The political risk consultation group “Eurasia” predicted that the oil production in Libya will continue to rise in the upcoming years as a result of the expected political agreement in the country. In a research note published by “CNBC”, on Tuesday, the group said that the political agreement in Libya …
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Royal Dutch Shell, the largest oil company in Europe, signed with the National Oil Corporation (NOC) its first contract since 2013 to buy crude oil from Libya. Shell and BP have agreed to a long-term contract with NOC to buy crude oil, Bloomberg said on Thursday, citing the recovery of …
Read More »(Author: Libyan Gazette Editorial Staff) Libya’s crude oil production increased over 70 percent since last month after the reopening of a few oil fields and oil ports which were closed for the last two years. On Tuesday, Ibrahim Al-Awami, the head of oil measurement department at Libya’s National Oil Corporation …
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