Local News: Political News
The Central Bank reveals the value of letters of credit and remittances in January and February
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Tripoli, February 24, 2026 (LANA) – The Central Bank of Libya issued a statement on Monday detailing the disbursement of $3.6 billion in letters of credit and remittances for various purposes, including personal transfers, for the period from January 1 to February 23, 2026.The bank indicated that it had approved approximately $1.5 billion in new letters of credit for all goods and services during February.The bank also reported that the personal transfer system remains operational, noting... Read more
The Competition Council calls on the Audit Bureau to conduct a comprehensive review of fuel import contracts
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Tripoli, February 23, 2026 (LANA) – The Competition and Anti-Monopoly Council addressed the head of the Audit Bureau, requesting an urgent and comprehensive audit of fuel supply and distribution chains and energy subsidy mechanisms. This request stems from indications of competitive distortions that have harmed consumers and negatively impacted market efficiency and the national economy.In a statement issued by its chairman, Salama Al-Ghawil, the Council explained that published estimates indicate the energy subsidy bill will... Read more
Fuel smuggling attempt foiled and four-wheel drive vehicles seized in Kufra
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Benghazi, February 22, 2026 (LANA) – The Anti-Illegal Immigration Agency announced the thwarting of an attempt to smuggle gasoline to neighboring countries and the seizure of four-wheel-drive vehicles in the city of Kufra.The agency stated through its media office that desert patrols, while combing suspicious roads and routes, successfully detected an attempt to smuggle gasoline to neighboring countries. Two Toyota four-wheel-drive vehicles (a Tundra and an Isuzu) were seized as they attempted to flee the.... Read more
The Sinawen oil field in the Nalut region has been restarted after a shutdown of more than three years
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Tripoli, February 22, 2026 (LANA) – The National Oil Corporation (NOC) announced today the resumption of production at the Sinawen oil field in the Nalut region, after a shutdown of more than three and a half years due to financial and technical difficulties related to shipping operations via the pipeline extending to the Mellitah Industrial Complex.In a statement, the NOC said that the Arabian Gulf Oil Company (AGOCO) has begun gradually restarting the field after completing the necessary maintenance and addressing... Read more
The Central Bank of Libya announces the date for the fifth subscription for the year 2026 in unrestricted speculative deposit certificates.
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Tripoli, February 22, 2026 (LANA) – The Central Bank of Libya announced its invitation to commercial banks to subscribe to issue number (5-2026) of unrestricted speculative deposit certificates, in accordance with the procedures and controls followed in previous issues, and according to the terms and maturity dates specified in the subscription announcement.The bank affirmed that the subscription will be implemented in an organized and transparent manner, with full adherence to the approved terms and procedures. This will... Read more
