The Italian Embassy in Libya has welcomed the announcement of the resumption of oil production and export in Libya and the lifting of force majeure on all ports.
Browsing: Business
An armed force deployed outside the National Oil Corporation (NOC) headquarters in Tripoli late on Wednesday, three witnesses said, after the chairman Mustafa Sanalla gave a speech rejecting a government decision to sack him.
Today, Mustafa Sanalla, the former chairman of the National Oil Corporation (NOC), arrived back to the oil company’s headquarters in Tripoli, a day after Abdul Hamid Dbeibeh sacked him.
Organization of Petroleum Exporting Countries (OPEC) revealed that Libya’s oil production declined by 78,000 barrels per day during June, compared to May, making the country among the 4 countries that led the decline in OPEC production during the past month.
Abdul Hamid Dbeibeh has dismissed Mustafa Sanalla, chairman of the National Oil Corporation (NOC), according to a classified governmental decree seen by The Libya Update.
Russian energy giant Gazprom on Monday cut its gas supplies to Italy by a third, Italian fuels giant Eni said.
Brent crude recorded Monday a decline of one percent, after rising Friday by about 2.3%.
Outgoing Prime Minister, Abdul Hamid Dbeibeh, held a meeting on Wednesday with top officials of the state economy, including Governor of the Central Bank of Libya (CBL), Saddek Elkaber, head of the Audit Bureau, Khaled Shakshak, and the Minister of Finance, Muhammad Al-Shhoubi.
Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
The International Police Organization (Interpol) has issued a Red Notice against five Libyans for cases of corruption and fraud, a…