Libya’s oil production declined on Friday by about 6000 barrels per day from the production on Wednesday and Thursday, as the National Oil Corporation (NOC) said the crude oil production rates amounted to one million and 207 thousand barrels, while the production of condensate reached 52 thousand barrels.
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The outgoing Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, said on Wednesday that the Libyan economy was “liberalized in some aspects” following 2011 civil war, but he viewed that “this liberalization was not regulated.”
Libya’s Waha Oil Company announced last Wednesday the restart of production operations at the Dahra oilfield in the Sirte Basin, which has been shut down since 2015 due to an ISIS attack.
Chairman of the Libyan National Oil Corporation (NOC), Farhat bengdara, has appointed Mohamed al-Fantari as chairman of Sirte Oil and Gas Company.
Libya’s electricity generation capacity has reached 5,900 megawatts, while the gap between supply and demand has narrowed, said the General Electricity Company of Libya (GECOL) on Friday.
Libya’s outgoing prime minister Abdul Hamid Dbeibeh announced on Friday several initiatives in support of the country’s youth including real-estate grants and disbursement of one billion dinars for marriage fund.
Libya aims to increase the level of oil production to two million barrels per day, announced the state-owned National Oil Corporation (NOC) on Thursday.
Oil prices fell in Asia on Thursday, after rising more than $1 in the previous session, as concerns about supply disruptions eased and markets looked for evidence of improving fuel demand.
The Business Technology Banking Forum 2022 (Business Tech 2022) will be held in Tripoli from 15 to 16 October, Libya Herald reports.
EgyptAir, a state-owned airline company in Egypt, received a high-level delegation from the Libyan Airlines headed by Hamed Esbaqa, Chairman of the Board of Directors of the company, reports news website Aviation Source.