Egypt plans to increase the capacity of its power grid interconnection with Libya to 2,000 MW, according to Minister of Electricity and Renewable Energy Mohamed Shaker.
The Belgian judiciary wants the chairman of Libya’s sovereign wealth fund arrested on charges of corruption and embezzlement, Belgian magazine De Tijd reported.
Libyan oil output is 729,000 barrels per day, the National Oil Corporation (NOC) media office said on Thursday, down from a high of more than 1.3 million bpd last year.
Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstan and supply outages in Libya, Reuters reported.
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The Central Bank of Libya (CBL) has published the government expenditures for 2021, which amounted to $24.5 billion (85.8 billion Libyan dinars), contradicting with the numbers published by the Government of National Unity (GNU), headed by Abdul Hamid Dbeibeh.
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Board of Directors of the Libyan National Oil Corporation (NOC) directed a letter to the Corporation’s Chairman, Mustafa Sanalla, absolving itself of responsibility for his decisions taken individually.
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Libya’s spending was 84 billion dinars ($18 billion) in 2021 and there was no fiscal deficit, the spokesperson for the transitional Government of National Unity, Mohamed Hamuda, told a news conference on Thursday.