Local News: Economic News
The Internal Security Service dismantles a terrorist organization that planned to target military and security sites.
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Tripoli, March 30, 2025 (LANA) - The Internal Security Service announced on Sunday that it had successfully dismantled a banned terrorist organization that was planning to carry out a series of subversive operations in the country.The service said in a statement that the organization, which used a false code name to mislead and recruit others, adopted inflammatory propaganda methods aimed at attracting new members to its ranks through publications imbued with extremist ideology.It explained... Read more
Akakus Oil Operations announces the completion of drilling a new well in the Sharara field.
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Tripoli, 10 March 2025 (Lana): Akakus Oil Operations Company announced yesterday the completion of drilling the new well (B-52H) in the Sharara field.The company explained on its Facebook page that the daily production of the well reaches 1750 barrels as part of its development plan.=... Read more
Announcement in Tripoli of the launch of the public bid round for exploration at the NOC.
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Tripoli, 4 March 2025 (Lana) The launch of the Public Bid Round for exploration at the National Oil Corporation (NOC) was announced in Tripoli yesterday, after a 17-year hiatus, in the presence of the Prime Minister of the Government of National Unity (GNU), Abdul Hamid Dabaiba.The government's media office quoted the Prime Minister's remark during the announcement, confirming that this round represents a clear message that Libya is ready to open up to international companies within a... Read more
Brazil announces an increase in exports to Libya.
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São Paulo, 3 March 2025 (Lana) — The Brazilian Ministry of Development, Industry, Trade, and Services announced that the Brazilian exports to Libya grossed USD 60.2 million in January this year, up 22.3% from the USD 49.2 million worth of exports to the Arab country in the same month last year, according to the Brazil-Arab News Agency.The agency stated that the top product exported to Libya in January was beef, totaling USD 16.4 million, up 112.9% from USD 7.7 million in January... Read more
After a ten-year hiatus: Resumption of work in the Sabah oil field through the first well, G18.
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Tripoli, 23 February 2025 (Lana) Zueitina Oil Company has succeeded in returning the first production well from the Sabah field to work again after a ten-year hiatus due to sabotage in 2015, which put this field out of service.The National Oil Corporation stated that the well's production capacity is about 600 barrels of oil per day, which is transported by mobile tankers to the Zalla field, which is about 90 kilometers away from the Sabah oil field, and the first shipment of production... Read more
