News Libya Finance: Libya’s Oil Production Set to Recover as Largest Field Restarts
(Bloomberg) -- Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt.A valve in the pipeline that carries crude from the Sharara field to the Zawiya refinery has been reopened and tested, said the state-run National
News Libya Finance: Libya Oil Output Drops to Post-March Low
Libya holds Africa’s largest proven oil reserves but has ... Sharara has experienced sporadic shutdowns as various groups press political or financial demands. Production there stopped for three ...
News Libya Finance: Libya Oil Output Drops to Post-March Low as Biggest Field Halted
(Bloomberg) -- Libya’s oil production dropped to about 950,000 barrels a day, its lowest in five months, after an unidentified group closed a valve on a pipeline linking the country’s largest oil field to an export terminal on the Mediterranean.The Sharara field started shutting down at 10 p.m. on Tuesday
News Libya Finance: In battle for Libya's oil, water becomes a casualty
While Libya's oil lies at the heart of three months of fighting over Tripoli and years of power struggles before that, water is becoming a far bigger concern for its people. Interruptions to water supplies are common after eight years of near-anarchy since Muammar Gaddafi was ousted, but a wider
News Libya Finance: Eastern Libya, U.S. firm close to signing Libya port deal
TUNIS/BENGHAZI, Libya (Reuters) - Eastern Libyan authorities and U.S. security firm Guidry Group plan to finalise an agreement to develop a major port in the east of the troubled oil producer, both sides said. Talks have been going on for about a year to build a port in Susah, which would mark a rare
News Libya Finance: 300 migrants 'still held in Libya centre' hit by deadly raid
Around 300 migrants are still being held in the detention centre in Libya where more than 44 people were killed in an air strike, the International Organization for Migration said on Thursday. Of the 600 migrants that were in the centre, "300 were still there" Thursday and receiving humanitarian
News Libya Finance: Libya's GNA to launch offensive on Haftar's forces 'within days'
"This year we cannot finance via debt ... We will not borrow [by agreement with the central bank]," Issawi said. According to the International Monetary Fund data, Libya's central government's debt-to ...
News Libya Finance: Adapting to the New Libya
If Haftar is unable to maintain a foothold in western Libya, his next move would likely be to once again sell oil outside of the existing system to save face, finance his operation, and cut off the ...
News Libya Finance: Can Turkey double down in Libya game?
GNA supporters point to a coalition of countries seeking to make Hifter the sole master of Libya, with financial aid coming from Saudi Arabia, arms and drones from the UAE and warplanes from Egypt, in ...
News Libya Finance: Explainer: What's at stake for Libya's oil as conflict flares?
Factions have used oil facilities as bargaining chips to press financial and political demands. Fields and ports in Libya's east were blocked between 2013 and 2016. (GRAPHIC: Libya Oil Production - ...
News Libya Finance: Libya's rival governments move to financial war with frontline stuck
TRIPOLI (Reuters) - With the frontlines around Libya’s contested capital Tripoli stalemated, the two rival factions are bringing oil and money supplies into the firing line of their battle for ...
