The Central Bank of Libya (CBL) denied authenticity of news circulated by some TV channels and newspapers about the Bank of England freezing sums of its assets.
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The International Forum of Free Zones will be held in Misurata on 28 and 29 June, announced the Ministry of Economy…
Controller of Hariga Oil Port in Tobruk, Rajab Sahnoon, said protesters gathered outside the port and fired shots because they were prevented from entering the port in protest against the export of crude oil.
Oil prices rose on Thursday, recovering from early losses, on hopes that a planned easing of restrictions in Shanghai would improve fuel demand, while continuing concerns over limited global supplies overshadowed fears of slowing economic growth.
The General Electricity Company of Libya (GECOL) has signed a preliminary agreement with Total Energy for the construction of a…
Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said there are exciting capabilities in Libya to develop hydrocarbons to provide Europe with oil and natural gas through the sea by the pipelines using the existing infrastructure, according to NOC.
The U.S. Embassy in Libya has announced that it “fully supports the temporary freezing of oil revenues in the National Oil Corporation account at the Libyan Foreign Bank until there is agreement on a revenue management mechanism.”
An official statement issued by the Libyan Parliament Speaker Aqila Saleh confirmed Saturday the freezing of oil revenues at the Libyan Foreign Bank until “the establishment of guarantees and a mechanism for all Libyans to benefit from this income, in a manner that achieves justice and equality for all.”
Libya’s National Oil Corporation (NOC), led by Mustafa Sanallah was pressured to transfer a total of $8 billion to the…
Libya is missing out on the opportunity to generate revenues of $60 million a day against the backdrop of the…