Browsing: Business

Libya’s spending was 84 billion dinars ($18 billion) in 2021 and there was no fiscal deficit, the spokesperson for the transitional Government of National Unity, Mohamed Hamuda, told a news conference on Thursday.

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Members of the Libyan Petroleum Facilities Guard (PFG) closed the crude oil pipeline feeding a number of electric power production plants of the General Electricity Company (GECOL) with natural gas as the main fuel to operate the stations of Al-Ruwais, Al-Zawiya, Al-Khums, as well as part of the Misurata Station, according to GECOL.
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The National Oil Corporation (NOC) accused the Minister of Oil and Gas, Mohamed Aoun, of “infringing his powers” and “practicing a policy of misleading for the purpose of disrupting the Corporation’s work,” the NOC said in a statement on Sunday.

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Libya’s Economic Working Group (EWG) co-chairs emphasized the importance of a reunifying Central Bank of Libya (CBL), underscoring the necessity to maintain the unity and independence of the country’s sovereign economic and financial institutions.
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