The Libyan Supreme Finance Committee for Regulating Spending and Revenues held on Sunday its fourth meeting in Misrata, headed by the President of the Presidential Council, Mohamed al-Menfi.
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Libya’s National Oil Corporation (NOC) announced that its net revenues from sales of crude oil, gas, condensates and petrochemicals exceeded $5 billion in the second quarter of 2023, the Libyan company announced on Facebook, specifying that oil exports last May produced 1.57 billion dollars in revenues.
Egypt is planning to establish a 300-feddan logistics zone near Salloum Land Port on the border with Libya, Asharq Business reported on August 16th.
Libyan Libyan Minister of Economy and Trade, Mohamed Al-Hwej arrived in Tunis on Friday where he met with Tunisian Prime Minister Ahmed Hachani.
Italy’s engineering, drilling, and construction services provider Saipem has secured a new contract worth approximately $1 billion for the development of a gas project off the coast of Libya. The contract is with Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa.
Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022, Reuters reported.
Tripoli – Officials from the interim Libyan Government of National Unity and the Italian embassy met on Thursday to discuss…
Libya’s House of Representatives has overturned a military prosecutor’s order to annex the critical Al Khums commercial port to a…
Libyan Economy Minister Mohamed al-Huwaij met with Ahmed al-Ghazali, Vice President of the American Chamber of Commerce (AmCham) in Libya, the local partner of the organizer of the Energy and Economy Summit, Energy, Capital & Power Company, to be held in Tripoli on November 8-9, 2023.
The Central Bank of Libya has revealed that state spending reached 47 billion dinars in the first seven months of 2023, equivalent to 8.93 billion euros, based on current exchange rates.