CBL reveals improvements in Libya’s 2017 finances: deficit down by 48...
The Tripoli-based Central Bank of Libya (CBL) has released the latest figures for the Libyan economy covering the period 01/01/17 to 31/12/17.
The figures continue...
Explosion Occurs in Pipeline to Libya’s Biggest Oil Terminal
Libya’s oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nation’s biggest export terminal. Oil...
Oil pipeline explosion could cause up to 100,000 bpd production loss:...
The National Oil Corporation (NOC) has confirmed news of an explosion yesterday on the Zaggut to Es-Sider oil pipeline without confirming the cause of...
Libya’s oil revenues surge as output recovers
Oil facilities in northern Libya were set ablaze in 2016. Libya's oil revenues have tripled despite political instability. (Credit: AFP)
Libya's oil revenues have more...
Libya Triples Oil Revenues In 2017 As Production Recovers
Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1...
Germany continues to lead foreign financial support for Libya
Most Libyans are completely unaware that Germany is the largest foreign aid donor to the country: some €233 million was given by Berlin over...
Poor Infrastructure Effecting Libya`s Oil Production.
The Chairman of the Arabian Gulf Oil Company (AGOCO), Mohammed Bin Shtwan, has stated that he hopes to end the crisis of power outages...
Libyan Dinar continues to Fall
A recent report has found that, since November, the Libyan dinar has lost 9.1 percent against the US dollar on the ‘parallel’ market, having...
Libya Central Bank: Oil revenue in 2017 hit $14 billion, state...
The Central Bank of Libya (CBL) has issued a statement on Thursday detailing the revenue and income of the country during 2017.
The CBL explained...
Oil prices hit fresh highs as market tightens
Oil prices on Thursday hit fresh two-and-a-half year highs and were at levels last seen at the start of the commodity slump in 2014/2015,...
