Libya’s public debt has reached high levels, which amounted to 70.4 percent of GDP in 2022, also equivalent to 126 percent of government revenue, according to the World Bank’s economic update in April.
Browsing: Business
The president of the Libyan General Electricity Company (GECOL), Mohamed al Mashai, has signed a contract for the construction of a new power plant, with a production capacity of 1,044 megawatts, in Zliten, a city in western Libya.
The Algerian energy company, Sonatrach, announced that it had made six oil and gas discoveries during the first quarter of…
The Libyan Oil and Gas Ministry has stated that the correspondence between the National Oil Corporation and the Waha Oil…
Libya’s National Oil Corporation announced on Saturday the reopening of a gas well operated by Mellitah Oil and Gas Company on its Sabratha Platform in the Mediterranean Sea.
The National Oil and Gas Corporation should develop the Dhahra and Bahi fields to compensate for the closures, Libyan legal…
Misrata, Libya – An international delegation from the International Civil Aviation Organization (ICAO) in the Middle East has conducted an…
Tripoli – Mohammed Al-Shahoubi, the Minister of Transport for the National Unity Government, held discussions with German Ambassador Michael Ohnmacht…
Libya’s state-owned Sirte Oil and Gas Production and Processing Company announced today that its production across all fields had earlier today reach a peak of 87,000 barrels per day (bpd).
The National Electricity Company of Libya (GECOL) has announced that the solar power generation plant of the predicted capacity of 500 megawatts located in the As Saddadah area, west of Sirte, has been commissioned and connected to the national electricity grid.