Local News: Economic News
Tetteh: The value of the Libyan dinar has deteriorated.
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New York, June 24, 2025 (LANA) - The UN envoy to Libya, Hannah Tetteh, said that the value of the Libyan dinar has deteriorated over the past period and that a unified budget has not been reached, placing significant pressure on the Central Bank of Libya.During her regular briefing to the UN Security Council on Tuesday, Tetteh stressed that the lack of agreement on the budget and the ongoing division threaten the already unstable security situation. Tetteh... Read more
Minister of Oil and Gas meets with US Chargé d'Affaires.
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Tripoli, June 19, 2025 (LANA) – The Minister of Oil and Gas in the Government of National Unity, Khalifa Abdul Sadiq, discussed today, Wednesday, in Tripoli, with the Chargé d'Affaires of the United States Embassy in Libya, Jeremy Brent, ways to enhance bilateral cooperation in the energy sector.During the meeting, the two sides discussed prospects for developing partnerships with American companies operating in the oil, gas, and energy sectors, in addition to the possibility of expanding... Read more
Head of the European Mission meets with Naji Issa.
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Tripoli, June 18, 2025 (LANA) - The Governor of the Central Bank, Naji Issa, discussed yesterday, Tuesday, in Tripoli, with the Head of the European Union Delegation to Libya, Ambassador Nicola Orlando, the challenges facing the Libyan economy and the urgent need to stabilize the currency and contain inflation in light of rising public spending, according to the latter's statement.Ambassador Orlando said in a tweet published by the European Union Delegation on its page on the X platform: "We... Read more
CBL Governor meets with NOC chairman.
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Tripoli, June 17, 2025 (LANA) – The Governor of the Central Bank of Libya (CBL), Naji Issa, discussed with the Chairman of the National Oil Corporation (NOC), Masoud Suleiman, on Tuesday at his office in Tripoli, the ongoing cooperation and coordination between the two institutions to support the oil sector, as it is the main source of national income and a fundamental pillar of the national economy.The meeting addressed the financial arrangements supporting the CBL's plans to increase oil... Read more
NOC revealed discussions with a German company.
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Tripoli, June 16, 2025 (LANA) – The National Oil Corporation (NOC) revealed that discussions have been held with the German company Everlens regarding advanced technology to enhance gas production from offshore platforms.The NOC explained that the Maintenance Engineering and Small Projects Department at the Corporation held an expanded meeting today, Monday, at the Corporation's headquarters in Tripoli with officials from the German company Everlens, Switzerland branch, formerly known as MAN... Read more
