France is hosting a rare meeting on Tuesday between Libya’s UN-backed Prime Minister Fayez al-Sarraj and military strongman Khalifa Haftar who backs a rival administration in the east. The French government hopes the meeting will help clinch a political agreement to end years of chaos that has gripped Libya since a 2011 uprising toppled and … Read more
The head of Libya’s National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels per day by the end of 21017. NOC president Mustafa Sanalla said, however, that “despite a surge of more than one million bpd” oil production would fluctuate “in the absence of a budgetary law”. Sanalla, … Read more
Libya’s oil production, the country’s main source of revenue, rose Monday to more than 760,000 barrels per day for the first time since 2014, the National Oil Corporation said. Oil is Libya’s main natural resource, with reserves estimated at 48 billion barrels, the largest in Africa. NOC chief Mustafa Sanalla indicated in a statement that … Read more