Libya's state-run National Oil Corp (NOC) said that export activity was running normally after it held talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday.
Libya is turning to renewable energy sources as it faces electricity demand surpassing the capacity of its oil and gas-powered plants
Libya resumed loading oil from two key eastern ports — which account for a third of its exports — after they were halted for a day by protesters.
Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising temperatures elsewhere dampened demand prospects. Supporting prices was a disruption of oil loading operations in Libya.
Oil loadings from two key Libyan ports are being brought to a standstill as protests hinder about a third of the OPEC member’s crude exports, a reminder of global supply risks from ongoing tensions in the North African country.
Libya resumed loading oil from two eastern ports that account for a third of its exports after they were halted for a day by protesters.
Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister, Khalifa Abdulsadek, told Reuters on Saturday, adding that a new license bidding round is expected to be approved by the cabinet before the end of January.
I am encouraging Turkish company to come to Libya. There are opportunities, and we welcome to host all these companies,' head of Renewable Energy Authority of Libya tells Anadolu - Anadolu Ajansı
Oil prices stabilized after a brief jump due to a threat to Libyan oil exports, but uncertainty remains due to potential US tariffs on Canada and Mexico.
Libya deported more than 600 men from Niger last month as North African countries — financed by the European Union to tackle migration — have ramped up expulsions of sub-Saharan Africans.
Libya is seeking Türkiye's strategic partnership for technology and investment support in a renewable energy push to address growing