Libya’s National Oil Corporation on Sunday began operating a new pipeline from the North Hamada oil field, where it is initially expected to transport 2,000 barrels per day.

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The North Hamada field, which is operated by Nafusa Oil Operations, will gradually increase the pumping of oil into the pipeline, where it is expected to reach 25,000 barrels per day, and then start pumping by 4,500 barrels per day.

Production will be increased by placing production wells successively to reach 10,000 barrels per day in September 2024, as part of the first phase of the field’s development program.

The new pipeline, which is 50 kilometers long and transports oil production to the port of Mellita, has a design capacity of 70,000 barrels per day.
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Oil is one of Libya’s most important resources, as the Libyan economy is based on 95% oil revenues, and during the first quarter of 2024, the country achieved oil revenues worth $6 billion.

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According to data from the Libyan National Oil Corporation, the Ras Lanuf refinery comes first in terms of production, with a production capacity of 220 thousand barrels per day.

In second place comes the Al-Zawiya Refinery with a production capacity of 120,000 barrels per day, followed by the Tobruk Refinery with a production of 20,000 barrels per day, and then the Sarir Refinery with a production of 10,000 barrels per day.

In last place comes the Buraiqa refinery, with a production capacity of 9,000 barrels per day.

It is noteworthy that Libya currently produces about 1.2 million barrels of oil per day, which reflects stability compared to periods that witnessed a decline in production due to political and security unrest.
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The Ministry of Oil and Gas in the Libyan National Unity Government, which has ended its term, announced the return of Minister Mohamed Aoun to assume his duties in the Ministry’s office after stopping for more than two months.

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The Ministry’s statement stated that Resolution No. 492 of 2024 was issued to lift the precautionary suspension on him, after the investigations were completed and the government was notified of this decision.

Media sources confirmed that the administrative oversight lifted the precautionary suspension on May 12, and Aoun began his work today, for reasons related to some administrative procedures in the National Unity Government, which has expired.
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The struggle over the position of Libyan Oil Minister constitutes a new episode in the series of divisions affecting the country with the largest crude oil reserves in Africa, which has been going on for about 13 years.

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Although the Minister of Oil and Gas in Libya, Mohamed Aoun, announced his return to work about a week ago, the reality indicates that the crisis of division will continue as Khalifa Abdel-Sadiq continues his work within the ministry’s office as a minister-designate, according to what the “Specialized Energy Platform” reported.

The details of the crisis go back to Tuesday, March 26 (2024), when the Administrative Control Authority issued a decision to suspend Libyan Oil Minister Mohamed Aoun from work, due to what it described as “committing legal violations that harmed the public interest of the state.

Hours after the decision to suspend Aoun, who denied committing any violations, the outgoing Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, decided to assign the Deputy Minister of Oil and a member of the Board of Directors of the National Oil Corporation, Khalifa Abdul Sadiq, to ​​run the Ministry of Oil.
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The Libyan Ministry of Oil announced on Thursday that it is launching an investigation into British reports alleging corruption in the Libyan oil sector, purportedly involving local officials.

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The ministry’s investigation follows a statement by David Rutley, the UK’s Foreign, Commonwealth, and Development Office (FCDO) Under-Secretary, who confirmed significant corruption within the Libyan oil sector.

Rutley added that the British Foreign Office would take measures to enhance integrity and ensure the responsible use of Libyan resources in accordance with international laws.

Additionally, Mary Trevelyan, Minister of State in the British Foreign, Commonwealth, and Development Office, highlighted the "notable corruption" in the Libyan oil sector, suggesting that this corruption impedes political progress, stability, and development in Libya.
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#British_Foreign_Office #British_Reports #Corruption_Issues #David_Rutley #Libya_News #Libyan_Ministry_of_Oil #Libyan_Oil #Libyan_Oil_Sector #Mary_Trevelyan #Oil_Smuggling

The National Oil Corporation of Libya announced that it has achieved current production rates of 1.25 million barrels of crude oil per day, in addition to 52.8 thousand barrels of condensate and 211.7 thousand barrels of natural gas.

