Libya Oil Production
A general Thread about Oil Production in Libya. What is the level of Libya Oil & Gas Exploration and are the Petroleum Refineries able to keep up with local demand?
Libyan autonomy group forms oil firm, challenges government:
An autonomy movement in eastern Libya said on Sunday it had formed a regional oil firm to start selling crude after seizing several ports, mounting a challenge to the government in Tripoli as it struggles to gain control of oil facilities. Ref. Source 1
Protesters shut Libya's El Sharara oilfield in setback for government:
Libya's 340,000 barrels-per-day El Sharara oilfield has been completely shut down since Thursday night due to violent clashes with protesters, the state-run National Oil Corporation said on Saturday. Ref. Source 4
Libya cabinet starts spending $50 bln budget despite falling oil revenues:
The move might force the central bank to use more of its reserves as the budget is not backed up by oil revenues which have fallen to $1 billion a month, a quarter of what Libya used to make in the past. Ref. Source 2
Libya deploys special forces to protect petrol stations:
Libya is deploying special forces to protect petrol stations in the capital Tripoli packed by angry motorists trying to refill, the government said, as the state oil firm struggles to bring in fresh supplies. Ref. Source 9
Islamists close to seizing Libya's oil, Egypt says:
Egypt has warned that militant groups are poised to seize control of Libya's oilfields, as the country's foreign minister appealed for an expansion of the Western-led campaign against Daesh to tackle extremism threatening North Africa. Ref. Source 4