Libya’s vast oil reserves have long been a source of both economic promise and political turmoil. While the official oil ...

Heavily subsidised fuels are being smuggled out of the country and sold abroad, helping sustain its rival political factions ...

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...

The Central Bank of Libya (CBL) reaffirmed its commitment to providing foreign currency to meet the needs of the local market ...

Libya, holding Africa's largest proven oil reserves, has struggled to maintain consistent output levels due to internal conflicts and infrastructure damage since 2011. "This marks a significant ...

Gaddafi's huge fortune was made possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in ...

Libya's Mabruk Oil Operations has resumed production after a ten-year pause due to a 2015 terrorist attack. Initial output is 5,000 barrels per day, with growth plans reaching 25,000 by July. This ...

Libya has launched its first bidding round for oil exploration in more than 17 years, aiming to bolster its position in the global oil market and achieve a production target of two million barrels ...

"Twenty-two new onshore and offshore areas" will be offered to international oil companies, Acting NOC Chairman Masoud Suleiman said. Libya, the OPEC member-country, boasts the largest reserves of ...

Libya, which holds Africa’s largest proven oil reserves, has faced challenges in maintaining consistent output due to internal conflicts and infrastructure damage since 2011. “This marks a ...