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FINANCIAL NEWS
Spanish Repsol set to restart drilling in Libya
10 Nov 2012
(MENAFN) Spanish oil firm Repsol unveiled plans to restart drilling operations in Libya in early 2013, Reuters reported.
A spokesman for the company said Repsol plans to debut operations in the east Libyan desert. He added that current output was now close to the 350,000 barrels per day it was pumping before the war.
Despite the country’s surprising rapid boost of oil output to 1.6 million bpd, it has so far had only limited success to attract security-conscious foreign firms to explore.
A deadly attack on the US consulate in the eastern city of Benghazi in September is widely seen as acting as a further deterrent, particularly for US oil firms.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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