The National Oil Corporation (NOC) confirmed Friday that Libyan oil production amounted to 1.184 million barrels per day.
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Two former London bankers hired by Libya to manage hundreds of millions of dollars in investments are accused of defrauding the sovereign fund by funneling off cash for themselves.
The Libyan outgoing Prime Minister Abdul Hamid Dbeibeh said that he does not care about the opinion of the countries that opposed the signing of the hydrocarbons agreement with Turkey, pointing out that he is primarily interested in making the Libyan people understand the reality of what he is doing.
Oil prices stabilized near a three-week high Thursday after OPEC+ agreed to reduce global crude supplies by reducing production by about two million barrels per day, in the largest reduction since 2020.
Speaker of the Libyan House of Representatives (HoR), Aguila Saleh, sent an official letter to the UN Secretary-General, Antonio Guterres, regarding the invalidity of any memorandums of understanding concluded by the Government of National Unity (GNU) headed by Abdel Hamid Dbeibeh, noting that they have no legal effect and do not bind the Libyan state.
OPEC production rose last month after a recovery in crisis-torn Libya and a symbolic increase pledged by other members.
The Libyan government led by Fathi Bashagha affirmed its strong rejection of signing two memoranda of understanding on energy with Turkey by the Government of National Unity (GNU) led by Abdul Hamid Dbeibeh.
The foreign ministers of Greece and Egypt has challenged the legitimacy of the Libyan outgoing government led by Abdul Hamid Dbeibeh on signing energy memoranda of understanding with Turkey.
Saddek Elkaber, the Governor of the Central Bank of Libya (CBL), discussed on Friday enhancing financial transparency and promoting economic stability with Deputy Assistant Secretary of the U.S. State Department, Joshua Harris, and Chargé d’Affaires of the US Embassy in Libya, Leslie Ordeman.
Libya’s oil revenues, from the beginning of 2022 until now, have reached 77.17 billion Libyan dinars (15.2 billion U.S. dollars), announced the Tripoli-based Ministry of Finance.