The Libyan Tax Authority stated it achieved record-high revenues of $305 million from income taxes in 2023, a 23% increase…
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The closure of Libya’s El Sharara oilfield by local protesters entered its fifth day on Saturday, as the interim unity…
Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.
An official security source in the El-Feel oilfield, located in the Murzuq basin, confirmed the the oil site is still open and that the production proceeds regularly, despite the protests that led to the closure of the nearby Sharara fiel in Ubari, reports Italian news agency Nova.
Germany expressed its eagerness to enhance cooperation with Libya during a recent meeting in Tripoli between German Chargé d’Affaires at the Germany Embassy in Libya, Sven Krauspe, and Libya’s Minister of Economy and Trade, Mohammed Al-Huweij.
Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea, according to Reuters.
Governor of the Central Bank of Libya (CBL), Saddiq Elkabeer, attended on Friday the 43th meeting of the Islamic Financial Services Board (IFSB) in Saudi Arabia, according to a statement by CBL today.
The Libyan Prime Minister appointed by the House of Representatives, Osama Hammad, the Executive Director of the Derna Reconstruction and…
International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support.
Libya’s top financial auditor has sounded alarms over a tentative deal between the state-owned National Oil Corporation (NOC) and foreign…