Libya holds Africa’s largest proven reserves (48 billion barrels) and has lifted output back toward 1.4 million bpd.

Whenever oil prices fall, the same question resurfaces in oil-dependent countries: Are oil revenues sufficient to cover ...

Under the theme Infrastructure&Investment Driving Energy Growth, the fourth edition of the Libya Energy&Economic Summit (LEES) returns to Tripoli this week on January 24-26. As the country’s flagship ...

Libya's central bank announced a 14.7% devaluation of the dinar on Sunday, setting the exchange rate at 6.3759 to the U.S.

After more than a decade of instability, U.S. and European majors such as ExxonMobil, Chevron, Shell, BP, and Eni are re-entering Libya. Libya’s UN-recognized government is courting Washington to ...

Add Yahoo as a preferred source to see more of our stories on Google. What was marketed as a fragile return to order in Libya has, once again, been exposed as a mirage. On May 12, Tripoli plunged into ...

Libyan officials have warned nations involved in the NATO campaign that they could be barred from investing or participating in the country s oil sector if they continue to side with the rebels. But ...

Libya's National Oil Company announced Friday the resumption of crude production and exports after a nearly six-month shutdown due to conflict dividing the country. But the state oil giant said that ...

Over the past decade, crude from countries, such as Libya, Russia and Argentina have helped keep the lights on in the Aloha ...

BENGHAZI, Libya/LONDON (Reuters) - The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday after armed brigades opposed to the powerful eastern commander Khalifa ...