Libyan Oil/Gas Revenues ~$50 Billion in 2012

Libya’s National Oil Corporation (NOC) announced on Sunday that the country has oil and gas revenue totalling $54.9 billion. According to the report from Tripoli Post, the revenues are calculated based on an average daily oil production of 1.350 million bpd, at a price of $100 per barrel, although our quick calculation at LBN shows […]

Libya’s Largest Refinery Re-Starts Operations

Libya’s largest oil refinery, Ras Lanuf [Ra’s Lanuf], has finally started operations following its shut-down during last year’s revolution. The refinery, which is reported to be operating at 50 per cent capacity, was offering two cargoes of jet fuel for loading in September, reports Reuters. According to Libya Herald, with a total processing capacity of […]

Wintershall Targets Pre-War Output in 2013

Wintershall, the oil and gas arm of German chemicals group BASF, hopes to restore its oil production in Libya to pre-war levels next year. Martin Bachmann, Board member and head of exploration and production said: “The plan is then for next year to come up to pre-war production levels, witch were around 100,000 barrels per […]

Tender: KAP Study for UN

Close date/time/time zone: 09-09-2012 04:00 PM * GMT(+01:00) West Central Africa * In case of discrepancy between the closing time stated above and the closing time stated in the notice document or in the description below the closing time in the notice document or description below takes precedence. Country: Libyan Arab Jamahiriya Reference: RFP/UNDP/12/003-SCELT Contact: […]

Mellitah Tender: New Fuel Station at Wafa & Mellitah Complex

Mellitah Oil & Gas Company, intends to issue the below tender and wish to invite for pre-qualification interested, experienced and reputable Companies specialized in providing similar services stated below to submit all requirements for inclusion in the bidders list to be invited to participate in the following tender: TENDER NO. (623) EPC Project for New […]

UNESCO Calls for Halt to Destruction of Sufi Sites

UNESCO Director-General Irina Bokova has expressed her grave concern over the destruction and desecration of Sufi shrines and libraries in Zliten, Misrata and Tripoli Libya. Ms Bokova called on the perpetrators to cease the destruction immediately. Referring to destruction at the Islamic Centre of Sheikh Abdussalam Al-Asmar in Zliten, the Mosque of SidiSha’ab in Tripoli, […]

Libya Raises September Crude Price

Libya’s state-run National Oil Corporation (NOC) has raised the September selling price of its benchmark Es Sider crude by 60 cents to dated Brent minus 70 cents a barrel. According to Reuters, the NOC has a recent history of surprising traders, but many believed the latest set of prices were relatively fair; “September OSPs look […]