World News: Political News
Presidency Council Hold Consultations on Formation of Anticipated New Cabinet.
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Tripoli, 18 December 2016(Lana) The Presidency Council of the Government of National Accord has discussed at an ordinary meeting in Tripoli formation of the an anticipated new government and the mechanism for naming ministers and undersecretaries of the GNA as well as the 2017 budget. The meeting dealt with the latest development in the liquidity problem, the dinar exchange rate, as well as assessment of what has been agreed with the Central Bank of Libya regarding alleviating the acute financial and economic problems. =... Read more
Pumping of Oil From Wahat Fields Resumed.
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Jalou, 18 December 2016(Lana) Dozens of oil fields in the Wahat region namely Jalou, Oujala, Jkhira and Marada have resumed production and pumping of crude and gas to export terminals. Operation engineers said the resumption of production and export would boost the oil industry and indeed the country's economy and help bring back foreign companies after the maintenance work is finished. Production from national and foreign wells in the region constitute more than 70% of Libya's oil production capacity or approximately 1 million bpd. The fields have not been subjected... Read more
Al Ibrahimi Appeals to Libyans to Resolve Their Problems Their own Rejecting foreign Intervention.
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Algiers, 17 December 2016(Lana) The Algerian diplomat and former Foreign Minister Al Akhdar Al Ibrahimi has expressed his concern over the situation in Libya, urging Libyans to resolve their problems their own. In an interview with the Algerian News Agency on Friday, Al Ibrahimi said 'there is no alternative to national attempt, and Libyans have to find solutions themselves. He described what is going on in Libya 'a catastrophe with all sense of the word, a tragedy and injustice imposed on innocent people.' Al Ibrahimi, who was UN Envoy to Afghanistan, Iraq and other ... Read more
Belgian Police Dismantle Group Smuggling Arms to Libya.
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Brussels, 17 December 2016(Lana) Belgian police have succeeded in dismantling a network engaged in smuggling weapons and military hardware to Libya in a Brussels area. The Federal Prosecution announced in a statement on Wednesday that the Police storming of the area was in response to an order from the investigation Judge in connection with investigation of activities of money laundering and arms smuggling to Libya by companies based in the UAE, the US, Niger and Belgium. The statement said the activities were in violation of weapons legislation and the embargo imposed... Read more
Sun'allah : Libya's Oil Production Reaches 600000 BPD.
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Tripoli, 17 December 2016(Lana) The Head of the Libyan National Oil Company Mustafa Sunallah said Libya's oil production has reached 600000 bpd, saying he expected production to increase to 900000, after the reopening of the Al Fil and Sharara pipeline valves once the money for maintenance of equipment and loading lines. Sun'allah said in press statements production standards could reach 1.2 million barrels a day in 2017 once all fields and terminals operate normally. =... Read more