PM Abdulhamid Al-Dbeibeh says up to $4 billion will be needed to meet objective after years of falling output amid ongoing ...

Libya is setting its sights on boosting oil production to 2 million barrels ... “There are massive opportunities here, massive fields that have been discovered, but a lot of fields have fallen ...

Frequent shutdowns of oil fields and export terminals due to political disputes, armed clashes, and protests have hampered Libya's production and export capacity. In 2010, before the civil war ...

“We are here because we see great potential,” Turkoglu stated, referencing Libya’s goal of increasing oil output to 2 million ... promise in existing fields and brownfields.

Libya’s National Oil Corporation (NOC) on Sunday called for increased investment and advanced technology to harness the country's vast untapped oil and gas reserves. During a session titled ...

The Acting Chairman of Libya's state-owned National Oil Corporation (NOC) Masoud Sulaiman said on Saturday the company plans to increase daily oil and gas production to two million barrels over ...

Nabors Industries Ltd. NBR recently announced the addition of a third drilling rig to the Waha oil field in Libya’s Sirte Basin. The company also mentioned that the new rig will commence operations in ...

Khalifa Abdulsadek, Libya’s acting oil minister, has stated that the country needs between $3 and $4 billion to boost oil production to its pre-2011 level of 1.6 million barrels per day (bpd).

Akakus Oil Company announced on Sunday, that the Sharara oil field production reached 306,440 barrels per day, which is the highest level recorded since 2018. The company considered the new record a ...

Tripoli: The Acting Chairman of Libya’s state-owned National Oil Corporation (NOC), Masoud Sulaiman, said that the company plans to increase daily oil and gas production to two million barrels over ...

Libya’s state National Oil Corporation (NOC) yesterday saluted Akakus Oil Company in reaching 306,000 barrels of crude oil production per day (bpd) at its Sharara Oilfield – the highest crude oil ...