{"id":40843,"date":"2022-11-13T07:00:00","date_gmt":"2022-11-13T05:00:00","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=40843"},"modified":"2022-11-10T18:08:28","modified_gmt":"2022-11-10T16:08:28","slug":"libya-hydrocarbon-revenues-expected-to-reach-record-high-in-2022","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2022\/11\/13\/libya-hydrocarbon-revenues-expected-to-reach-record-high-in-2022\/","title":{"rendered":"Libya: Hydrocarbon revenues expected to reach record high in 2022"},"content":"\n  \n    \n      \nThese forecasts assume that the current production level will be maintained until the end of the year, around 1.2 mb\/d; an optimistic scenario given the many uncertainties that weigh on Libyan oil production. Libyan stallion Es Sider averaged around USD 106 a barrel in the first nine months of the year, up 60% year-on-year.\n\n    \n  \n\n\n  \n    \n      \nWhile oil prices have weakened since July, current levels above USD 90 per barrel should, if they continue, allow Libya to exceed USD 100 per barrel on average this year, the highest level since 2013.\n\n    \n  \n\n\n  \n    \n      \n        \n          \n            \nNOC develops important new international agreements\n\n          \n        \n      \n    \n  \n\n\n  \n    \n      \nDuring an interview on the sidelines of the ADIPEC forum in Abu Dhabi, NOC Chairman Farhat Bengdara announced that he expects to sign an 8 billion USD agreement with the Italian major ENI by the end of the year to develop the gas fields in western Libya.\n\n    \n  \n\n\n  \n    \n      \nHe added that NOC, ENI and BP were about to start offshore gas exploration in the Mediterranean off western Libya. He also announced that Libya aims to double its oil production by 2027.\n\n    \n  \n\n\n  \n    \n      \nFarhat Bengdara finally declared that gas pipeline projects linking Libya to Greece and the Egyptian city of Damietta were under consideration.\n\n    \n  \n\n\n  \n    \n      \nSource : Embassy of France in Libya\n\n    \n  \n\n","author":120,"featured_media":26184,"comment_status":"open","ping_status":"closed","template":"","tags":[5754,5761,5751,5799,5812,5869,5827,5759,5762],"location":[5723],"class_list":["post-40843","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-decision-makers","tag-economy","tag-energy","tag-hydrocarbons","tag-noc","tag-oil","tag-politics","tag-trending","location-libya"],"short_url":"https:\/\/bit.ly\/3thrK7a","have_related_news":"done","chapo":"Hydrocarbon revenues for 2022 are expected to reach USD 37 billion, a record level since 2013. In a context of rising oil and gas prices, a 36% increase in revenues is expected in 2022 compared to 2021, while the average production fell from 1.18 mb\/d to 1.02 mb\/d due to the three months of oil blockade between April and July 2022.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/petrole4-1-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/petrole4-1-550x360.png 550w","sizes":"550px","alt":"Maroc : Le britannique Sound Energy augmente sa participation dans ses principaux actifs p\u00e9troliers dans l\u2019est du Maroc","width":550,"height":360,"ratio":0.73,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/petrole4-1-896x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/07\/petrole4-1-896x658.png 1170w","sizes":"1170px","alt":"Maroc : Le britannique Sound Energy augmente sa participation dans ses principaux actifs p\u00e9troliers dans l\u2019est du Maroc","width":1170,"height":658,"ratio":0.73,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Libya: Hydrocarbon revenues expected to reach record high in 2022 - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"These forecasts assume that the current production level will be maintained until the end of the year, around 1.2 mb\/d; 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