Libya’s Agoco hopes for full oil output in April

Libya’s Arabian Gulf Oil Company (Agoco) is producing around 300,000 barrels per day (bpd) and hopes to reach full production in April, later than previously thought because of electricity problems at some fields, a spokesman said on Thursday. The Benghazi-based company had previously said it expected to return to full production of 425,000 bpd by […]

OPEC Output Reaches Three-Year High on Libya Production Gain

Oil production this month by the Organization of Petroleum Exporting Countries rose to the highest level in more than three years, led by a rebound in Libyan output, a Bloomberg News survey showed. Production increased 183,000 barrels, or 0.6 percent, to an average 30.9 million barrels a day in January from a revised 30.717 million […]

International forum sees Malta as springboard for business in Libya

A New Libya Forum aimed to understand the current evolving change in Libya and provide the adequate direction for business is being held by Deloitte and EMCS on February 27 and 28. This is an international event bringing together international business delegates looking into Malta as a business springboard to Libya. Interest has already been […]

Overwhelming response for ME Arabic language course

The practical introductory course to the Arabic language sponsored by Malta Enterprise to assist those entrepreneurs carrying out their business activities in Arab speaking countries or interested in expanding their business activities in the region has been oversubscribed, prompting the Corporation to set up another class that will be held simultaneously. Classes will now go on […]

Marathon Oil: Field Maintenance to Slow Libya Oil Output Ramp-Up

 Marathon Oil Corp. (MRO) said Wednesday production from its operations in Libya is expected to ramp-up slowly this year as oil-field maintenance remains challenging after the political unrest. “As far as Libya goes, we have purposely removed that from our (2012 production) guidance because I think you’re going to see some variability out there,” David […]

Libya Reports Foot-and-Mouth Disease Outbreaks in Sheep, Cattle

Libya reported multiple outbreaks of foot-and-mouth disease in sheep and cattle in the northwest of the country, according to a notice to the World Organization for Animal Health. The infectious livestock disease affected 170 cattle and 3,500 sheep at a total of 13 locations, with the first notified outbreaks starting Dec. 18 in the Misratah […]

Libya Crude Bookings Rise to 1 Million Barrels a Day Next Week

Nine tankers have been booked so far to load about 1 million barrels a day of crude oil in Libya next week, according to data from Poten & Partners Inc. The ships have been chartered to pick up 970,000 metric tons, the equivalent of about 7.1 million barrels, the New York- based shipbroker’s figures show. […]