Tag Archives | Iraq

Weighing the Odds in Libya

By Padraig O’Hannelly. Today’s comments from French oil major Total were decidedly bullish on the prospects of doing business in Libya, as the company committed itself to further drilling. The news follows positive signals in recent weeks from Russia’s Tatneft, which is sending personnel back to Libya, presumably with the intention of eventually resuming operations […]

World oil supply up but spare capacity tight-EIA

World oil inventories have risen over the past two months, aided by increased output from Iraq and Libya, but spare production capacity remains tight, the U.S. government said on Tue sday. Global fuels output exceeded consumption by an average of 1 million barrels per day in May and June, helping to push oil inventories higher […]

Libya restores diplomatic ties with Iraq: official

Libya has restored full diplomatic relations with Iraq and plans to send an ambassador to Baghdad more than eight years after cutting off ties, Iraq’s deputy foreign minister said Friday. “There was a delegation that came here, and they said that this decision is under discussion at the foreign ministry in Libya and this step […]

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