On his part, the Korean Ambassador said companies were interested in returning to work in Libya, to help alleviate the power shortage in the country.
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Libya's Sharara oil field is "working normally" and the situation at the field is stable following security breaches last week, the National Oil Corporation (NOC) said in a statement on Wednesday.
SINGAPORE (Reuters) - Oil prices edged up early on Thursday, clawing back some ground after losses in the previous session.
SINGAPORE (Reuters) - Oil prices rose on Wednesday, lifted by declining U.S. crude inventories, although markets were still restrained by general oversupply.
Libya’s biggest oil field, Sharara, is increasing production and the Zueitina port is again allowing tankers to load, paving the way for the OPEC nation’s crude output to rebound.
SINGAPORE (Reuters) - Oil prices steadied in early Asian trade on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market.
French government technical expertise organisation Expertise France is planning to set up a microfinance system in Libya backed by local partners. The purpose is to provide finance to Libyans who do not have access to traditional forms of loans.
National Oil Corporation (NOC) chairman Mustafa Sanalla was in Tobruk yesterday to assess the future of the Higher Petroleum Institute which used to be Libya’s main institution for training oil engineers.
SINGAPORE (Reuters) - Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high.
SEOUL (Reuters) - Oil prices fell nearly 1 percent on Friday to hit two-week lows, dragged lower by persistent oversupply worries despite a bigger-than-expected drawdown in U.S. crude inventories.
The National Oil Corporation (NOC) has been looking today at what it can do through its own efforts to restore damaged and decaying oil production infrastructure and by extension what work will need to undertaken by outside companies.
TOKYO (Reuters) - Oil futures inched down on Thursday despite official figures showing U.S. crude inventories fell more than expected, with an analyst saying the market had settled into a range.
Al Beidha, 8 August 2017(Lana) The Al Beidha-based Central Bank of Libya has announced that it was distributing LD 284 million to commercial branches all over Libya as of Thursday August 10.
TOKYO (Reuters) - Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over OPEC's ability to restrain supply as promised.
Oil prices slipped in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and as doubts about OPEC-led production cuts continue to drag.
The state-owned General Electricity Company of Libya (GECOL) and German energy giant Siemens signed an MoU last Saturday in Germany that would pave the way for the return of the German company to Libya to complete its many outstanding projects.
Oil prices edged lower on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drill rig count, even as rising output from OPEC capped crude markets.
As part of Benghazi’s normalisation, plans are in hand to reopen the Suq Al-Arab market complex between Sabri and Salmani, possibly as early as next week.
Tripoli, 3 August 2017(Lana) The General Electricity Company of Libya 'GECOL' has signed an agreement with the German Siemens AG Company to resolve the problem of power demand in Libya.
Oil markets dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC.