Gemini Sun Reopening of the Libyan ports Ras Lanuf and Es Sider that were blocked for about a year by federalist rebels, along with the restart of crude oil transport will see a spike in Mediterranean Aframax freight rates, according to Platts. ... World Maritime News, 2 months ago
Libya reopens oil ports as rebels hand over control to army - Middle East Eye, 1 month ago
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Germany's Wintershall, a subsidiary of BASF, has restarted production at the 220,000 barrel per day Ras Lanuf terminal for the first time since protests ended in July, Ibrahim al-Awami, general manager of inspections and measurement at the oil ...Tanker Operator, 2 months ago
Libya's state-owned NOC has called on workers to end strike action at fields in the east of the country, and to maintain production at the highest technical rate possible given the falling oil price, which is denting Libyan crude revenues. Strikes ...Platts, 4 days ago
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.6 million barrels per day (b/d) in September, up 400,000 b/d from August and the highest level since December 2013 when the oil producer group pumped an ...Commodities Now, 1 week ago Platts Survey: OPEC Pumps 30.6 Million Barrels of Crude Oil Per Day in September Wall Street Select, 1 week ago OPEC pumped 30.6 million barrels of crude oil per day in September 2014 Mbendi, 1 week ago OPEC pumps 30.6 million barrels of crude oil per day in September, reveals Platts survey Business Intelligence Middle East, 1 week ago
The French and British leaders, Nicolas Sarkozy and David Cameron, were cheered by jubilant crowds when they visited Benghazi in September 2011. "You showed the courage of lions - and we salute your courage," Cameron said. But those lions - ...BBC, 1 week ago Libya's government holed up in a 1970s hotel Libya Business Info, 1 week ago Why Libya Desperately Needs To Clean Up Its Act Gulf Business, 1 month ago
Summary Libya was producing 1.65 million bpd of crude in 2010. During parts of 2013, exports fell by ~1.4 million bpd. Recently, Libyan production jumped by nearly 500,000 bpd from Q2 to Sept./Aug. The rapid step-function changes in Libyan ...Seeking Alpha, 1 week ago
Libya's oil output has risen further, pushing world oil prices lower, defying the chaos of more fighting between the factions that divide the country and a government driven from the capital. Crude output has reached 925,000 barrels per day (bpd), ...Alexanders Gas & Oil Connections, 2 weeks ago UPDATE 2-Libya's oil output up to 925,000 bpd, Hariga port back CNBC, 4 weeks ago Libya's oil output up to 925 000 bbl/d, Hariga port back Engineering News, 4 weeks ago Libya's oil output up to 925 000 bpd News24, 4 weeks ago
With $100 billion in foreign reserves: is Libya's central bank monopolizing the country's economic potential?
And it's not the oil revenues alone that the bank holds. The CBL controls the country's entire purse strings at the moment, including $100bn in foreign currency reserves. It is from the bank's headquarters that money is distributed and assets ...Albawaba, 3 weeks ago
:12 pm June 28, 2014. Libya's acting Prime Minister Abdullah al-Thinni said the government had reached a deal with Ibrahim Jathran, a rebel leader controlling oil ports to hand over the last two terminals of Ras Lanuf and Es Sider and end a blockade ...The Africa Report, 4 weeks ago Libya's eastern Hariga port back to normality, exports 120,000 bpd Yahoo! Canada, 4 weeks ago Libya declares oil breakthrough as rebellion simmers Middle East Eye, 2 months ago
More from: , Sharenet...and 4 other sources
While the battle for control of Libya's oil ports has been seen as a critical indicator of victory in the civil war, the money received from oil sales currently has one sole destination: the Central Bank of Libya. Oil accounts for 95 percent of ...Middle East Eye, 4 weeks ago
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