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National Oil Corp. latest

A Libyan security member walks past an oil drill on the Al-Ghani oil field near the city of Waddan on March 23, 2013. (AFP)

May 10th, 2017 - 09:00 GMT

Libya Has Potential to Produce 1 Million Oil Barrels Per Day, But It Can't: Here's Why

Libya has the technical power to produce as much as 1.2 million barrels of oil per day, but it can't.

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

Al Bawaba

March 6th, 2015 - 08:11 GMT

Daesh attacks 11 oilfields in Libya

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.

September 14th, 2014 - 03:55 GMT

The pendulum is swinging? Falling oil prices shifts energy balance in favor of the West

After that deal, shipments from Zueitina were delayed because of damage from the blockade, while Hariga has seen only a few tanker loadings.

July 11th, 2014 - 01:42 GMT

A glimpse of normalcy: how the restarting of the El-Sharara oil reignited hope for the Libyan economy

Al Bawaba

October 11th, 2011 - 01:04 GMT

Libya oil chief optimistic output will return to normal within 15 months