Local News: General News
GNU Ministry of Finance welcomes lifting of force majeure on oil fields and terminals.
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Tripoli, 16 July 2022 (Lana) The Ministry of Finance welcomed the Government of National Unity has welcomed announcement by the National Oil Corporation on Friday of lifting the force majeure on oil fields and terminals and to resume production and shipping of crude oil and gas. The Ministry explained, in a statement posted on its official SMS page that the lifting of force majeure contributes to the collection of revenues, to cover salaries and other expenses,... Read more
Libya on agenda of US Secretary of Defense and his Italian counterpart in Washington.
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Washington, 15 July, 2022 (Lana) - US Secretary of Defense, Lloyd Austin met Thursday in Washington, Italian Defense Minister, Lorenzo Guerini, who is currently visiting the United States.During the meeting, the two sides discussed defense industrial cooperation and Italy's broad contributions to international security, including Kosovo, Libya, Romania, Niger, Djibouti, Lebanon and many other locations in Europe and Africa. They also discussed important issues affecting the Mediterranean region and Africa, as well as exchanging views... Read more
Minister of Finance and NOC Chairman discuss a plan to develop and increase oil production rates.
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Tripoli, 15 July, 2022 (Lana) - Minister of Finance, Khaled Al-Mabrouk met with Chairman of National Oil Corporation, Farhat bin Qadara, Thursday, at the headquarters of the Ministry of Finance in Tripoli.Al-Mabrouk congratulated the new Chairman of NOC on assuming his duties in managing the Corporation for this stage. The meeting also dealt with some topics of interest to the oil sector, including the decision of the Council of Ministers to adopt temporary financial arrangements for the Corporation, as well as follow-up to increasing... Read more
US Ambassador on developments taking place at the National Oil Corporation, asks, will Libyan leaders realize that these developments demonstrate urgent need for political will to reach a compromise, and prepare for reconciliation and elections?
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Tripoli, 14 July 2022 (Lana) U.S Ambassador and Special Envoy to Libya Richard Norland said that "the decision to change the board of directors of the National Oil Corporation may be challenged in court, "but the issue must not develop into an armed confrontation." Norland said Thursday in a series of tweets posted by the U.S. Embassy on its Twitter account, that he is following "with great concern" developments surrounding the institution, "which are vital to Libya's... Read more
Ben Gddara: One of the priorities of the management of the Corporation is activation of governance systems and commitment to implementation of Libyan oil law.
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Tripoli, 14 July 2022 (Lana) The newly-appointed Chairman of the Board of Directors of the National Oil Corporation (NPC) Farhat Bin Gddara asserted that one of the priorities of the Corporation's management will be the activation of governance systems and commitment to the implementation of the Libyan oil law, which defines relations with international institutions. "We will work with the highest standards of transparency by disclosing revenues, the way they are... Read more