Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya, Reuters reported.
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The Central Bank of Libya (CBL) has published the government expenditures for 2021, which amounted to $24.5 billion (85.8 billion Libyan dinars), contradicting with the numbers published by the Government of National Unity (GNU), headed by Abdul Hamid Dbeibeh.
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Libya expects its oil production to drop by another 200,000 barrels a day over the next week as workers try to fix a damaged pipeline.
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Algeria’s national oil company Sonatrach is preparing to resume suspended oil projects in Libya, the state news agency APS reported on Monday.
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Board of Directors of the Libyan National Oil Corporation (NOC) directed a letter to the Corporation’s Chairman, Mustafa Sanalla, absolving itself of responsibility for his decisions taken individually.
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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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Deputy Chairman of the Presidential Council, Abdallah Al-Lafi, and his accompanying delegation arrived on Wednesday in the Central African Republic.
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Oil prices edged towards $80 per barrel on Wednesday, Reuters reported.
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The Minister of Oil and Gas, Mohamed Aoun, denied the disappearance of $324,000 from the Mellitah Company account within 3 days in August 2011 during his presidency of the company at the time.
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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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