The Governor of the Libyan Central Bank, Saddiq A- Kabeer, held talks on Sunday with the European Union Ambassador to Libya, Nicola Orlando, in Tripoli.
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Libya’s National Oil Corporation (NOC) declared force majeure at the country’s largest oilfield, Al-Sharara, on Sunday, citing production shutdown by protesters.
Ahmed Al-Attar, Chairman of the Board of Directors of the prominent Egyptian construction firm The Arab Contractors Company, announced that…
The Libyan Tax Authority stated it achieved record-high revenues of $305 million from income taxes in 2023, a 23% increase…
The closure of Libya’s El Sharara oilfield by local protesters entered its fifth day on Saturday, as the interim unity…
Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.
An official security source in the El-Feel oilfield, located in the Murzuq basin, confirmed the the oil site is still open and that the production proceeds regularly, despite the protests that led to the closure of the nearby Sharara fiel in Ubari, reports Italian news agency Nova.
Germany expressed its eagerness to enhance cooperation with Libya during a recent meeting in Tripoli between German Chargé d’Affaires at the Germany Embassy in Libya, Sven Krauspe, and Libya’s Minister of Economy and Trade, Mohammed Al-Huweij.
Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea, according to Reuters.
Governor of the Central Bank of Libya (CBL), Saddiq Elkabeer, attended on Friday the 43th meeting of the Islamic Financial Services Board (IFSB) in Saudi Arabia, according to a statement by CBL today.