The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, held discussions on four major files with the World Bank Group Executive Director, Naveed Baloch, last week.
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Italian oil company Eni signed a memorandum of understanding on Wedesnday with Libya with the aim of “studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni’s strategy and with the Libyan government’s objectives to accelerate decarbonisation and energy transition processes,” according to a press release by Eni.
The Jikharrah gas exploitation plant in Libya, in contractual area 91, has been successfully restarted after a ten-year standstill.
The governor of the Central Bank of Libya, Al Saddiq al Kabir, yesterday discussed the partnership with the United States Development Agency (USAID) during a meeting at the headquarters of the agency in Washington.
Libyan Oil Minister Mohamed Aoun, and his Algerian counterpart Mohamed Arkab, discuss the return of Algerian energy companies to work in Libya, during a meeting between the two on the sidelines of the meeting of oil ministers of the member states of the Organization of the Petroleum Exporting Countries (OPEC), which was held on Saturday 3 June at OPEC’s headquarters in Austria.
Governor of the Libyan Central Bank, Saddiq Al-Kabir, discussed with the Board of Governors of the US Federal Reserve, the International Monetary Fund and the World Bank the challenges facing the financial sector.
The National Oil Corporation has won another arbitration against the UAE Trasta Energy, winning the appeal to the Paris Court of Appeal, whose request was filed in February 2022.
Libya’s foreign exchange reserves have reached a total of $82 billion at the end of 2022 and the volume of frozen assets has stood at $70 billion since 2011, revealed Dmitry Gershenson, the head of the mission of the International Monetary Fund (IMF) in Libya.
The U.N. Development Programme (UNDP) announced on Tuesday the launch of Deraya Entrepreneurship Initiative, a program which aims to “build a dynamic ecosystem of innovative entrepreneurs and startups in Libya.”
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Libya on last Wednesday, IMF announced.