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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)
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Libyan Crude Exports Rose Sharply Last Week

A general view shows Libya's Sharara oilfield. (File photo: Reuters)
A general view shows Libya's Sharara oilfield. (File photo: Reuters)

Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent, Reuters reported.

Tankers carrying crude including Flavin, Pacific Pearl, Ghibli, and Delta Atlantica set sail to European destinations from various Libyan ports in the week starting Sept. 9, the data show.

This comes as the OPEC producer remains in the throes of a political stand-off that has hampered its oil production.

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Italy, Albania, UAE Sign Deal for Energy Subsea Interconnection

People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER
People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER
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Italy, Albania, UAE Sign Deal for Energy Subsea Interconnection

People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER
People visit the World Future Energy Summit 2025 (WFES) in Abu Dhabi, United Arab Emirates, 14 January 2025. EPA/ALI HAIDER

Italy, Albania and the United Arab Emirates signed on Wednesday a deal worth at least 1 billion euros ($1 billion) to build a subsea interconnection for renewable energy across the Adriatic Sea.

"We strongly believe in this project involving our three governments, as well as our private sector and grid operators," Italian Prime Minister Giorgia Meloni said as she announced the deal at the World Future Energy Summit in Abu Dhabi.

The three-way partnership, which aims to produce green power in Albania and export it to Italy through underwater cables, will involve Italian grid operator Terna and UAE's National Energy Company (Taqa), Albanian Prime Minister Edi Rama said.

The Albanian premier added that the infrastructure would connect the Albanian port of Vlore to the southern Italian region of Puglia, the narrowest point between the two countries, and was expected to be operational within a maximum of three years.