The British “Economist” magazine suggested that Libya would be among the ten fastest growing countries in the world next year, with a GDP growth rate of 20.9%, supported by a recovery in oil and gas production. In its report on growth expectations next year, the magazine emphasized that the high …Read More »
International Energy Agency: Exporting countries from outside the “OPEC +” will increase production by 400 thousand barrels per day next year.
The International Energy Agency announced, Tuesday, that non-OPEC + producers are about to increase production by 400,000 barrels per day next year, after a decrease in production by 1.3 million barrels per day this year. The agency revealed, according to the Russian Sputnik Agency, that global oil supplies rose by …Read More »
On Monday, the Ministerial Summit of the Organization of the Petroleum Exporting Countries (OPEC) began, by virtual means. With the aim of reducing oil production in the future, as the Corona epidemic continues to cast its shadow on the global market. The Algerian Minister of Energy, in his capacity as …Read More »
Sanallah: The Corporation will keep oil revenues until there is transparency from the central bank, whose monetary policies are a failure.
The head of the National Oil Corporation, Mustafa Sanallah, said that he will keep oil revenues in accordance with the law until there is transparency and a clear disbursement mechanism by the Central Bank of Libya. On Sunday, Sanallah asked the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabeer, …Read More »
The National Oil Corporation denounced what it called “inaccuracies and misleading” in the statement of the Central Bank of Libya regarding revenues and expenditures in the period between January and last October, describing it as a “malicious” claim issued by the Central Bank. The Corporation stated – in a statement …Read More »
The head of the local authority in the Tunisian city of Ben Guerdane, Fathi Al-Aabab, said that the merchants in the city were pleased with the reopening of the border crossings between Libya and Tunisia, indicating that this decision re-injects blood into a vital economic artery for the entire south …Read More »
Bloomberg Libya surprised the market with the speed with which they were able to restore oil production.
Libya has boosted its oil production by more than 1.1 million barrels per day, gradually approaching the level it was producing before the war in the country began. And Bloomberg said that Libya’s production poses an “unwelcome” challenge to OPEC, which was to increase production by about two million barrels …Read More »
On Monday, oil prices fell by approximately 3%. As a result of the concerns, as the demand for fuel has weakened with the expansion of European closures due to the Corona virus. And Russia’s Sputnik Agency revealed that Brent crude future contracts are down 3.5%, or $ 1.34, and the …Read More »
The American “Bloomberg” agency revealed that Libyan oil production is increasing at a rapid rate to nearly one million barrels per day, especially after the intensification of operations in the oil fields and ports that were closed. The agency quoted the head of the National Oil Corporation, Mustafa Sanallah, on …Read More »
National Oil Corporation: Sanalla and Al-Sarraj discussed arrangements to ensure regular oil revenues for the benefit of all Libyans.
The National Oil Corporation confirmed that, during the past two days, the president of the corporation, Sanalla, discussed with the President of the Presidency Council, Fayez Al-Sarraj, all arrangements that guarantee the regularity of revenues for the benefit of all Libyans. On its official page, the Corporation announced, on its …Read More »