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.
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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.
The Libyan Prime Minister appointed by the House of Representatives, Osama Hammad, the Executive Director of the Derna Reconstruction and…
International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support.
Libya’s top financial auditor has sounded alarms over a tentative deal between the state-owned National Oil Corporation (NOC) and foreign…
The Libyan National Oil Corporation (NOC) announced Tuesday that its subsidiary Mellitah Oil and Gas Company completed re-drilling the Fourth Well in the El Feel field, with a production capacity of about 3,500 barrels of oil per day.
Saddiq Kabeer, Governor of the Central Bank of Libya, chaired an internal meeting today with “relevant departments of the bank to discuss the adoption of the estimated budget for 2024 ,” according to a brief statement by the bank.
Libyan Islamic Bank (LIB) has partnered with Backbase, a Dutch financial technology company that provides engagement banking for financial institutions, “to streamline its customer service operations and enhance its customers’ digital banking experience,” according to a statement by the Dutch company.