Local News: Economic News
Al-Waha Oil Company announces the maintenance of 51 oil wells, including wells that were closed for a long time.
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Tripoli, February 8, 2023 (LANA) – Al-Waha Oil Company announced today, Wednesday, the maintenance of (51) oil wells in its various fields, including (31) wells that were closed for a long time due to technical and reservoir problems.The company stated on its Facebook page that the production achieved from recovering closed wells amounted to 5,400 barrels per day, while the added production from maintaining and improving the production of wells amounted to 9,250 barrels per day.Al-Waha... Read more
Adel Jumaa: (93.6) billion dinars, the total expenditure of the government of national unity in 2022
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Tripoli, February 7, 2023 (LANA) - The Government of National Unity announced today, Tuesday, that total government spending during the past year 2022 amounted to about (93.6) billion Libyan dinars.This came in the words of the Minister of State for Cabinet Affairs, Adel Jumaa, during a symposium organized by the government in Tripoli, to reveal government expenditures and expenditures of the Libyan state during the past year within the framework of the disclosure and transparency program announced by its President Abdel Hamid... Read more
Al-Siddik Al-Kabeer stresses need for disclosure and transparency in expenditure related to oil sector.
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Tripoli, February 5, 2023 (LANA) - Al-Siddiq Al-Kabeer, Governor of the Central Bank of Libya, has stressed the need to continue the programme of disclosure and transparency of all expenditures related to the oil sector. According to central bank's sources, Al-Kabeer reaffirmed, during a forum to support the oil and gas sector held yesterday in Istanbul, the central bank's keen interest to support the oil and gas sector and support the efforts of the National Oil... Read more
Ministry of Economy follows up arrangements for second session of Made in Algeria exhibition.
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Tripoli, January 31, 2023 (Lana) - Ministry of Economy and Trade of the Government of National Unity is following up the arrangements for launching the activities of the second session of the “Made in Algeria” exhibition in support of trade and economic exchange between the two countries.Undersecretary of the Ministry Saad Al-Haneish discussed with the Executive Director of the Bright Palm Company for Organizing Exhibitions, Abdul Latif Al-Sid, the... Read more
Ministry of Economy discusses encouraging private sector activity to contribute to food and drug security.
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Tripoli, January 29, 2023 (LANA) - Minister of Economy and Trade, Mohammed Al-Hawij, held a meeting that included heads of the councils of the Chambers of Commerce, Industry and Agriculture, Chairperson of Business Owners Council, the Executive Director of the Libyan Industry Federation, and the head of farmers union, in the presence of the Undersecretaries of the Ministry, in order to develop a vision to encourage private sector activity to ensure the development of the economy, and contriobut to food and drug security.;... Read more
