The Undersecretary of the Libyan Oil Ministry, Rifaat al-Abbar, confirmed that Libya aspires to achieve plans to raise oil exports above 1.4 million barrels a day during December 2021 and above 1.6 million barrels in 2022, if the appropriate conditions and environment are available, and above all the funds necessary for maintenance and development.
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Libya’s Foreign Minister, Najlaa Manqoush, in her capacity as Chair of the Preparatory Committee for the Libya Energy and Economic Summit 2021, met today with the organizers Energy Capital & Power Company, represented by James Chester, Senior Director, and local partner of the summit Ahmed Al-Ghazali, Deputy Director of the American-Libyan Chamber of Commerce, according to Energy Capital & Power.
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The Libyan Oil Minister, Mohamed Oun, confirmed that the Ministry is the official authority supervising the oil sector and its work in accordance with laws and resolutions regulating the sector.
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The Libyan National Oil Corporation (NOC) said Member of its Board of Directors, Abul Qasim Snengir, was arrested Saturday morning at Mitiga Airport in Tripoli while returning from abroad with his family, “in an arbitrary and inappropriate manner that does not rise to the level of responsibility in dealing with a public and national figure.”
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Libyan National Oil Corporation (NOC) has announced a decrease in its production of Es-Sidra crude by approximately 72% of the daily regular available capacity “due to deterioration of the oil sector infrastructure.”
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Prime Minister Abdul Hamid Dbeibeh decided on Wednesday to move the country’s Credit Guarantee Fund from its offical headquarters in Benghazi to the capital Tripoli, according to documents leaked to the press.
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Representatives of the Central Bank of Libya (CBL) and Banque de France met in Paris to discuss cooperation on micro-finance management and investment, CBL said in a statement on Sunday.
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Director of Asian and Australian Affairs Department at the Libyan Foreign Ministry, Ahmed al-Naas, met Wednesday with the Ambassador of South Korea to Libya, Lee Sang-soo, according to the Libyan Foreign Ministry.
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Libyan Oil Minister, Mohamed Oun, issued a decree on Thursday suspending the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, from work and referring him to administrative investigation “for violations”.
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Libya is projected to record a GDP growth rate of 78.2% in 2021 if the presidential and parliamentary elections and the reunification of public institutions proceed, and oil production persists, the World Bank said.
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