Dozens of Libyans lined up today in front of the Savings and Real Estate Investment Bank in Tripoli to apply for housing loans which incumbent Prime Minister Abdul Hamid Dbeibeh promised.
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Libya’s incumbent Prime Minister Abdul Hamid Dbeibeh announced a series of populist spending plans on Friday as he sought to strengthen his position against a push by the parliament to replace him with the premier-designate Fathi Bashagha.
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The Libyan National Oil Corporation (NOC) praised the measures taken by the Attorney General regarding encroachment on the coastal gas pipeline.
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Oil regained some of its more than 2 percent decline in Asian markets on Thursday, weighed by the continuing situation in Ukraine.
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Saddek El-Kaber, the governor of the Central Bank of Libya, is facing international pressure to cut funding for the Government of National Unity, led by incumbent Prime Minister Abdul Hamid Dbeibeh, diplomatic sources told The Libya Update.
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Oil workers threaten to shut down production at an oil export terminal in eastern Libya by the end of February, Argus reported on Tuesday, quoting a shipping source.
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Saddek Omar El Kaber, the governor of the Central Bank of Libya (CBL), held a telephone conversation on Wednesday with British Ambassador Carolin Hurndall to discuss “issues of common interest,” according to a short statement by the bank.
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Libya’s Oil Minister Mohamed Aoun has accused the National Oil Corporation (NOC) of deliberate disruption of the wireless communications in his ministry, according to a leaked document.
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Oil prices were steady on Monday after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top oil producers.
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The General Electricity Company of Libya (GECOL) has warned the residents of the western town of Khoms to expect more hours of power cuts after the town’s power plant lost 400 megawatts due to low gas pressure.
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