Browsing: Libya

Libya’s National Oil Corporation (NOC) and Italy’s Eni signed on Sunday an extension of the security management system for the memorandum of understanding between the two oil firms, according to a statement by NOC.

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Moscow hopes that Libya’s new cabinet of ministers led by Fathi Bashagha will be able to unify the Libyan society, according to the Monday commentary by Russian Foreign Ministry Spokeswoman Maria Zakharova with regards to the approval of Bashaga as Libya’s new prime minister.

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Oil prices were steady on Monday after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top oil producers.

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