Libyan Economy Minister, Muhammad al Hawij, spoke of the possibility of the “safe” return of U.S. companies to Libya, to complete the pending projects, following a meeting with some representatives of the United States Chamber of Commerce.
Libyan Oil Minister Mohamed Aoun said on Saturday that the decision to assign Mustafa Sanalla as board chairman of the National Oil Corporation (NOC) in 2014 is “legally invalid” because it was not authorized by the ministerial council at that time.
Mohammed al-Menfi, the chairman of the Presidential Council, has reportedly held a closed-door meeting on Thursday with Saddek Elkaber, the governor of the Central Bank of Libya (CBL), in which they agreed to reopening the banking clearing next week.
Ali Al-Hibri, Deputy Governor of the Central Bank of Libya (CBL), denied that he had declared to some newspapers about the approval of CBL Board of Directors to open the clearing system between banks.
A leak in the 30-inch pipeline connecting the Jalu to Waha oilfield in central Libya has forced the National Oil Corporation (NOC) to reduce oil production in that field, the state-owned oil company announced on Tuesday.
Turkish President, Recep Erdogan, demanded the Prime Minister of the of the Libyan Government of National Unity (GNU), Abdul Hamid Dbeibeh, who is visiting Istanbul these days, to pay an amount of 5 billion dinars ($3.8 billion), as “debts owed from previous years, according to press sources.
Mustafa Sanalla, chairman of the National Oil Corporation (NOC), held talks last Thursday with Khaled Al-Konsel, general manager of the Libyan Foreign Bank, to review joint cooperation between the two state-owned institutions, according to a statement by the NOC.
Prime Minister of the Government of National Unity (GNU), Abdel Hamid Dbeibeh, and Turkish President, Recep Erdogan, agreed to address issues of letters of guarantee for the Turkish companies contracting in Libya, and the debts accumulated for decades, according to GNU.
The state budget proposed by the Government of National Unity, which is worth 111 billion Libyan Dinars ($24 billion), could increase inflation rate in Libya, said Musbah Akkary, a member of the Central Bank’s Exchange Rate Adjustment Committee.