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11.08.25 - 18:12
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Libya to set up committee for oil contracts audit (TASS)
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According to its text, the committee is tasked with "legal, technical and financial due diligence of all the contracts made in these two sectors over the last five years and checking the extent to which the parties to the agreement abide by Libyan laws"...
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03.07.25 - 07:36
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Companies Compete in Libya′s Energy Exploration Tender (Bloomberg)
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Chevron Corp. and TotalEnergies SE are competing in Libya's first energy exploration tender since the 2011 conflict, the country's state-run oil firm said. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025. Bloomberg's Anthony di Paola reports....
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30.05.25 - 02:24
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Libya At Risk Of Declaring Force Majeure On Oil Production After Militia Attacks (ZeroHedge)
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Libya At Risk Of Declaring Force Majeure On Oil Production After Militia Attacks
Libya's eastern government has warned of potential disruptions to oil production and exports following an attack by a Tripoli-based militia on the state-owned National Oil Corporation's (NOC) headquarters. The threat of a force majeure declaration reintroduces the possibility of a geopolitical risk premium in Brent crude markets already contending with oversupply concerns.
"Repeated attacks" on the NOC and its affiliates may prompt "precautionary measures, including declaring force majeure on oil fields and terminals," or relocating the company's headquarters to a "safer city," Libya's eastern government said in a statement quoted by Bloomberg.
The crisis reflects deepening tensions between Libya's rival governments—one in the west led by Prime Minister Abdul Hamid Dbeibah and another in the east backed by military commander Khalifa Haftar.
Libya produces 1.3 million barr...
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29.01.25 - 10:48
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Oil Prices Decline As Libyan Supply Concerns Ease (AFX)
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WASHINGTON (dpa-AFX) - Oil prices declined on Wednesday following two days of consecutive advances. Benchmark Brent crude futures fell 0.7 percent to $75.97 in European trade as concerns over disr......
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