Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading, according to Reuters.
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The Governor of the Central Bank of Libya (CBL), Saddek Elkaber, was Ankara on Monday where he met Turkey’s Minister of Trade, Mehmet Muş, for talks on “joint cooperation between the Libyan and Turkish banking sectors,” according to a brief statement by the Libyan bank.
TotalEnergies has completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions is increased from 16.33% to 20.41%.
Libya was ranked first among African oil producers for the month of October, with its daily production growing by about 6 thousand barrels per day to around to 1.163 million barrels of oil per day, according to the Organization of the Petroleum Exporting Countries (OPEC).
The Central Bank of Libya (CBL) has accused deputy governor of the bank, Ali al-Hibri, of signing “forged” banknotes with face value of 50 Libyan Dinars.
The Public Prosecution announced that it had imprisoned the financial controllers of the Libyan mission to the Czech Republic, during…
The Minister of Economy and Trade in the Interim Government of National Unity, Mohamad al-Hawij, signed an agreement with the…
President of the Presidential Council, Mohamad Menfi held an expanded meeting with the outgoing Prime Minister Abdel Hamid Dbeibah, the…
The Libyan National Oil Corporation (NOC) reviewed in a meeting with officials of Eni, Italian energy company, the lifting of force majeure and the resumption of the company’s exploration activity in Libya, according to NOC.
An official in theibyan Audit Bureau said, “Corruption is one of the most important causes of security tensions, and the…