- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
- Libya to target producing 1.4 million b/d by end 2024
- TotalEnergies launches the Marsa LNG project and deploys it multi-energy strategy in Oman
- H.E. Minister Al-Kaabi: Demand for oil and gas will continue for long; we have to be responsible, and Qatar is doing its part
- Egypt to stop exporting LNG starting from the beginning of May 2024
- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
Libya – Increasing in oil production after the lifting of force majeure in the Sharara oil field
Libya’s National Oil Company (NOC) has announced that the force majeure at Sharara oilfield has been lifted with immediate effect and that production has resumed since the October 11, 2020.
This led Libya to record a significant increase in oil production compared to the beginning of this month, reaching 500 thousand barrels per day, by Thursday, October 15th, according to “Bloomberg” agency.
Bloomberg, the leading agency in energy sector, said that the production of the Sharara field rose to about 110 thousand barrels per day, while the average exports during the first half of October reached about 385 thousand barrels per day.
In its report, Bloomberg indicated that oil production in Libya is expected to reach one million barrels per day by March 2021, in case the stability in the oil fields and ports area continues.
Eventually, NOC acknowledged the efforts made by both local and international parties and pledges to adhere to the professional and non-political constants.
