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Libya Overview

Libya

in figures

Oil Reserves48.4 billion barrels

Gas Reserves1.4 tcm

Libya: North Africa's Oil Heavyweight

Libya targets 50% rise in oil output, plans bid round
NEWS
Libya - February 28, 2024

Libya is targeting an increase in oil production of 50% to 2 million bopd within five years and is planning a bid round.

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Libya calls force majeure at its Sharara oilfield project
NEWS
Libya - January 08, 2024

Libya’s National Oil Corporation has declared force majeure at its Sharara oilfield project due to protests, Reuters reported…

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A Saudi oil and gas technology leader TEY_post_Completion-Energy-–-Abdulmuin-ALYOUSEF
Interview
Saudi Arabia - December 15, 2023

Abdulmuin Alyousef, CEO of Completion Energy, talks to The Energy Year about the company’s strategy to export technologies developed locally and its success in…

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TEY_post_Atif-Arikat
Interview
UAE - December 12, 2023

Atif Arikat, managing director of Al Ghaith Energy, talks to The Energy Year about how energy market dynamics are evolving in the UAE, the company’s strategy for…

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A big opportunity in manufacturing TEY_post_Bassam-BAMAGOUS
Interview
Saudi Arabia - October 26, 2023

Bassam Bamagous, chairman of the board of Advanced Precision Industrial Services (APS), talks to The Energy Year about the company’s transition from a machining shop…

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Saipem awarded EPCIC works worth $1 bln in Libya
NEWS
Libya - August 10, 2023

Saipem has signed a EPCIC contract with Eni worth around USD 1 billion to revamp platforms and facilities on the offshore Bouri gasfield in Libya, the Italian…

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Interview
Egypt - June 25, 2019

Waleed Lotfy, chairman and managing director of Petrojet, talks to TOGY about new momentum in the Egyptian oil and gas industry and the strategy involved in the…

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Interview
Egypt - June 20, 2019

TOGY talks to Khaled Kamel, vice-president Power Systems Business unit for Schneider Electric Egypt, North East Africa & Levant Cluster, about the company’s…

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ayman kahttab baker hughes egypt
Interview
Egypt - May 01, 2021

Ayman Khattab, president and CEO for the Gulf and North Africa at Baker Hughes, a GE company (BHGE), talks to TOGY about the business environment in Egypt’s oil and…

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Oil up in choppy trading
NEWS
Multinational - May 10, 2019

Volatile oil prices gained slightly on news of Russian oil contamination joined supply factors from Iran and North Korea while fears of an all-out Sino-US trade war…

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Oil traders wait for Trump action on Iran
NEWS
Multinational - April 19, 2019

The guessing game begins. With exactly two weeks to the expiration of the US sanction waivers on Iran, oil bulls are holding tight to see which way President Donald…

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Oil prices trade near 5-month high
NEWS
Multinational - April 09, 2019

Oil prices gained on Tuesday in Asia and traded near a 5-month high, supported by concerns on Libya supply disruptions.

US Crude Oil WTI Futures was up 0.2% to…

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Oil prices gain amid Libya clashes
NEWS
Multinational - April 08, 2019

Oil prices gained on Monday in Asia as the escalating conflict in <a href='https://staging.theenergyyear.com/companies-institutions/opec/’>OPEC producer…

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