Libya's economic outlook uncertain due to: domestic political instability, oil price volatility, intensifying regional conflicts, and deepening geo-economic fragmentation.
Apr 17 Sami Zaptia

Libya's economic outlook uncertain due to: domestic political instability, oil price volatility, intensifying regional conflicts, and deepening geo-economic fragmentation.

In its Staff Concluding Statement of the 2025 Article IV Mission to Libya released yesterday, the IMF said: The dispute over the leadership of the...

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Akakus completes new well H-50 with initial test results of 870 barrels per day
Apr 4 Sami Zaptia

Akakus completes new well H-50 with initial test results of 870 barrels per day

Akakus Oil Operations announced last Sunday (30 March) the successful completion of the drilling of the new well H50. It reported that initial tests...

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Akakus Oil completes drilling of new well yielding initial production of 1,480 bpd
Mar 19 Sami Zaptia

Akakus Oil completes drilling of new well yielding initial production of 1,480 bpd

Libya’s Akakus Oil Operations company announced today that it has successfully completed the drilling of well D-42. The company said initial producti...

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AGOCO’s G105 well returns to production after completion of maintenance work‎
Mar 18 Sami Zaptia

AGOCO’s G105 well returns to production after completion of maintenance work‎

‎Libya's Arabian Gulf Oil Company (AGOCO) reported today that its G105 well in the Nafura field returned to work after completing comprehensive mainte...

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Akakus Oil recovers oil production at well - at a rate of 650 bpd
Mar 10 Sami Zaptia

Akakus Oil recovers oil production at well - at a rate of 650 bpd

‎Akakus Oil Operations Company reported today that it has successfully recovered production of the H-46 well at a rate of 650 barrels of oil per day,...

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Akakus Oil completes drilling of new Sharara field well with up to 1,750 bpd production
Mar 9 Sami Zaptia

Akakus Oil completes drilling of new Sharara field well with up to 1,750 bpd production

‎Akakus Oil Operations Company announced today the completion of drilling of new well B-52H in the Sharara field, with a production of up to 1,750 bar...

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Mellitah restarts well CC18 with production of 34 million cubic feet of gas and 515 barrels of condensate per day
Feb 26 Sami Zaptia

Mellitah restarts well CC18 with production of 34 million cubic feet of gas and 515 barrels of condensate per day

‎Libya’s state National Oil Corporation (NOC) reported yesterday that Mellitah Oil and Gas Company has restarted gas well No. CC18 in the Bahr al-Sala...

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Mellitah Oil returns well to production with 505 bpd
Jan 27 Sami Zaptia

Mellitah Oil returns well to production with 505 bpd

Libya’s state National Oil Corporation (NOC) reported today that, during the past two days, Mellitah Oil and Gas Company has completed the test of the...

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AGOCO brings new well onto production with 1,600 bpd
Jan 20 Sami Zaptia

AGOCO brings new well onto production with 1,600 bpd

‎Libya’s state National Oil Corporation’s (NOC) eastern based subsidiary, the Arabian Gulf Oil Company (AGOCO), announced yesterday that last Friday (...

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More than 100 million cubic feet of natural gas produced by Sirte Oil for the first time: NOC
Jan 16 Sami Zaptia

More than 100 million cubic feet of natural gas produced by Sirte Oil for the first time: NOC

Libya’s state National Oil Corporation (NOC) announced last Tuesday (14 January) that Sirte Oil and Gas Production and Manufacturing Company has achie...

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