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Investment News in Libya

NOC & CNPC Explore Cooperation and Investment Opportunities
7/25/2019 - A senior delegation from National Oil Corporation (NOC) is in China at the invitation of the country’s leading oil major China National Petroleum Corporation (CNPC) to discuss investment and enhanced ...
German Companies Express Interest in Libyan Oil & Gas Sector
3/10/2019 - Chairman of National Oil Corporation (NOC), Eng. Mustafa Sanalla took part in the Libyan-German Economic Forum, held on March 8, 2019, in Tunis, alongside a number of other sovereign state institution...
NOC Libya to Showcase Investment Opportunities at NAPEC2017
2/15/2017 - Libya's National Oil Corporation (Libya NOC) is working on restoring its oil and gas production capacity to the same level prior to the Arab Spring, and plans to discuss partnerships with oil service ...
Libya Needs Big Spend to Boost Vital Oil Revenue
8/13/2016 - Libya's plans to increase oil output by five-fold by the end of the year will remain out of reach until the government allocates funds to repair the damage to oil infrastructure, the National Oil Corp...
Western powers: Libya risks bankruptcy, oil price falls
2/7/2015 - The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall. ...
Oil Prices Climb on Libya Supply Worries
12/29/2014 - Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member. ...
Libya's Budget Income Falls Sharply as Oil Prices Plunge
12/9/2014 - Libya's budget income fell to around $15 billion in the period from January to November from $45 billion a year before, the central bank said on Monday. ...
Oil Falls as Strong Dollar Outweighs Libya
11/11/2014 - U.S. crude fell more than $1 on Monday, edging below $78 a barrel, and Brent crude also dropped with both reversing early gains as U.S. dollar strength outweighed worries about conflict in Libya and U...
Libya's Central Bank Lends USD2bn for Emergency Budget
3/25/2014 - Libya's central bank has made a 2.55 billion Libyan dinar ($2 billion) emergency loan to keep the government running in the absence of a regular budget, a parliamentary spokesman said. ...
Bilateral US-Arab Chamber, Libya’s Petroleum Law Committee Talks at “The Libya Dialogue”
2/15/2014 - His Excellency Oil Minister Dr. Abdulbari Arousi and the Libyan Petroleum Law Review Committee seek industry input on development of a New Petroleum Law with intent to attract renewed business investm...
Exxon to Cut Back Libya Presence as Security Crumbles
9/17/2013 - ExxonMobil, the world's largest publicly-traded energy company, said on Tuesday it would cut back its staff and operations in Libya as growing instability no longer justified a major presence. ...
AzMeCo to Invest in Libyan Oil & Gas Sector
2/9/2013 - Azerbaijan Methanol Company (AzMeCo) has revealed plans to invest in the construction and development of petrochemical and oil refinery plants in Libya. ...
Eni to Invest $8 Billion to Boost Libya Production
Eni to Invest $8 Billion to Boost Libya Production 12/16/2012 - Libyan Prime Minister Ali Zidan, the Libyan Minister of Petroleum Abdelbari al Arusi, and Eni’s CEO Paolo Scaroni, met in Tripoli to discuss Eni's activities and future projects in the country. ...
Italy Court Unfreezes Libya's Eni Stake
7/23/2012 - An Italian court has unfrozen shares in Italian oil and gas group Eni held by the Libyan Investment Authority (LIA) on behalf of the family of former Libyan leader Muammar Gaddafi, judicial sources sa...
IMF Ups Growth Forecast for MENA Region
IMF Ups Growth Forecast for MENA Region 7/16/2012 - The International Monetary Fund revised upwards its economic forecast for the Middle East and North Africa even as it trimmed its predictions for global growth. The IMF said it now expects growth of 5...
Verenex Securityholders Approve Arrangement of LIA
12/11/2009 - Verenex Energy Inc is pleased to announce that at the special meeting of its securityholders held, the previously announced plan of arrangement was approved by more than 99.95% of the votes cast by th...

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