Sun, 12 May 2013 06:47:06 CDT yahoo.com
British oil company BP said it is withdrawing some non-essential staff from Libya after Britain's government warned about deteriorating security in the capital Tripoli. "We are taking some non-Libyan staff out of the office in Tripoli following advice by the foreign office," the spokesman said. The foreign office advises against all travel to parts of Libya.
Tue, 07 May 2013 07:50:39 CDT yahoo.com
Egypt said it expected crude oil imports to start arriving next month after Libya and Iraq agreed to make shipments to help Cairo weather an economic crisis. More than two years of political turmoil since an uprising toppled President Hosni Mubarak have hammered Egypt's economy.
Wed, 01 May 2013 07:38:14 CDT reuters.com
Since U.S. shale production has boomed, North American demand for light sweet oil grades from countries such as Libya, Algeria, Nigeria and Azerbaijan has plummeted, creating a global glut of light oil.
Wed, 17 Apr 2013 01:42:29 CDT yahoo.com
By Marie-Louise Gumuchian and Ali Shuaib TRIPOLI (Reuters) - Libya's economy minister expects growth of 3 percent this year, driven by a resurgence in oil production achieved despite security so precarious that government departments like his must be protected by pickup trucks bristling with weapons.
Tue, 16 Apr 2013 16:35:46 CDT arabnews.com
A wave of disruptions, sometimes violent, targeting Libya's pivotal energy sector in the last year meant output was briefly cut several times. Libya relies on petrodollars from hydrocarbon exports for 95 percent of its income.
Mon, 15 Apr 2013 02:08:18 CDT yahoo.com
Following the announcement that the New Libya Oil & Gas Summit is coming back for the second annual edition, the 2nd New Libya Oil & Gas Forum will be welcoming as a keynote speaker the chairman of the National Oil Company of Libya, Dr Nouri Berruin, who is going to give the opening speech about the oil and gas landscape and his vision of the Libyan oil and gas sector in the coming years.