Libya Business News
Wednesday, May 18, 2022
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Oil & Gas

Oil supply contracts: Libya signs oil supply contracts with four companies

22nd December 2011
in Oil & Gas
Oil supply contracts: Libya signs oil supply contracts with four companies
Share on FacebookShare on Twitter

Libya has signed contracts on oil supply for next year with four companies, the Libyan national oil company (NOC) said on Wednesday. It named the companies as Glencore, Gianfor, Trafigura and Vitol.

The quick resumption of Libyan oil production has surprised many people, the Libyan News Agency said.

Libyan's production has reached one million barrels per day, according to the secretary-general of the Organization of Petroleum Exporting Countries (OPEC), Abdallah Al-Bedri.

Experts say that Libya needs additional 600,000 barrels per day to hit its daily production estimated at 1.6 million barrels.

At an OPEC meeting held last week in Vienna, Austria, the Libyan minister, Abderrahmane Ben Yezah gave an assurance of his country’s capacity to hit its level of production, saying the goal was to produce 2.2 million of barrels per day within five years.

(Source: Afrique en Ligne)

Tags: GlencoreNOCOPEC

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.