A joint venture has started hydrocarbon production in Sabratha, contributing to Europe's energy security.

The entities involved

• Libya →

  sovereign state in North Africa

  • Severe flooding has affected communities in Derna, which is located in the Cyrenaica province of eastern Libya.Mon 14:46
  • Netflix released a series about the Lockerbie bombing, alongside new evidence from Libya and Czechoslovakia.Mon 05:34
• Europe →

  terrestrial continent located in north-western Eurasia

  • The European Commission aims to strengthen homegrown AI capabilities while global advanced models face usage restrictions.Mon 17:49
  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
• MOL Group →

  Hungarian oil industry corporation

  • MOL Group is working to strengthen fuel supply security for Hungary through ongoing refinery reconstruction projects.Wed 01:13

Related events

• Talks are underway regarding a power-sharing deal in Libya, involving discussions on unifying military and economic bodies and securing new oil drilling rights.Jul 8
• Attacks on oil infrastructure in Libya and the Gulf are straining global oil supply, with data reported by the International Energy Agency.Aug 25
• Energy markets are reacting to new development opportunities in Libya, Venezuela, and Iraq, while Guyana remains a critical growth catalyst amid low Brent oil prices.Jul 8
• ConocoPhillips and QatarEnergy are major oil producers with significant operational assets across global locations including Norway, Qatar, Libya, Malaysia, and through a new partnership.Jul 1