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First Previous 1 2 3 4 5 6 7 Next Last.The exploration of oil began inand by Libya's first oil fields were discovered at Amal and Zelten. Around 40 countries were granted concession contracts to explore and drill in an area of about ,km2. In oil production was down to 1. Source: wikipedia. The Mineral Law of authorised the exploration and surveying of land but did not allow drilling. This was followed by the Petroleum Law 25 ofwhich authorised the allocation of land and the drilling of oil wells to oil prospectors.
The National Oil Corporation is the largest oil corporation in Libya. Contractors working only for the National Oil Corporation are permitted to bring equipment into Libya free of import duties. The oil industry in Libya is run by the state-owned National Oil Corporation NOCwith several smaller subsidiaries and some foreign firms. Oil production was 1.
However, Libya still remains highly unexplored, as current agreements with oil companies only cover 25 percent of Libya. About 90 percent of Libya's oil is sold to Western Europe. Libya has more oil than its aging equipment can process, and after the recent lifting of the sanctions, the country has resumed the purchase of parts and equipment to upgrade its refining and producing capacities.
The following Libyan postal stamp commemorates the inauguration of the first petrol pipe line in libya, dated 25 October From the images shown on the stamp, the two pipes show the Zelten or Zilten oil field and the coastal seaport of Brega. First petrol pipe line in Libya. Libyan oil is of very high quality, characterised by its low-sulphur content. Libya's top-quality oil is known as "sweet crude oil" low in sulphurwhile the lower and sulphur-high oil is referred to as "sour crude oil".
Low-sulphur oil is easier to refine into petroleum products and therefore commands higher prices than low-quality oil, and is more attractive to foreign investors. Source: en. Source: contract areas. Sirte Basin Province of Libya.
Summary Sheet Area 03, 16, 16, 22, 23, and Summary Sheet Area and Summary Sheet Area Summary Sheet Area89 and Summary Sheet for blocks offered in bid round.
Summary Sheets Area 64, 95, and Unified Policy for Contracting at the Oil Companies . Libya currently possesses an electric power production capacity of about 5 gigawatts, with plans to more than double the capacity by There are rumours that Libya's state-owned General Electricity Company GEC may allow private companies to invest in the Libya's power generation and distribution sectors. The GEC's largest current project is to expand the country's network of power substations, concentrated mainly in Benghazi, Sabha and Tripoli.
Crude oil prices: the world's oil reserves will run out very soon, and some countries like Dubai, according to experts, has only 8 more years of oil production. Hence, the leaders of the western powers have been urging other countries for sometime now to invest in renewable energy and nuclear power as a long term solution for the energy crisis.The sectors under review are industry, telecom, banking sector, ICT, investments and more.
Developed in conjunction with Ext-Joom. Top Oil Companies in Libya. Oil and Gas sector hydrocarbons have been dominating the Libyan economy and will continue to do so.
Top Oil Companies in Libya
According to the IMF report, "Oil and Gas sector hydrocarbons have dominated - and will continue to do so - the Libyan economy. Prior to the uprising that toppled the long term dictator the country was producing 1. The plan is to produce 3 million barrels of oil per day and cubic feed of gas a day. The government has also signed several EPSAs with international oil companies. Although these agreements were signed by the former regime, they remain in existence, and, according to multiple sources, will remain valid.
List of companies of Libya
The sector was impaired by the revolution and as a consequence, crude oil production fell to 22, barrels of oil per day in July Although, the production has been restored to the pre-war level, following the 30 years of the regime and the UN embargo the sector remains starved of much needed investment, technology and needs an complete upgrade.
According to the Chairman of NOC, the largest oil company in Libya, "the country can produce oil at competitive production prices for another 50 years. Recently, the Libyan authorities have been working on a multi-billion dollar investment plan and a new round of licensing should begin within the next few years.
The sector offers many investment opportunities, especially in the field of small to medium sized oil and gas service companies. The government's medium term goal is to build several refineries to satisfy the domestic demand for gasoline, that is currently imported from Italy. According to industry experts the sector employs about 47, people.
Prior to the revolution, Libya attracted investment from international oil companies including Eni SpA, BP, ConocoPhillips, Total and Repsol as the country sought to raise production capacity to 3 million barrels a day. InLibya approved a While it is easy to distinguish the national players, the IOC are often locked in a convoluted ownership and concession schemes. Thus a clear structure of how many companies are operating in Libya is difficult to quantify.
Aside from the domestic companies, Libya owns several international oil companies such as Tamoil, OilLibya. Agoco has upstream operations in eight oil fields, including Sarir, Messla, Nafoora, Beda and Hammada. The company also operates an oil terminal and a refinery in Tobruk and Sarir. Marathon Oil and ConocoPhillips each hold a The Libya Waha Group is the operator.
The Concessions encompass almost 13 million gross acres in the Sirte Basin. This basin is one of the most prolific oil and natural gas producing areas of Libya, containing sizable undeveloped oil and natural gas resources.
