Local News: Economic News
Abdul-Sadig meets with ExxonMobil delegation.
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Washington, April 26, 2025 (LANA) – The Minister of Oil and Gas in the Government of National Unity, Khalifa Rajab Abdul-Sadig, met today, Saturday, with a delegation from ExxonMobil, on the sidelines of the 2025 Annual Meetings of the International Monetary Fund and the World Bank Group in Washington.The ministry stated, via its official Facebook page, that the meeting included the company's Vice President for International Government Relations for the Middle East, North Africa, and the... Read more
Ministry of Economy: Imported goods tax proposal was studied at the request of owners of national factories.
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Tripoli, April 23, 2025 (LANA) - The Ministry of Economy and Trade of the Government of National Unity stated, that what has been circulating on social media regarding the imposition of a consumption tax on imported goods is merely a proposal that was studied at the request of a number of owners of national factories, within the framework of protecting Libyan industry and local products from the phenomenon of dumping.The ministry clarified in a statement issued on Wednesday that this proposal... Read more
CBL Governor and his Deputy meet with directors of the Central Bank's departments in Tripoli and Benghazi.
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Benghazi - April 18, 2025 (LANA) - The Governor of the Central Bank of Libya, Naji Mohammed Issa, and his Deputy, Marai Muftah Al-Barassi, held a meeting yesterday evening, Thursday, with the directors of the Central Bank of Libya's departments in Tripoli and Benghazi, at the Central Bank's headquarters in Benghazi.The Central Bank of Libya stated that the meeting discussed the progress of work according to the unified framework, as well as the preparations of the branch issuance departments... Read more
NOC discusses cooperation in energy production and related services in London.
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London, April 8, 2025 (LANA) - Chairman of the National Oil Corporation (NOC), Masoud Sulaiman, discussed cooperation in energy production and related services with the heads and representatives of several oil and energy companies from around the world, led by the American company ExxonMobil.The NOC's media office stated that the meetings took place on the sidelines of the third phase of the public bidding round, which the corporation organized yesterday morning, Monday, in the British, ... Read more
After a seven-year hiatus, Sirt Oil and Gas Company restarts its second methanol plant.
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Sirt, March 31, 2025 (LANA) - The technical teams of the Sirt Oil and Gas Company for Production and Processing succeeded in restarting the second methanol plant after a hiatus of more than seven years. Actual production began after the installation of a natural gas heater was completed.The company's technical teams are working around the clock to restart the first methanol plant, including overhaul work, the installation of thermal softener pipes, and the modernization of the control system.... Read more
