Local News: Economic News
South Refinery contract Signed between Zallaf Libya and US Honeywell consortium.
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Tripoli, March 26, 2023 (LANA) - The first contracts for the construction of a refinery in the south were signed in Tripoli, Sunday, between the Zallaf Libya Company for Oil and Gas Exploration and Production, and the American Honeywell-UOP consortium. Zallaf Libya stated that this contract stipulates that "Honey Well - UOP" will carry out primary engineering work for the refining units and grant technical licenses for the licensed units. The company... Read more
The Ministry of Economy is considering launching the daily bulletin of the movement of commodity prices in the local market.
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Tripoli, March 16, 2023 (LANA) - The Minister of Economy and Trade, "Mohammed Al-Hawij," met today, Thursday, with the Chairman of the Board of Directors of the Libya Trade Network, "Mohamed Al-Dawreesh," and the Executive Director of the network, "Haitham Musbah," to follow up on the executive position of the programs and projects of the Libya Trade Network. The meeting, which was held at the Ministry's office, discussed the readiness to launch the daily bulletin of the movement of commodity prices in the local market... Read more
Al-Hawij discusses enhancing aspects of economic and commercial cooperation with Spain.
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Tripoli, March 15, 2023 (LANA) - The Minister of Economy and Trade, "Mohammed Al-Hawij," discussed with the Spanish Ambassador to Libya, "Javier García," aspects of economic and commercial cooperation between the two countries and ways to enhance and develop them.This came during a meeting held on Tuesday at the headquarters of the ministry's office in Tripoli, in the presence of the Libyan ambassador to Spain, Walid Bouabdallah.Al-Hawij stressed the need to activate the agreements and... Read more
The Continuing of meetings of the Libyan institutions with the International Monetary Fund.
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Tunisia, March 13, 2023 (LANA) - The second meeting of Article 4 consultations of the International Monetary Fund agreement with the Central Bank of Libya and Libyan ministries and institutions was held today, Monday, in the Tunisian capital.The Central Bank of Libya reported on its Facebook account that today's meeting was held in the presence of the International Monetary Fund team, the Central Bank of Libya team, the ministries of finance, economy, planning, the Libyan Audit Bureau, the National Oil Corporation, and the... Read more
Bin Qadara confirms NOC to increase production and establish new relations.
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Houston, March 9, 2023 (Lana) - Chairman of the Board of Directors of the National Oil Corporation, Farhat bin Qadara, has reaffirmed NOC keen interest to increase production, build capabilities, and establish new relations with global partners, in a way that guarantees the interests of Libya and its partners in the field of energy. Bin Qadara said during his participation in the World Energy Conference held in the American city of Houston that Libya possesses, along with five... Read more