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This announcement came in a meeting held by Farhat Bin Qaddara, President of the Foundation, with Abdul Hamid Al-Dbeibeh, Prime Minister of the outgoing Libyan government, in the Prime Minister’s Office in Tripoli.

The meeting, which was attended by Adel Jumaa, Minister of State for Cabinet Affairs, discussed development plans for the oil and gas sector, emphasizing the strategic goal of increasing production to two million barrels per day by the end of 2025. Bin Qaddara stressed that the increase in production will be gradual, in keeping with the established timetables.
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On Tuesday, the National Oil Corporation of Libya announced its plan to drill 121 new wells to explore and exploit natural resources of oil and gas during the year 2024.

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The corporation said in a statement that maintenance will be carried out for 1,335 other wells to ensure the sustainability of oil production and did not specify the locations and timetable for implementing these projects.

This step came as part of Libya’s efforts to increase oil and gas production, which represents about 90% of the country’s economic activity.

Libya’s oil production currently amounts to 1,220 million barrels per day, and the corporation expects crude production to exceed 1.5 million barrels per day by the end of 2025 before reaching two million within three years, according to official data from the corporation.
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Libyans piled up in long queues in front of banks, scrambling to withdraw their money to buy Eid al-Adha necessities, which sparked widespread dissatisfaction among citizens and complaints about banking policies in the country.

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Pictures and video clips circulated on social media showed citizens gathering in large numbers in long lines in front of banks and money exchange shops in the capital, Tripoli, and other cities, where they waited for long hours under high temperatures to obtain cash.

In a video clip circulated on social media, a 90-year-old sheikh appeared waiting for his turn in line. He appeared tired and exhausted, and he appealed to the officials, saying: “It is forbidden for you, old men, women and young people to stand under the wall in temperatures exceeding 40. What is happening to us is torture. Where are you, officials?
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The government appointed by the Libyan House of Representatives proposed to Russia economic projects to build oil refineries on the Mediterranean coast in Libya.

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Libyan Minister of Investments Ali Al-Saidi Al-Qaidi said: “We urge the Russian authorities to build refineries on the Libyan coast, especially in light of the embargo imposed on Russian oil. We are ready to refine oil and sell it instead of crude oil.”

Al-Qaidi added: “We in Libya are looking for a real partner for cooperation and construction in all economic, political and development fields. Everyone knows that Russia is a superpower and a permanent member of the Security Council, and we are happy to develop our relations with Russia, which also seeks true partnership.

The Libyan minister explained that “the field is open to all Russian companies, without exception, to invest and participate in Libya.”
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The Director of the Petroleum and Gas Department at the Libyan National Oil Corporation, Mahboub Drader, announced ambitious plans to increase oil production to two million barrels per day.

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Dreder pointed out that achieving this goal requires major upgrades and comprehensive maintenance of the Libyan oil infrastructure, including pipelines and tanks.

He also explained that the Libyan government has allocated billions of dollars to strengthen the oil and gas industry, with the aim of improving operational and production capabilities, adding that the challenges facing Libya include the reluctance of European companies to invest due to some difficult conditions, stressing that all investment operations are carried out in accordance with approved international regulations.
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Libya ranked sixth on the African continent and forty-eighth on the global level in fuel consumption, according to a report published by the “Business Insider Africa” website.

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The report shows that Libya faces challenges in providing fuel on an ongoing basis, especially at stations located in the south and border areas, despite the large quantities it produces daily.

This consumption comes in light of Libya’s daily production of about 1.5 million barrels of oil, while the average daily consumption is about 262 barrels.

