Mustafa Sanalla will remain as the chairman of the National Oil Corporation (NOC) following a dispute with the oil ministry, which resulted in his suspension, Bloomberg reported on Monday, citing an official source.
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A new assessment of the Libyan labor market was presented in a launching ceremony in Tripoli today, The assessment, which is the largest of its kind in the country, was conducted by Tatweer Research, a Benghazi-based company, and the United Nations Development Program (UNDP).
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Senior officials at the Central Bank of Libya (CBL) and the International Monetary Fund (IMF) held a virtual meeting on Wednesday to discuss the economic situation in Libya, according to a statement by the central bank.
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Head of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, confirmed that the Oil Minister, Mohammed Oun, cannot legally suspend him from work or refer him for investigation.
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Head of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, considered the return of Total to work in Libya is a positive thing, upon receiving the Country Chair of Total in Libya, Pascal Breant, adding that this gives a good impression for the rest of the international companies to return and invest in Libya.
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Richard Norland, the U.S. Ambassador and Special Envoy to Libya, pitched the idea of involving the International Monetary Fund (IMF) in Libya’s domestic financial affairs before the upcoming general elections, sources close to the Libyan National Army (LNA) told The Libya Update.
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Head of the Libyan Presidential Council, Mohamed al-Menfi, met on Sunday with the Economy Minister, Mohamed al-Huwaij, to discuss ways to grease the wheel of national economy and expand the horizons of economic work based on well-studied strategic plans, according to the Council’s Media Office.
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Libya’s Oil Minister Mohamed Aoun has launched an investigation against Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), over the latter’s refusal to hand over corporation leadership to Jadallah Al-Awkali, who was appointed by the oil ministry as the new NOC chairman last week.
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The Libyan Audit Bureau 2020 report said the Operations Department of the Tripoli-based Central Bank of Libya (CBL) retained during 2020 permissions to pay salaries, did not implement them, and did not take into account the hierarchy in their disbursement.
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Maltese Ambassador to Libya, Charles Saliba, affirmed his country’s keenness to enhance joint cooperation with Libya in all fields, especially in oil and gas sector.
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