This is a repost of an article that ran on The Oil Drum: Europe about two years ago. Today's events warrant another look at Libya's role in world oil production, past and future. Libya is a ...

Gaddafi's huge fortune was made possible by Libya’s oil. The country has the largest proven oil reserves in Africa, with crude production forming more than 90% of export revenues. At its peak in ...

A Fairfax Media and Huffington Post investigation has uncovered an extraordinary case of bribery and corruption in the oil industry, centred on Monaco-based company Unaoil. In Libya, it worked ...

"We will unfortunately close all oil facilities," the Petroleum Facilities Guards (PFG) said in a video statement aired by broadcaster Libya al-Ahrar. "If our demands are not met, we will take the ...

TRIPOLI, March 12 (Xinhua) -- Libya's state-owned National Oil Corporation (NOC) announced Wednesday the resumption of oil production at the Mabruk oilfield after a suspension of 10 years.