Local News: Economic News
Minister of Oil discusses with the Weatherford company arrangements for returning to work in Libya.
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Tripoli, 7 May 2025 (Lana): Minister of Oil and Gas Khalifa Abdul-Sadiq discussed with a delegation from the American company Weatherford yesterday the executive steps for the company's resumption of operations and its work in developing the oil and gas sector in Libya.The head of the delegation, Deputy CEO Richard Ward, confirmed that the company is already working to return to operations in Libya, noting that it has begun preparing the administrative headquarters and the field site in... Read more
Abdul-Sadig meets with ExxonMobil delegation.
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Washington, April 26, 2025 (LANA) – The Minister of Oil and Gas in the Government of National Unity, Khalifa Rajab Abdul-Sadig, met today, Saturday, with a delegation from ExxonMobil, on the sidelines of the 2025 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington.The ministry stated, via its official Facebook page, that the meeting included the company's Vice President for International Government Relations for the Middle East, North Africa, and the... Read more
Ministry of Economy: Imported goods tax proposal was studied at the request of owners of national factories.
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Tripoli, April 23, 2025 (LANA) - The Ministry of Economy and Trade of the Government of National Unity stated, that what has been circulating on social media regarding the imposition of a consumption tax on imported goods is merely a proposal that was studied at the request of a number of owners of national factories, within the framework of protecting Libyan industry and local products from the phenomenon of dumping.The ministry clarified in a statement issued on Wednesday that this proposal... Read more
CBL Governor and his Deputy meet with directors of the Central Bank's departments in Tripoli and Benghazi.
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Benghazi - April 18, 2025 (LANA) - The Governor of the Central Bank of Libya, Naji Mohammed Issa, and his Deputy, Marai Muftah Al-Barassi, held a meeting yesterday evening, Thursday, with the directors of the Central Bank of Libya's departments in Tripoli and Benghazi, at the Central Bank's headquarters in Benghazi.The Central Bank of Libya stated that the meeting discussed the progress of work according to the unified framework, as well as the preparations of the branch issuance departments... Read more
NOC discusses cooperation in energy production and related services in London.
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London, April 8, 2025 (LANA) - Chairman of the National Oil Corporation (NOC), Masoud Sulaiman, discussed cooperation in energy production and related services with the heads and representatives of several oil and energy companies from around the world, led by the American company ExxonMobil.The NOC's media office stated that the meetings took place on the sidelines of the third phase of the public bidding round, which the corporation organized yesterday morning, Monday, in the British, ... Read more
