Local News: Economic News
The National Oil Corporation announces the state of force majeure on the port of Zueitina, and warns of the effects of the closures at the time of the surge in oil and gas prices, with expansion.
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Tripoli, April 18, 2022 AD (WAL) - The National Oil Corporation issued warnings of the negative effects and losses that would be inflicted on the oil and energy sector in particular, and in Libya in general. This led to (The consequences of being drawn into calls that do not serve the interests of the country and the citizen, and calling for the importance of neutralizing the oil sector, avoiding the political conflicts taking place in the country, and benefiting from the current oil price boom).And the warnings published on the... Read more
Minister of Oil expresses his regret for not involving the Ministry in the stages of preparing the oil sector development plan launched by the Government of National Unity.
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Tripoli, April 15, 2022 (LANA) - The Minister of Oil and Gas in the Government of National Unity, Mohamed Aoun, expressed his regret for not involving the ministry in any stage of preparing the national plan for the development of the oil and gas sector launched by the Government of National Unity. Aoun said in media statements that the Ministry of Oil and Gas did not mention its name in the plan, although it is competent to supervise and monitor the Oil Corporation according to the text of the laws, especially with regard to... Read more
The General Authority for Investment Promotion signs a memorandum of understanding with the Casablanca Finance Corporation.
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Tripoli, April 13, 2022 (LANA) - The General Authority for Investment Promotion and Privatization Affairs signed a memorandum of understanding with the Financial Pole Authority in Casablanca in the Kingdom of Morocco, through the zoom technique, in the framework of enhancing cooperation in the fields of investment and trade. The memorandum of understanding provides for the exchange of information and data on investment opportunities in Africa and Europe, according to what was published by the authority on its official page on... Read more
Al-Kabeer reviews, in his meeting with the German ambassador, the process of unifying the Central Bank.
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Tripoli, April 13, 2022 (LANA) - The Governor of the Central Bank of Libya, "Seddik Al-Kabeer," met today, Wednesday, in Tripoli, with the German ambassador to Libya, "Michael Unmacht." The bank stated on its website that the meeting dealt with many issues of common interest, including a review of the developments in the unification process of the Central Bank. The impact of the repercussions of the war in Ukraine and its repercussions on the increase in commodity prices in global markets was... Read more
Sanalla confirms the possibility of Libya returning to produce 3 million barrels per day
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Tripoli, April 11, 2022 (LANA) - The head of the National Oil Corporation, "Mustafa Sanalla," stressed the importance of the oil sector, as it plays a key role in the stability of Libya, and one of the steadfast sectors despite all previous circumstances. In a speech during his meeting with the heads of all sector companies in Tripoli, Sanalla indicated that the stage requires holding intensive meetings, and that the administration has formed several committees to follow up on the companies' work and identify weaknesses... Read more
