Airbus and the French financial prosecution office have agreed to settle an investigation related to bribery in Libya and Kazakhstan more than a decade ago, with the planemaker paying a fine of about 16 million euros, the two parties said at a court hearing on Wednesday.
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The Governor of the Central Bank of Libya, Saddek Elkaber, said Libya needs to boost oil production to enact sweeping development plans and diversify an economy heavily reliant on energy exports.
The National Oil Corporation (NOC), Libya’s state-owned oil company, has approved the reactivation of the ethylene plant in the industrial complex of Ras Lanuf, in the Gulf of Sirte, after a standstill of over ten years.
Europe’s largest airline by passenger numbers, Ryanair, is in talks with authorities in Egypt and Libya about operating flights to the countries for the first time, Chief Executive Michael O’Leary said on Tuesday.
Oil Minister of Libya’s Government of National Unity, Mohamed Aoun, held talks on Friday with the French Ambassador in Libya, Mustafa Maharaj, and his accompanying delegation.
The Turkish “Karanfil Group”, headed by Mortada Karanfil, head of the Turkish-Libyan Business Council, said that it is preparing to…
The “First Conference for Investment in Africa – Libya its Gate” was held in the Turkish city of Istanbul for…
Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading, according to Reuters.
The Governor of the Central Bank of Libya (CBL), Saddek Elkaber, was Ankara on Monday where he met Turkey’s Minister of Trade, Mehmet Muş, for talks on “joint cooperation between the Libyan and Turkish banking sectors,” according to a brief statement by the Libyan bank.
TotalEnergies has completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions is increased from 16.33% to 20.41%.