- 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
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Libya enters a new phase by ending the blockade and starting the flow of oil
Oil started flowing again after the new head of Libya’s National Oil Corporation announced the end of a three-month oil blockade. Production will gradually return to increase to reach more than 1 million barrels per day.
With the curtain coming down on Mustafa Sanalla as Chairman of the National Oil Company, Libya began emerging from a three-month oil blockade that removed nearly three-quarters of the country’s 1.2 million barrels per day capacity.
The new head of the (NOC), Farhat bin Qadara, was installed on 14/7/2022 by the Tripoli-based government.
The next day, Bin Qadara, who refuses to infringe on his powers by former President Mustafa Sanalla, announced the end of force majeure at the main eastern oil terminals of Es Sider, Ras Lanuf, Brega, and Zueitina. The National Oil Corporation also raised the force majeure in the Eni field, which produce 70,000 barrels per day in the southwest of the country.
It is hoped that Libyan oil production will rise to its currently possible maximum, which is 1.2 million barrels per day.
