Libya's National Oil Corporation (NOC) will focus on raising its output and transparency, new acting chairman Massoud Suleman told Reuters, as Africa's second-largest oil producer looks to recover from years of instability.
Libya's state-run National Oil Corp (NOC) said that export activity was running normally after it held talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday.
Libya resumed loading oil from two key eastern ports — which account for a third of its exports — after they were halted for a day by protesters.
Libya's National Oil Corporation, led by acting chairman Massoud Suleman, plans to boost oil production to 2 million barrels per day, focusing on transparency and efficiency. Challenges include factional disputes and low investor confidence.
Oil loadings from two key Libyan ports are being brought to a standstill as protests hinder about a third of the OPEC member’s crude exports, a reminder of global supply risks from ongoing tensions in the North African country.
Libya resumed loading oil from two eastern ports that account for a third of its exports after they were halted for a day by protesters.
With Turkey and Russia both competing for influence in Libya, the Trump administration could explore opportunities to strengthen energy security and encourage Tripoli to join the Abraham Accords.
Libya deported more than 600 men from Niger last month as North African countries — financed by the European Union to tackle migration — have ramped up expulsions of sub-Saharan Africans.
Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising temperatures elsewhere dampened demand prospects. Supporting prices was a disruption of oil loading operations in Libya.
The 2025 edition of the Cultural Center of the Philippines's Pasinaya festival, the nations' biggest multi-arts festival, is going beyond the country's borders.
Italian media reports and a Libyan official say police in Turin have arrested a Libyan warlord wanted by the International Criminal Court for alleged war crimes.
The state firm oversees oil and gas production that since the 2011 ousting of leader Muammar Gaddafi has been disrupted by violent factionalism and labour disputes