Libyan National Oil Corporation (NOC) has announced a decrease in its production of Es-Sidra crude by approximately 72% of the daily regular available capacity “due to deterioration of the oil sector infrastructure.”
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Prime Minister Abdul Hamid Dbeibeh decided on Wednesday to move the country’s Credit Guarantee Fund from its offical headquarters in Benghazi to the capital Tripoli, according to documents leaked to the press.
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Representatives of the Central Bank of Libya (CBL) and Banque de France met in Paris to discuss cooperation on micro-finance management and investment, CBL said in a statement on Sunday.
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Director of Asian and Australian Affairs Department at the Libyan Foreign Ministry, Ahmed al-Naas, met Wednesday with the Ambassador of South Korea to Libya, Lee Sang-soo, according to the Libyan Foreign Ministry.
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Libyan Oil Minister, Mohamed Oun, issued a decree on Thursday suspending the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, from work and referring him to administrative investigation “for violations”.
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Libya is projected to record a GDP growth rate of 78.2% in 2021 if the presidential and parliamentary elections and the reunification of public institutions proceed, and oil production persists, the World Bank said.
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Tatneft has resumed its operations in Libya after a ten-year halt, announced the National Oil Corporation (NOC) on Friday.
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Libyan Economy Minister, Mohamed al-Huwaij, discussed with the French Ambassador to Libya, Beatrice du Helen, strengthening cooperation between the two countries and raising the level of trade exchange, during a meeting at the Ministry’s headquarters in Tripoli.
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Libyan Oil Minister, Mohamed Aoun, discussed with the French Ambassador to Libya, Beatrice du Hellen, ways for France’s support to Libya.
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“Local forces in the regions of Cyrenaica and Fezzan are considering closing oil fields and terminals and stopping oil exports in protest at the policies of the National Unity Government headed by Abdel Hamid Dbeibah,” an informed source announced.