Estimated 2P net resource is 1.
The Company manages several onshore fields spread across the country. It also manages offshore fields consist of three platforms and a floating tank. Moreover, it manages a network of onshore pipe lines of various sizes extended for thousands of kilometers. This offshore export Line is considered to be the first link between Libya and Europe.
Occidental Petroleum Oxy began operations in Libya inand in made the first of several giant discoveries. Oxy was the first American company to resume oil operations in Libya after U. Additionally, Oxy participates in several on-shore exploration blocks.Megrahi was granted a release on compassionate grounds by Scottish justice secretary Kenny MacAskill due to the prisoner being in the final stages of terminal cancer.
The move has led to accusations that Megrahi's release was part of a trade deal between the UK and the North African state. Senior government officials in the UK have issued strong denials and stated that such speculation is "offensive".
BP - The British supermajor ended its year hiatus in Royal Dutch Shell - Anglo-Dutch oil giant has a gas exploration permit for the Sirte Basin that it was awarded in as well as other permits awarded in Has made a number of significant finds in the country. Occidental - California-based oil company is producing around barrels per day of oil this year, compared to 22, in Also has a number of gas and oil exploration permits.
Gazprom - Russian giant has a gas exploration license for areas in the Ghadames Basin. Sonatrach - State-owned Algerian energy giant has two blocks in the Ghadames Basin.
The deal also includes Mitsubishi Corp. So which oil and gas companies are working in Libya at the moment? Petrobas - Brazilian energy company has offshore exploration licenses. Source: Reuters.
Related Oil industry giants: Saudi Aramco. Newsletter Receive the latest breaking news straight to your inbox. E-mail Address. Most Popular. In Case You Missed It:. Schlumberger ranks first on the Top 30 Oilfield Services Companies of Digital Edition.
Subscribe Now. All Rights Reserved.The following list of Libya websites web sites is carefully selected and thoroughly checked. All links were active and lead to the intended addresses at the time of publishing. The following list includes a list of Libyan government websites, a list of Libyan telecommunication websites, a list of Libyan oil companies, a list of Libyan business websites, a list of Libyan media and news websites, a list of Libyan hotels, and a short general list of various Libyan websites.
Please note that due to the recent events in Libya many of the older links were removed from these lists. The following lists will be updated as sites return to normality under the new government. This means that the government websites are being contested by the three governments, with Tripoli's government s having control over both:. The following URL appears to have been created on the 5th of January Please note that the sites have disappeared after the NTC was dissolved, and that the current domain names link to sites that are not related to the original NTC; probably because the domain names had been registered by somebody else after they had expired.
Therefore the domains in the following list are linked to the archived pages at archive. Libyan Websites. This is probably due to the fact that the domain authority responsible for. This took place around October The fact that the site does not have a. This website went offline in November Even though the HoR seems to have recovered his. This agency is no longer reporting the way it did before the military takeover of the capital Tripoli by Libya Dawn militia - that is before the election of the HoR.
Corinthia Bab Africa: corinthiahotels.Libya is a country in the Maghreb region of North Africabordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy.
Organizations which have ceased operations are included and noted as defunct. These oil revenues and a small population have given Libya one of the highest nominal per capita GDP in Africa. Eni S. Considered one of the seven "Supermajor" oil companies in the world, it has operations in 79 countries, and is currently world's 11th largest industrial company with a market capitalization of 68 billion euros, as of August 14, The Italian government owns a Another 2.
The company is a component of the Euro Stoxx 50 stock market index. The National Oil Corporation is the national oil company of Libya. Bouri is considered the largest producing oilfield in the Mediterranean. Energy in Libya describes energy and electricity production, consumption, and import in Libya. The petroleum industry is the primary engine of the Libyan economy. The mining industry of Libya does not contribute significantly to its economy. Mining resources are located in remote regions with limited accessibility.
The fuel sector, including oil reserves and natural gas is the major revenue-generating industry.Libyan economy opens for business - 03 Sept 09
Pivot irrigation in Kufra. Libya portal Companies portal Africa portal. The Daily Star. Energy Information Administration. List of companies of Africa. Sahrawi Arab Democratic Republic Somaliland.
Outline Index. Images, videos and audio are available under their respective licenses. Afriqiyah Airways. Agricultural Bank of Libya. Air One Nine.Libya is a country in the Maghreb region of North Africabordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy.
Organizations which have ceased operations are included and noted as defunct. Pivot irrigation in Kufra. From Wikipedia, the free encyclopedia.
Wikipedia list article. Libya portal Companies portal Africa portal. The Daily Star.
General National Maritime Transport Company.
General Posts and Telecommunications Company. Ghadames Air Transport. Oilfield services, part of National Oil Corporation. Part of Central Bank of Libya. Libyan Iron and Steel Company. Libyan Jamahiriya Broadcasting Corporation. National Oil Corporation. Technofarm International. Trucks and Bus Company. Western Libyan Gas Project. Zawia Oil Refining Company. Outline Index Category Portal.