The Libya Africa Investment Portfolio (LAIP) has announced the recovery of 16 million US dollars frozen at Deutsche Bank in Germany, Italian news agency Nova reports.
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Tatneft restarts operations on oilfields in Libya, suspended in 2014 because of hostilities in the country, Assistant to General Director Vasily Mozgovoi said at an online conference with investors on Wednesday.
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The Libyan Prime Minister, Abdul Hamid Dbeibeh, affirmed his government’s full support for the oil sector as it is an important and vital sector and that it represents more than 95% of the revenues of the Libyan state.
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Senior representatives of the National Oil Corporation (NOC) and the National Energy Services Reunited (NESR), an American energy firm, met in Tripoli yesterday to discuss cooperation in oil exploration and drilling, NOC said.
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The Libyan Investment Authority (LIA) signed a memorandum of understanding with Enterprise Greece, the official investment agency of the Greek state, to cooperate on investment and renewable energies, according to a statement by the LIA.
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Libyan Prime Minister, Abdul Hamid Dbeibeh, has approved the construction of an oil refinery and cooking gas plant at Sharara field in Ubari town in the Southern region (Fezzan), according to Hukomatuna platform of the Government of National Unity (GNU).
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Press sources revealed that Turkey activated the banking memorandum of understanding signed between the Central Bank of the Republic of Turkey (TCMP) and the Central Bank of Libya (CBL) last August.
The Libyan National Oil Corporation (NOC) announced that the net revenues for the month of August for the year 2021 from sales of crude oil, gas, condensates, petroleum products and petrochemicals reached record levels, driven by a recovery in prices around the world, where the level of crude oil reached 1,836,528,515.27 dollars, followed by gas and condensates, which reached 53,034,403.37 dollars.
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Crude oil prices held steady at 78.03 on Thursday after rising above $80 a barrel this week.
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Libyan Oil Minister, Mohamed Oun, called on U.S. companies to come back to Libya to help it raise output rapidly, according to Bloomberg.
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