Libya’s Audit Bureau has called on outgoing prime minister, Abdul Hamid Dbeibeh, to take “necessary measures” to address excessive employment in the public sector
Browsing: Business
Libyan National Oil Corporation (NOC) said Sunday gas production at the al-Farigh field of Waha Oil Company increased to reach 149 million cubic feet per day.
Libya’s oil production has reached 1 million and 211 thousand barrels per day as of the last 24 hours, announced the National Oil Corporation (NOC) on Sunday.
The Ministry of Social Affairs, affiliated with the government of Abdul Hamid Dbeibeh, is preparing to disburse another installment of handouts for young people under the age of eighteen.
Libya’s oil production declined on Friday by about 6000 barrels per day from the production on Wednesday and Thursday, as the National Oil Corporation (NOC) said the crude oil production rates amounted to one million and 207 thousand barrels, while the production of condensate reached 52 thousand barrels.
The outgoing Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, said on Wednesday that the Libyan economy was “liberalized in some aspects” following 2011 civil war, but he viewed that “this liberalization was not regulated.”
Libya’s Waha Oil Company announced last Wednesday the restart of production operations at the Dahra oilfield in the Sirte Basin, which has been shut down since 2015 due to an ISIS attack.
Chairman of the Libyan National Oil Corporation (NOC), Farhat bengdara, has appointed Mohamed al-Fantari as chairman of Sirte Oil and Gas Company.
Libya’s electricity generation capacity has reached 5,900 megawatts, while the gap between supply and demand has narrowed, said the General Electricity Company of Libya (GECOL) on Friday.
Libya’s outgoing prime minister Abdul Hamid Dbeibeh announced on Friday several initiatives in support of the country’s youth including real-estate grants and disbursement of one billion dinars for marriage fund.