Libya: $70 bln fund set to thaw from UN asset freeze
Formerly one of the wealthiest nations in Africa under the rule of Muammar Gaddafi, Libya stands with its territory divided...
Oil
Algeria signs with US oil giant ExxonMobil
Algeria-US relations have been on eggshells since Trump’s administration recognised Moroccan sovereignty in Western Sahara and Algeria turned to Russia...
Libya: Production to resume at Sharara oil field
Libya’s National Oil Corporation (NOC) declared the resumption of production at the Sharara oil field on January 29th, according to...
Libya: Oil field closures threaten $20.69 bn annual revenue
Libyan oil production reached a value of 99.1 billion Libyan dinars ($20.69 billion) in 2023 with closures now threatening production,...
Libya: Protests result in two oil field closures
Africa News reported that two oil fields were closing in Libya’s Ubari region, situated in the country’s southern part. The...
Iran’s leader calls for oil embargo against Israel
Iran has finally called for action against Israel for its indiscriminate military campaign in Gaza, which so far has killed...
Mikati, Berri Assist in Launch of Oil Exploration in Lebanese Waters
Lebanon’s caretaker Prime Minister Najib Mikati and parliament Speaker Nabih Berri assisted on Tuesday in the launch of the logistics...
Fuel shortages and panic buying plague Tunisia
Fuel shortages have caused long lines at petrol stations in Tunisia, with officials accusing the public of panic buying and...
Oil deal between Libya and Turkiye blocked by court
A controversial oil deal signed between Libya and Turkiye, which enraged regional powers in the Mediterranean, has been suspended, according...
Libya says oil production aimed at reaching 2010 levels
Libya's oil production is progressing with expectations that it could hit 2010 levels, according to recent newswire reports in Kuwait....
Libya bank chief says oil production needs to be raised
Libya’s central bank governor said the war-torn OPEC nation needs to boost oil production to enact sweeping development plans and...
