World News: Political News
Chairman of National oil Corporation confirms that Libya to restore its quota in oil market.
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London, 19.05.2015(Lana) Chairman of National Oil Corporation (NOC), Mustafa Sunaalla confirmed that NOC is to restore Libya 's quota in the oil market, which taken by others. In statement to London, Sunaalla said Libya is pumping about 436,000 barrels daily, expressing hope that production would increase by further 200,000 barrels per day in the next two months by repairing damaged oil fields and continued dialogue with those closing oil fields and pipelines. He said in the past three years countries within and outside OPEC benefited from Libya being outside the market,... Read more
Tunisia Foreign Ministry: detention of Tunisians in Tripoli related to security campaign to verify foreigners documents.
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Tunis, 19.05.2015(Lana) The Tunisia Foreign Ministry said detention of Tunisians in Tripoli is related to security campaign to verify documents of foreigners residing in Libya. In a statement, Tuesday it explained that the work team supervised by the Tunisian Foreign Minister, Atyb Al-Bakoush in coordination with the Tunisian General Consulate in Tripoli is making their efforts with the Libyan authorities to find an urgent solution to the situation of detained Tunisians. It said the Foreign ministry intensified its contacts with the Libyan side to set free the... Read more
European Parliamentarians Criticize Marine Mission off Coast of Libya.
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Tripoli, 19 May 2105(Lana) The EU Foreign Minister agreement to set up a military force to confront traffickers of illegal migrants in the Libyan territorial waters and their attempt to obtain a UN Security Council Approval has caused a storm of anger in the European circles. The parliamentarians criticized what they described as the militaristic vision with which the EU dealt with illegal migration portfolio particularly in the Mediterranean. Eva Jolie of the Greens, France said she was convinced that the adoption by the foreign ministers of the Sea operation indicated ... Read more
NOC Expects Increase in Oil Prices in Second Half of 2015.
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London, 19 May 2015(Lana) The CEO of the National Oil Company Mustafa Suna'allah on Tuesday said he expected oil prices to increase in the second half of 2015, and would continue to rise through next year. In a workshop discussion in London, Suna'allah said he saw early signs of an increase of demand for oil, indicating that a return of Libyan oil supplies would not impact the price level. =... Read more
Al Khaleej Al Arabi Oil Co.
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Spokesman Says Company's Production Stable. Tripoli, 19 May 2105(Lana) A spokesman for Al Khaleej Alarabi Oil Company has said that the company's oil production was steady, indicating that the output ranged between 250.000 bpd to 290.000 bpd. The Al Hreiga oil terminal and the oil fields of Al Sarir and Al Msala which supply crude to were operating normally, Omran Al Zweiye said. Meanwhile, an authoritative sources in the oil sector said oil supplies to Al Zweitina were still halted because of protests by job seekers. Al Khaleej Al Arabi is one the NOC companies, and... Read more