The European Union’s Ambassador to Libya, Sabadell Jose, met on Wednesday with Labor Minister Ali Abed Reda in Tripoli where they discussed supporting efforts to create jobs in the country.
The Libyan National Oil Corporation (NOC) announced the suspension of exports from the Sidra port, for its inability to compensate for reservoirs destroyed in the past due to wars.
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Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery, Reuters reported.
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The Libyan government confirmed on Monday that production would resume at a number of oilfields which were recently shut down by a western faction of the Petroleum Facilities Guard (PFG).
Production in the Libyan oilfields Wafa, El Feel, Sharara and Hamada would be restored after Prime Minister Abdul Hamid Dbeibeh met with representatives of a faction of the Petroleum Facilities Guard (PFG) which is active in the west of the country, Italian news agency Nova reports.
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.