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Iran Wants OPEC to Adjust Output for Libya, Iraq Oil, Mehr Says

Iran’s Oil Minister Rostam Qasemi said some OPEC members should curtail output to accommodate the return of Libyan crude to markets and an increase in Iraqi production, the state-run Mehr news agency reported. Iran will suggest at the planned Dec. 14 meeting of the Organization of Petroleum Exporting Countries that members of the group that […]

Libyan leaders pledge forgiveness for Kadhafi loyalists

Political and religious leaders from across Libya gathered in Tripoli on Saturday (December 10th) for a national reconciliation conference. “We are capable of forgiveness and tolerance,” said Mustafa Abdel Jalil, head of the National Transitional Council (NTC). “We are capable of absorbing our brothers who fought the rebels and also capable of absorbing every person […]

Italy’s ENI resumes 70% of its Libya oil output

Italian oil giant ENI, the top producer of Libyan crude, has resumed production of about 70 percent of its pre-conflict output from the North African country, its chief Paolo Scaroni said Thursday. “We are close to 200,000 barrels a day” of oil equivalent including gas, Scaroni said at the World Petroleum Congress in Doha. Current […]

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Libyan Tycoon Husni Bey Tells All

The chairman of HB Group certainly has a role in Libya’s future, but he has to answer questions about his past “They all want to be like Husni Bey, yes. For many kids, for many youth, for many grown-ups, I’m the role model for them,” says Husni Bey Husni, on an early November visit to […]

BP, Shell Plan to Resume Exploration, Boost Production in Libya

BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to resume drilling at wells begun in the North African state before the outbreak of hostilities at […]

Repsol says pumping 200,000 oil barrels a day in Libya

Spain’s oil company Repsol said on Tuesday its resumed production in Libya has reached around 200,000 barrels a day after war in the North African nation had slashed its output. “It is around 200,000 barrels a day, from a total of 340,000, which means around 60 percent of total production and it is going up,” […]

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UAE embassy in Tripoli re-opened

TRIPOLI – UAE Ambassador to Libya Sultan Rashid Al Kaytoub today opened the UAE embassy in Tripoli, in presence of Abdul Karim Bazma, Secretary of the Libyan National Transitional Council & National Security Advisor. Also presents were the heads of diplomatic missions accredited by Tripoli and Salem Ibrahim Al Naqbi, 1st Secretary at the UAE […]