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Militiamen serving Ibrahim al-Jathran (below) outside a Libya oil terminal after shutting it down in July. (AFP/ File)

June 21st, 2018 - 09:34 GMT

British Envoy Says UN May Impose 'Punitive Measures' on Libya's Rebel Leader Ibrahim al-Jathran

UK ambassador to Libya, Frank Baker, hinted on Wednesday that the UN Security Council might impose punitive measures against Ibrahim al-Jathran.

Libyan forces. (AFP)

August 21st, 2017 - 07:49 GMT

Shell Loads First Load of Cargo Containing Oil From Libya in 5 Years

OPEC has expressed concerns about an excess supply on the market as a result of the recovery in Libyan oil production. (AFP/ File)

June 14th, 2017 - 07:00 GMT

Libya, Germany Sign Deal to Boost Oil Production in July

Statistics show a 2.4 billion dinars ($1.7 billion) financial black hole in Libya's oil revenues which has yet to explained. (AFP/File)

April 16th, 2017 - 12:30 GMT

Where did Libya's oil money go?

Rosneft is going through privatization, but remains partially owned by the Russian government. (Rosneft)

March 2nd, 2017 - 09:00 GMT

Russia's Rosneft calls for Libyan autonomy after striking oil deal

Before the outbreak of civil war, Libya was producing about 1 million bpd. (AFP/File)

February 22nd, 2017 - 06:10 GMT

New deal with Russia's Rosneft brings hope for recovery of Libya's oil sector

Libya aims to produce around 1.3 million barrels of oil per day by the end of this year and raise that to 1.6 million bpd by 2022. (AFP/Leon Neal)

January 26th, 2017 - 06:00 GMT

Libya opens up oil sector to foreign investment