Libya Tag

Russia’s largest oil producer Rosneft (LSE:ROSN) has agreed an oil exploration deal with the National Oil Corporation (NOC) of Libya. Prior to the tumultuous period culminating in the overthrow of Colonel Gaddafi in 2011, Russia held significant investments in Libya, and is now looking to regain...

Oil production in Libya is currently running at 715,000 barrels a day, the highest levels since 2014, as the nation continues to repair the damage caused by a period of intense military conflict following the overthrow of Colonel Gaddafi. These figures are set to increase further...