Abdul Hamid Dbeibeh has dismissed Mustafa Sanalla, chairman of the National Oil Corporation (NOC), according to a classified governmental decree seen by The Libya Update.
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Russian energy giant Gazprom on Monday cut its gas supplies to Italy by a third, Italian fuels giant Eni said.
Brent crude recorded Monday a decline of one percent, after rising Friday by about 2.3%.
Outgoing Prime Minister, Abdul Hamid Dbeibeh, held a meeting on Wednesday with top officials of the state economy, including Governor of the Central Bank of Libya (CBL), Saddek Elkaber, head of the Audit Bureau, Khaled Shakshak, and the Minister of Finance, Muhammad Al-Shhoubi.
Libya’s decision to reduce gas supply to Italy would be “a problem for the Libyans and not for the Italians,” Italian news agency Nova reports.
The International Police Organization (Interpol) has issued a Red Notice against five Libyans for cases of corruption and fraud, a…
Italian company Eni has taken note of the Libyan government’s proposal to reduce gas exports to the company by 25 percent, according to Italian news agency Nova.
Oil edged lower on Monday as fears of a global recession that would hit demand overshadowed concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia, according to Reuters.
The National Oil Corporation (NOC), Libya’s state-owned oil company, declared on Thursday force majeure in Sidra, Ras Lanuf and El-Feel oilfields due to shutdowns which caused $3 billion loss (16 billion Libyan dinars).
Libya’s National Oil Corporation (NOC) said on Thursday that it plans to reopen the Mabruk oilfield in the first quarter of 2023 with production up to 25,000 barrels per day.