Browsing: Business

Fadlallah Issa Hatita, the CEO of the Arabian Gulf Oil Company (AGOCO), has said that the company is going through a critical financial situation, which could result in halt of oil production, according to a statement released on the company’s official Facebook page.

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Mustafa Sanalla, chairman of the National Oil Corporation (NOC), spoke on Tuesday with the heads of the management committees of the NOC subsidiaries to evaluate COVID-19 measures and discuss increasing awareness campaigns of the virus.

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Libya’s House of Representatives postponed on Tuesday the vote on the government’s proposed budget until the end of Eid Adha break, the House spokesman Abdullah Blehaq announced.

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The Ras Lanuf Oil and Gas Company has resumed production in the Polyethylene Plant after a year and half of closure, announced the National Oil Corporation (NOC) on Tuesday.

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Oil Minister Mohamed Aoun told British ambassador Nicholas Hopton on Monday that his ministry is the political face front for any cooperation with British oil companies, according to a statement by the oil ministry. The minister added that the National Oil Corporation (NOC) and its subsidiaries are concerned with the technical aspect of running the ministry’s activities.

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Oil Minister Mohamed Aoun and officials of the National Oil Corporation (NOC) inspected the work progress of the Sirte Oil Company, during their visit to the Marsa Brega oilfields on Sunday.

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The Interim National Unity Government in Libya announced that it closed its land and sea borders with Tunisia, after the epidemiological situation worsened in the neighboring country. This coincides with the Tunisian government’s announcement of the collapse of the country’s health system and its inability to control the epidemic.

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Deloitte has finalized its audit review of the eastern and western branches of the Central Bank of Libya (CBL). A report of the review, which addresses a number of financial issues, was submitted to the Libyan government on Wednesday.

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Parliament Member, Abdel Salam Nassiya, said the Libyan people have the right to see the international review report of the Central Bank of Libya (CBL).
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Abdel Hamid Dbiebeh, Prime Minister of the Government of National Unity, called Thursday on the Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, and his deputy, Ali al-Hibri, to discard differences, whatever they were, and to think of a new stage in which all administrative bodies in the country would be unified.
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