The Minister of Oil and Gas of the Government of National Unity, Khalifa Abdul-Sadiq, has urged major companies to apply and ...

Oil is one of the main drivers of economic growth in Africa. It fosters international relationships, attracts foreign ...

U.S. oilfield services provider Weatherford is resuming operations in Libya after a ten-year absence, signaling increased ...

Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest.

Russia's interest in Libya's oil The country's oil reserves are estimated at 48 billion barrels, attracting interest from energy giants such as Repsol, ENI, BP, and OMV.After years of sanctions ...

Libya controls nearly 6.7 percent of the total Arab recoverable oil deposits of around 717 billion barrels, which account for around 54 percent of the world’s proven oil reserves, Jamal Al-Loughani ...

This new project establishes Libya as a core country for Oxy's ... add additional growth projects in a country with large oil and gas reserves," said Dr. Irani. Oxy began operations in Libya ...

Libya, which is home to Africa’s largest oil reserves and can produce more than 1.3 million barrels a day, has been plagued by upheaval since the chaotic ouster of long-time ruler Moammar Al-Qaddafi ...

"Twenty-two new onshore and offshore areas" will be offered to international oil companies, Acting NOC Chairman Masoud Suleiman said. Libya, the OPEC member-country, boasts the largest reserves of ...