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2019-01-30 10:50:00

LIBYA NEED INVESTMENT $60 BLN

LIBYA NEED INVESTMENT $60 BLN

PLATTS - Libya's state National Oil Corp. is targeting a $60 billion overhaul of its oil and gas sector as it strives to reach a pre-civil war output level of around 1.6 million b/d by the end of this year.

During an interview on the sidelines of the JCCP International Symposium in Tokyo last week, Shaaban Bsebsu, chairman of Ras Lanuf Oil & Gas Processing Co., said Libya is producing around 1 million b/d of crude and aims to boost output to around 1.6 million b/d this year after overcoming technical and security challenges.

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Tags: LIBYA, OIL, PRODUCTION, INVESTMENT

Chronicle:

LIBYA NEED INVESTMENT $60 BLN
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

LIBYA NEED INVESTMENT $60 BLN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

LIBYA NEED INVESTMENT $60 BLN
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

LIBYA NEED INVESTMENT $60 BLN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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