Libya News » Sirte News Libya » Sirte » Economy: Libya Targets Economic Rebound Through Port Development
As part of the ongoing economic reforms, Libya has reported progress on the development of Sirte Port and its connecting infrastructure. During the peak of hostilities between forces of west and east ...
News Libya » Sirte » Economy: US military exercises in Libya aim to foster stability and economic growth
The potential for peace in Libya could lead to the unlocking of significant oil and mineral resources, enhancing American influence in a crucial region of Africa. Recently, Lt. Gen. John Brennan ...
News Libya » Sirte » Economy: Austria discovers up to 45 million barrels of oil in a North African nation already home to Africa’s largest oil reserves
An Austrian energy company, OMV has made a commercially viable oil discovery in the North African nation of Libya following detailed technical and economic evaluations. The discovery took place at the ...
News Libya » Sirte » Economy: Sirte Oil Company to restart petrol production unit this week
The National Oil Corporation (NOC) has announced that Sirte Oil and Gas Production and Manufacturing Company is preparing to restart its petrol production unit this week, alongside efforts to resume ...
News Libya » Sirte » Economy: Rival factions, civil war & shadow of terror: Why Libya is still broken 15 years after Gaddafi's bloody end
Since the fall of Muammar Gaddafi in 2011, Libya has been trapped in a cycle of political strife and disunity. Although a UN-backed agreement was reached with hopes of conducting elections, various ...
News Libya » Sirte » Economy: Chevron to enter Libya after awarded prized Sirte Basin block; Eni, Repsol also win bids
Chevron (CVX) said Wednesday it has entered Libya after it was designated as a winning bidder for an exploration license in the Sirte basin, the country's most prolific onshore oil area. Libya's state ...
News Libya » Sirte » Economy: Libya needs $3-4 billion to boost oil production, bidding round expected soon, oil minister says
TRIPOLI, Jan 18 (Reuters) - 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, ...
News Libya » Sirte » Economy: IS claims capture of Libya’s Sirte: SITE
The Islamic State group claimed to have seized full control Tuesday of the Libyan city of Sirte from the Fajr Libya militia, including a power plant, according to a US monitor. SITE Intelligence Group ...