World News: Political News
British Embassy Welcomes 5+5 Joint Military Committee Meeting on Libya.
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Tripoli, 6 February 2020(Lana) British Embassy has welcomed participation by parties to the conflict in Libya into the UN sponsored 5+5 meeting in Geneva. the Embassy said in statements 'it is necessary that the two sides make real efforts to build a permanent ceasefire and support the UN-backed political process.' The UN Envoy to Libya told reporters in Geneva on Wednesday he was working to turn what he described as a fragile truce into a permanent ceasefire, and bring about understandings on political solutions that can be applicable on the ground. =... Read more
British Embassy Welcomes 5+5 Joint Military Committee Meeting on Libya.
Pulbished on:
Tripoli, 6 February 2020(Lana) British Embassy has welcomed participation by parties to the conflict in Libya into the UN sponsored 5+5 meeting in Geneva. the Embassy said in statements 'it is necessary that the two sides make real efforts to build a permanent ceasefire and support the UN-backed political process. The UN Envoy to Libya told reporters in Geneva on Wednesday he was working to turn what he described as a fragile truce into a permanent ceasefire, and bring about understandings on political solutions that can be applicable on the ground. =... Read more
NOC: Losses Caused by Oil Exports Closure Exceeded $931 Million.
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Tripoli, 6 February 2020(Lana) The National Oil Company has said that losses incurred from closure of oil fields and terminals have exceeded $931 million. Oil production has plunged to 187.337 bpd as a result of the closure, it said. In a statement it issued on repercussions of the oil closure, NOC said reservoirs in Tripoli and surrounding areas suffer shortages of supply as a result of deterioration of the security situation, while fuel supplies were available in the central and eastern regions. The NOC for prompt re-opening the oil exports, indicating that ... Read more
Salama: Deployment of European Mission to Monitor Ceasefire to be Taken by Libyans.
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Geneva, 6 February 2020(Lana) UN Special Envoy to Libya Ghasan Salama said deployment of a European mission to monitor ceasefire in Libya was a decision for Libyan to take. 'The issue of the European monitor mission will be discussed this week, Salama said earlier on Tuesday following start of the military and security track of the negotiations between parties to the conflict in Libya. The UN Envoy said representatives at the 5+5 meeting have agreed to the need to turn the truce into a permanent ceasefire, indicating that the goal of the talks in Geneva was to listen... Read more
African Development Bank: Libya's Economy Susceptible to Shocks With Floundering Diversification Plans.
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Tripoli, 4 February 2020(Lana) The African Development Bank said Libya's economy could see shocks as a result of floundering plans for diversification, as economy depends by 96% on oil exports. In its report on economic outlook in Africa 2020 issued on Monday, the Bank said Libyan economic growth in 2020 depended on increasing oil production, indicating that floundering diversification plans and Government dependence on oil exports for its budget, cause the country to face shocks in the future. On future economic prospects, the Bank noted slow of gross domestic product by... Read more