Tag Archives | Abdurahman Benyezza

$10bn for Oil and Gas Projects

It has been an interesting week, with Oil Minister Abdul-Rahman Ben Yezza highlighting Libya's plans to spend $10bn on developing long-term oil and natural gas projects and to increase its crude production capacity. The country also has a five-year plan to increase production to 2.2 million barrels a day. Wintershall is closing in on its pre-conflict […]

Libya looking to boost oil output, says envoy

Libya is seeking to boost its oil production by a third to 2 million barrels a day by year-end, surpassing last year’s pre-conflict level, Libyan ambassador to Washington Ali Aujali said. How fast Libya returns to pre-war levels or surpasses them “depends also on the oil companies, how fast they are returning” to restart or […]

UAE envoy meets Libyan oil minister

UAE Ambassador to Libya Saeed Obaid Al Ka’abi has met with Abdulrahman Ben Yazza, Libya’s Oil Minister at the Ministry of Oil in Tripoli. During the meeting both sides discussed cooperation between the two countries in the Oil and Natural Gas fields, and ways to enhance them through the deals signed between the two countries. […]

Libya to Invest On Raising Oil, Gas Production Capacity

Libya's Oil and Gas Minister, Abdurahman Benyezza stated that Libya intends to invest $10 billion on raising oil and gas production capacity from existing fields and $20 billion on new exploration over the next ten years. Libya will also offer new production-sharing agreements to international oil companies on improved terms to existing contracts, but this […]

Libya to Offer New Production-Sharing Contracts

Libya will offer new production-sharing agreements to international oil companies on improved terms to existing contracts, but this won't happen this year, said the country's Minister of Oil and Gas, Abdurahman Benyezza Wednesday. Libya isn't currently planning to revise the terms of existing contracts with foreign oil companies, but there may be a process to […]

Libyan Oil Minister Wants Oil Price Over $100

Libya's oil minister Abdurahman Benyezza would like to see oil prices above $100 a barrel, he said Thursday at a scheduled meeting of the Organization of the Petroleum Exporting Countries in Vienna. "I think that price would be good for global economy" [although] the "main point is to stabilize the price," he said. When asked […]

Libya oil ministry opens eastern office

Libya's oil ministry has opened an office in the eastern city of Benghazi, the cradle of the Libyan revolt, as part of the government's efforts to decentralise and improve administration in the North African country. The National Oil Corporation (NOC) said in a statement Oil Minister Abdulrahman Ben Yazza officially opened the office in Benghazi […]

Azerbaijan Offers to Build Refinery, Filling Stations in Libya

Azerbaijan has proposed building an oil refinery and gasoline filling stations in Libya, the Azeri Foreign Ministry said in an e-mailed statement today. Azerbaijan could build the refinery on its own or with Libya, Azeri Ambassador Agasalim Shukurov said at a meeting with Abdulrahman Ben Yezza, Libya’s oil and gas minister, according to the statement. […]