Local News: Economic News
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
Libya and Italy discuss strengthening cooperation in the energy area.
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Tripoli 28 November 2024 (Lana) Acting GNU-Minister of Oil and Gas, Khalifa Abdul Sadiq, discussed yesterday with the Italian Minister of Energy, Gilberto Pichetto Fratin, ways of strengthening cooperation in the areas of energy and renewable energies. The communication office of the ministry stated that the meeting discussed ways of cooperation in the areas of training and scientific research to enhance local capabilities in the energy area. The two parties... Read more
Sirte Company completes drilling development well E120.
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Tripoli, 3 November 2024 (Lana): Sirte Oil and Gas Company announced the completion of drilling the development well E120 in contractual area 20 in the Raqouba field as part of the first phase of development drilling. The National Oil Corporation said on its official page that the evaluation conducted for the well on Friday showed promising results with a normal flow of 900 barrels of oil per day, noting that these remarkable developments are in line with the company's goal to increase its... Read more
Akakus increases its oil production by 10.000 barrels per day.
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Tripoli, 28 October 2024 (Lana): Akakus Oil Operations Company increased its daily oil production rate by 10,000 barrels as part of the National Oil Corporation’s (NOC) strategic plan to increase production. The corporation said that the production rate at the company’s Sharara field reached 284,616 barrels per day. The Sharara field, located in the Murzuq Basin in southern Libya, is one of the largest fields in Libya, with a production capacity of 300,000... Read more
