Browsing: Business

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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Deputy Oil Minister Rifaat Al-Abbar has submitted his resignation to Prime Minister Abdul Hamid Dbeibeh, according to the Libyan government press office.

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Hunter Biden, the son of U.S. President Joe Biden, requested an annual retainer of $2 million in exchange for recovering billions in Libyan assets frozen by the Obama administration, a report by Business Insider reveals.

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Prime Minister of the Libyan Government of National Unity (GNU), Abdul Hamid Dbeibeh, has issued a decree nullifying the decree of the Oil and Gas Minister, Mohamed Oun, to suspend the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla.
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The Malta-based aviation company Medavia began selling seats for a flight between Malta and Tripoli on Monday, September 20. According to Medavia, the seat price of for the economy class is 230 euros and 350 euros for business class. 

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Libyan Airlines will conduct its first flights between Tripoli and Valletta next Monday, September 20, the Libyan government announced in a brief statement on Thursday.

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Hariga oil port, located in the eastern city of Tobruk, will resume production after the oil ministry reached a settlement with the port workers who shut down production in protest against workplace conditions, the ministry announced in a brief statement on Wednesday.

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Libyan Transportation Minister Mohamed Salem Al-Shoubi arrived in Cairo on Wednesday, where he met with Egyptian Minister of Aviation Mohamed Manar to discuss bilateral cooperation in the field of the aviation industry, according to a statement by the Egyptian Ministerial Council.

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The National Oil Corporation (NOC) has commissioned British firm Deloitte to audit the balance sheets of Mellitah and the Arabian Gulf Oil Company (AGOCO).

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