Local News: Economic News
Al-Huwaij meets with Secretary-General of the German Chamber of Commerce.
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Tripoli, January 8, 2025 (LANA) - The Minister of Economy and Trade in the Government of National Unity, "Mohammed Al-Huwaij", followed up today, Wednesday, with the Secretary-General of the Arab-German Chamber of Commerce and Industry, "Abdul Aziz Al-Mikhlafi", the ongoing preparations for holding the fourth Libyan-German Economic Forum in the capital, Tripoli, next May.The media office of the ministry stated, that the meeting discussed capacity building, which aims to develop the... Read more
NOC announces that daily production reached 1,405,609 barrels.
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Tripoli, 26 December 2024 (Lana) National Oil Corporation (NOC) announced that daily production of crude oil reached 1,405,609 barrels and 52,633 barrels of condensates.The corporation confirmed in a statement that it is moving forward to achieve double figures for this number during the coming year and the following year, and it is hopeful for more positive results after launching the public bidding round for exploration and sharing of oil and gas production, which will open large... Read more
Discussing joint cooperation between NOC and SONATRACH Company.
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Tripoli, 23 December 2024 (Lana)—Meetings of the Joint Steering Committee between the National Oil Corporation (NOC) and the SONATRACH Algerian Company began yesterday at the headquarters of the NOC in Tripoli. The meetings, which are held over two days, were attended by the member of the Board of Directors of the Corporation and Chairman of the Committee on the Libyan side, Hussein Safar, and the Chairman of the Committee on the Algerian side, Youssef Khanfar, and members of the committee and... Read more
Bloomberg: The increase in Libyan oil production is its highest level since last July.
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Tripoli, 4 December 2024 (Lana) -Following the reopening of the Sharara oil field in October, Libyan oil production rose by almost 110,000 barrels to 1.14 million barrels per day, the highest level since last July, according to Bloomberg Agency.Bloomberg stated in a report that OPEC pumped more than 27 million barrels per day of crude in November, an increase of 120,000 barrels from October, after Libya restored its disrupted production. It also confirmed that Libya accounted for most of the... Read more
One Million Dinars for Each Transfer.. A New Service for Companies Launched by the Central Bank of Libya
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01 December 2024 (LANA) - The Central Bank of Libya announced, on Sunday, the launch of a new service for transfers between companies with a ceiling of one million dinars per transfer.The bank said, in a statement, that the launch of the service comes within the framework of expanding electronic payment services according to the plan prepared by the bank in this regard.The Central Bank of Libya raised the ceilings for immediate payment at the level of individuals and merchants to 20,000... Read more
