Federation of Libyan Chambers of Commerce, Industry and Agriculture and its Emirati counterpart agreed to enhance trade cooperation and establish joint investment projects, according to the Libyan Ministry of Economy and Trade.
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Muhammad Al-Raidh, chairman of the Federation of Chambers of Commerce and Industry (FCCI), held talks with the Turkish Ambassador to Libya, Kanaan Yilmaz, to discuss ways to enhance trade and investment cooperation, according to a statement by the FCCI.
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The American company Infinera and Libya’s Hatif signed a contract on Monday for a project to upgrade Libya’s telecommunications fiber optic network, during a ceremony that took place in Tripoli, according to a statement released by the U.S. Embassy in Libya.
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The oil services company Schlumberger intends to drill 13 exploration wells off the coast of Libya, as part of the expansion and development of its activities that the international company is conducting in the Libyan territories, according to a press report.
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Libyan Oil Minister Mohamed Aoun participated in the 19th ministerial meeting of OPEC+, which took place virtually on Sunday, according to a statement by the oil ministry.
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Informed sources confirmed that the Governor of the Central Bank of Libya (CBL), Siddiq Al-Kabir, had been seeking for some time to open the file of compensation for Turkish companies without even requiring them to resume work in exchange for successive compensation payments.
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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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