Rising political instability, including the recent assassination of a militia leader, threatens new oil blockades and ...

More than a decade has passed since the 2011 uprising that toppled Muammar Gaddafi’s regime, yet instead of blossoming into a ...

The shift by Haftar to potentially ratify the 2019 maritime deal reflects how Turkey has expanded its influence across both ...

Libya’s eastern-based parliament voted on Tuesday to approve a budget for its development and reconstruction fund, a parliament spokesperson and member said, although it is unclear if the money will ...

Libya, which is home to Africa’s largest oil reserves and can produce more than 1.3 million barrels a day, has been plagued by upheaval since the chaotic ouster of long-time ruler Moammar Al-Qaddafi ...

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 ...

Founded in 1970, NOC has historically controlled the country's vast oil reserves — some 48 million barrels of crude, according to the energy firm. In 2023, Libya exported 432 million barrels of oil, ...

Libya, home to Africa’s largest proven oil reserves, was producing about 1.2 million bpd this year. Brent crude was trading up 1.3 percent on Thursday. Analysts at energy firm Kpler said the ...

Libya possesses the most abundant oil reserves on the African continent but has been in a constant state of instability since longtime dictator Moammar Gadhafi was overthrown in a NATO-backed ...

Libya’s National Oil Corporation (NOC ... “The return of these companies is part of our strategy to boost oil reserves, following a series of measures and successes that have facilitated ...