 1, 2019 by Mozambique Resources Post

Libya’s internationally recognised government has agreed with state oil firm NOC on steps to reopen the El Sharara oilfield and lift force majeure, a contractual waiver, a government statement said on Tuesday.

Africa Oil & Gas: Libya’s NOC discusses Sharara oil field crisis with Repsol

Posted on February 11, 2019February 11, 2019 by Mozambique Resources Post

Libya’s state-run National Oil Corp said on Saturday that its Chairman Mustafa Sanalla had discussed a crisis at the Sharara oil field with Repsol executives in Tripoli.

Africa Oil & Gas: Libya’s Large Shut-in Oil Field Faces Possible Rival Clashes

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

A unit of forces loyal to Libya’s UN-backed government in Tripoli has been sent south to secure the country’s largest oil field, Sharara, which has been shut in for nearly two months after it was occupied by an armed group, in what could turn out to be another clash for a major oil asset in Libya between forces loyal to the government in the west and those pledging allegiance to a strongman in the east.

Africa Oil & Gas: Libyan National Army launches assault for Sharara field

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

The Libyan National Army (LNA), led by General Khalifa Haftar, launched an assault on January 15 to secure the El Sharara oil field, the country’s largest, which has a capacity of 300,000 bpd.

Africa Oil & Gas: Libyan oil revenue dips to $2.4 billion in November

Posted on December 31, 2018December 31, 2018 by Mozambique Resources Post

Libyan oil revenue dips to $2.4 billion in NovemberDUBAI: Libya’s oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said on Friday.

Africa Oil & Gas: Sharara To Reopen After PM Negotiates Withdrawal Of Protesters

Posted on December 21, 2018December 21, 2018 by Mozambique Resources Post

Libya’s largest oil field Sharara will reopen after Prime Minister Fayez al-Sarraj negotiated with the protesters that had blockaded it and agreed to meet their demands, Libyan media report. However, the National Oil Corporation has not confirmed it will restart the field.

Africa Oil & Gas: US Calls On Libya To Resolve Sharara Problem

Posted on December 20, 2018December 20, 2018 by Mozambique Resources Post

The U.S. State Department has issued a statement urging the Libyan authorities and the militants who put a blockade on the country’s biggest oil field to resolve their differences so production could resume.

Africa Oil & Gas: Libya declares force majeure

Posted on December 12, 2018December 12, 2018 by Mozambique Resources Post

Libya’s National Oil Corp. declared force majeure on crude loadings at its Sharara field because of the presence of a militia, according to S&P Global Platts.

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