Local News: Economic News
Minister of Economy and Trade discusses the mechanism of activating the four agreements with the Egyptian Minister of Trade and Industry.
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Cairo, February 12, 2022 (LANA) - The Minister of Economy and Trade, "Mohamed Al-Hweij", discussed with the Minister of Trade and Industry in Egypt, "Neven Gamea", the mechanism for activating the four freedom agreements concluded between the two countries. The meeting, which was held in Cairo on Thursday, discussed ways to support the technical committees, enhance cooperation in the fields of economy and investment, raise the level of trade exchange and facilitate the movement of goods. The... Read more
Libyan Iron and Steel Company inaugurates Sodium Silicate factory.
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Tripoli, 20 January, 2022 (Lana) - The Libyan Iron and Steel Company inaugurated a factory for dissolving “sodium silicate”, which is used in the cold molding unit of the direct reduction plant, as an advanced step towards further progress and development in this field. The company explained that the factory comes in partnership with the private sector represented by the Horizon Chemical Industries Company, which will implement the obligations of the contract terms, including... Read more
Minister of Oil and Gas announces recovery of oil production by reopening ports of the East.
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Tripoli, 16 January, 2022 (Lana) - Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, made statements about the recovery of Libyan oil production once again after the end of the siege imposed on the fields in the west and southwest of the country, and the reopening of ports in the east of the country.Mohamed Aoun told Bloomberg News that Libya's production amounted to about 1.2 million barrels per day, indicating that this was the normal level before the round... Read more
The Governmental Expert Group on the Mechanism of the United Nations Convention Against Corruption holds its first meeting for the year 2022.
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Tripoli, January 15, 2022 (LANA) - The first meeting of the governmental expert group on the mechanism of the United Nations Convention against Corruption was held at the headquarters of the National Anti-Corruption Authority yesterday, Wednesday.The meeting was attended by the deputy head of the expert team and members of the team consisting of experts from the National Anti-Corruption Authority, experts from the sovereign oversight bodies and the relevant authorities represented in the Administrative Control Authority, the... Read more
Schlumberger and Sirte review joint ventures in the oil and gas sectors.
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Tripoli, January 15, 2022 (LANA) - The Chairman of the Board of Directors of the Sirte Oil and Gas Production and Processing Company, Abdullah Ashwaqi, reviewed with a delegation from Schlumberger the joint future business, technology transfer and localization internally, and drawing clear lines of joint work between the two companies.The Schlumberger delegation included "Mustafa Ajaj", the company's general manager in Libya, the director of the Benghazi branch, "Siraj Bousnina", the director of integrated projects, "... Read more