Libya’s public debt has reached 155 billion Libyan dinars (33 billion US dollars) as of this year, revealed a member of the government’s financial reform committee.
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Mohamed al-Menfi, chairman of Libya’s Presidential Council, held a meeting on Wednesday with Saddek Elkaber, the governor of the Central Bank of Libya (CBL), for discussion on the process of unifying the banks eastern and western branches.
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Founders, board directors and CEOs of Libyan inspection companies are no longer allowed to own more than 49% of the share capital of those companies, announced the Ministry of Economy.
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Libya’s National Oil Corporation (NOC) and British Petroleum (BP) have agreed to resume exploration activities in line with a 2018 deal between the two companies and Italy’s ENI, the Libyan company said on Friday.
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The state-owned Libyan National Oil Corporation (NOC) announced on Friday that the country’s daily oil production has dropped by 100,000 barrels per day due to its inability to maintain oil tanks damaged by armed conflicts.
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Oil prices fell, on Thursday, on some profit-taking, but remained supported by a supply shortage as OPEC + producers stuck to moderate increases in production.
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Libya’s Attorney General, Al-Siddiq Al-Sour, is in Belgium where he met on Tuesday with a number of state officials to discuss the Libyan assets frozen in Brussels.
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Siddiq al-Kabir, Governor of the Central Bank of Libya (CBL) hosted in his office on Sunday a rare meeting of the country’s top officials including Prime Minister Abdul Hamid Dbeibeh, Chairman of Presidential Council Mohamed al-Menfi, Chairman of High Council of State Khaled Al-Mishri, and Deputy Speaker of the House of Representatives Fawzi Al-Nuwairi.
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Libyan Prime Minister Abdul Hamid Dbeibeh held a meeting on Saturday with Finance Minister Khaled Al-Mabrouk to discuss a number of economic policies.
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Oil futures fell nearly one percent during the Asian session after jumping to their highest level since October 2014.
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