In the African context, Egypt tops the list with a consumption rate of 802 thousand barrels per day, followed by South Africa with 660 thousand barrels, then Algeria with 428 thousand barrels, Nigeria with 316 thousand barrels, and Morocco with 286 thousand barrels.
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An analysis of recent Central Bank data revealed that Libya’s crude oil production rose by 12% during the year 2023 to reach 433.5 million barrels, compared to 386.5 million barrels in the previous year.

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Regarding the distribution of Libya’s crude oil production among national companies operating in the country, the economic bulletin showed that “Al-Waha” Oil Company led the rest of the companies with a production of 102.2 million barrels during the past year, an increase of 9% and 8.5 million barrels over what it recorded in the year 2022.

The Arabian Gulf Oil Company “AGOCO” came in second place. The company produced 101.8 million barrels during the year 2023, after a slight decline of one million barrels, down from 102.8 million barrels recorded in the previous year.
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Today, Thursday, Libyan Oil Minister Muhammad Aoun issued a statement in which he revealed the developments of the crisis with the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, in light of the presence of two ministers at the head of the oil and gas portfolio.

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Aoun called on the Prime Minister to take a clear position regarding the leadership crisis in the Ministry of Oil, proposing either correcting the current situation, or issuing a decision to remove him from the position of Minister of Oil and Gas in the National Unity Government.

Aoun stressed that the current situation, which witnesses the presence of a legitimate and an illegitimate minister for the sector, leads to severe damage to Libya, citing Schlumberger’s threat to withdraw from the country.
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The Central Bank of Libya announced, on Thursday, that oil revenues during the first half of the current year, that is, from January 1 to June 30, 2024, recorded 37 billion dinars ($7.61 billion).

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Recent data published by the Central Bank showed that the total revenues from oil sales during the past six months amounted to 37 billion dinars, in addition to 7.1 billion dinars in oil royalty revenues, while revenues from the sale of fuel in the local market amounted to about 33 million dinars.

The Libyan economy depends mainly on oil revenues, which amounted to 99.1 billion Libyan dinars ($20.69 billion) last year, compared to 105.4 billion Libyan dinars in 2022, according to Central Bank data.
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Mohamed Aoun, Minister of Oil and Gas in the outgoing Libyan “National Unity” government, announced his temporary cessation of performing his ministerial duties.

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This came in a recorded clip published by Aoun, in which he indicated that the Prime Minister, Abdel Hamid Dbeibeh , ignored his repeated appeals to lift the precautionary moratorium on him.

Aoun said in the clip: “We learned without any official notification that an assignment was issued on June 27 by the Prime Minister to the Undersecretary of the Ministry of Oil and Gas to continue running the ministry’s duties until further notice, despite my actual presence in the ministry’s office as a full-time legitimate minister for the affairs of the ministry and the entire sector.
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Libyan oil production witnessed an increase during the past 24 hours, as production reached 1,276,344 barrels, compared to 1,273,577 barrels the previous day.

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Data from the National Oil Corporation in Libya indicate that condensate production stabilized at the level of 50,69 barrels per day, while natural gas production reached 223,120 barrels equivalent per day.

According to these figures, the total production capacity for crude oil, condensates and natural gas rises to 1,549,533 barrels equivalent per day.

It is noteworthy that oil production in Libya in 2024 witnessed a noticeable improvement compared to previous years. According to January 2024 data, the average daily production reached about 1.2 million barrels, and in March 2024 daily production exceeded 1.5 million barrels for the first time since 2013.
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The Public Prosecution in Libya ordered the detention of a former director of the International Marketing Department at the Libyan National Oil Corporation, after discovering a significant delay in collecting funds from oil and gas sales exceeding two billion dollars.

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This decision was made based on reports examining the financial affairs related to the Department of Exporting Oil and Gas Products during the period extending from 2011 to 2017, which revealed the failure of the department’s official to perform his duties in collecting financial dues estimated at about 2.712 billion dollars at the time.

The Public Prosecution explained that the former official caused unjustified harm to the public interest as a result of his failure to collect the due funds in a timely manner, which prompted the investigator to take the decision to detain him pending the case.
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