The economic situation in Libya could become better than the current one in the medium or short term, but there are risks deriving from the presence of two governments and fears of new tensions that increase the level of “mistrust”, the World Bank said.
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The chief executive of Eni has told the chairman of Libya’s National Oil Corporation (NOC) that the Italian energy group wants to launch new investments to increase the North African country’s gas output, Eni said in statement.
Libya’s oil production decreased by about 1,000 barrels, as the National Oil Corporation (NOC) announced Thursday that the production of crude oil amounted to 1.223 million barrels, while the production of condensate reached 53,000 barrels during the past 24 hours.
The Libyan National Oil Corporation (NOC) expressed Thursday its regret over the death of one person and injury of another in an explosion at the Nitrogen Unit of Well A55 of the Zueitina Oil Company’s al-Intisar Field.
The Deputy Minister of Economy and Trade for Commercial Affairs, Sohail Boushiha, met on Monday the Indonesian Ambassador to Libya, Mohammad Ma’ruf, to discuss bilateral trade relations and tapping into the Indonesian experiences on the Blue Economy, according to Economy Ministry.
The political situation and the impact of the economic recession were at the center of talks yesterday between Prime Minister-designate Fathi Bashagha and a group of businessmen in Misurata, Bashagha revealed on Monday.
Libya’s Audit Bureau has called on outgoing prime minister, Abdul Hamid Dbeibeh, to take “necessary measures” to address excessive employment in the public sector
Libyan National Oil Corporation (NOC) said Sunday gas production at the al-Farigh field of Waha Oil Company increased to reach 149 million cubic feet per day.
Libya’s oil production has reached 1 million and 211 thousand barrels per day as of the last 24 hours, announced the National Oil Corporation (NOC) on Sunday.
The Ministry of Social Affairs, affiliated with the government of Abdul Hamid Dbeibeh, is preparing to disburse another installment of handouts for young people under the age of eighteen.