Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, directed a letter to the Acting Head of the Audit Bureau, asking him to immediately stop addressing oil companies regarding the issue of prior control over their contracts.
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The President of the Presidential Council (PC), Mohammed al-Menfi, discussed Sunday with the Governor of the Central Bank of Libya (CBL), al-Siddiq al-Kabir, the latest developments of the unification of the monetary authority in Libya.
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Deputy Governor of the Central Bank of Libya (CBL), Ali Al-Hibri, has accused “the current political class” in Libya of not showing any interest in the future of the country’s economy.
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Libya’s National Oil Corporation (NOC) had net revenue of $21.6 billion in 2021, with $4.3 billion in net revenue during November and December, it said in a statement on Friday.
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Libya’s oil production is rising gradually after a blockade of its western fields ended and ports in the east re-opened, according to Oil Minister Mohamed Aoun.
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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.
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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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Faisel Gergab, former CEO of the Libyan Post Telecommunications & Information Technology Company (LPTIC) was arrested yesterday in Tripoli.
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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).
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