Libya: Govt to Restart Petchem Plant by Mid-April

Libya: Govt to Restart Petchem Plant by Mid-April

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. Advertisements

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

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

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.

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

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

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.

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

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

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.

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

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

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.

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