Tuesday, July 1, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Al-Mnifi Discusses Libya’s Oil Sector Issues with Aoun

January 10, 2022
Share on FacebookShare on Twitter

The Head of Libya’s Presidential Council, Mohamed Al-Mnifi met with the Minister of Oil and Gas, Mohamed Aoun. The two parties stressed the need to solve the problems facing the oil and gas sector in Libya.

They also touched on the current rate of production, the obstacles impeding its rise, and the improvement of the sector.

On Friday, several tribes warned the government that they would halt oil exports if they did not pay the salaries of the Libyan National Army (LNA).

The tribes in the cities of Sidra and Ras Lanuf, said in a statement that they would take escalatory steps if the government did not respond to their “legitimate” demands.

They noted that they are giving Prime Minister, Abdel-Hamid Dbaiba until next Sunday to pay the salaries, “otherwise, the export of oil from their areas will be stopped.”

Last week, the Central Bank of Libya (CBL) said that the country’s oil revenues reached 103.4 billion dinars ($22.52 billion) in 2021, representing 98% of the total income in that year.

In a statement, the CBL said that it had received $22.9 billion in foreign currency in 2021 and spent $24.5 billion, covering the difference from its own reserves.

The bank added that the spending system in 2021 was based on the 1/12 law regarding the unified spending for all sectors nationwide. This takes into account the impact of the exchange rate adjustment on spending items, according to the Cabinet decision No. 429 in 2021.

Tags: Al MnifilibyaMohamed AounoilPresidential Council
Next Post

Libyan Parliamentary Candidates Hold Protest

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Italy Warns of New Security Threat from RSF Presence in Southern Libya

Libya to Enforce ID Registration for All Foreign Nationals

Haftar Holds Talks with Egypt’s El-Sisi on Libya’s Stability

71 Refugees Evacuated from Libya to Italy

Libyan Suspect Faces Lockerbie Charges After DNA Discovery

Libyans Demand UN Mission Exit Over Political Paralysis

EDITOR PICKS

France Reaffirms Support for Libya’s Transparency Efforts

Greece Reaffirms Rejection of Turkey-Libya Maritime Agreement

Greek Navy Joins EU Push to Stop Migration from Libya

Libyan Official Blames UNSMIL for Delaying Elections & Unity

Libya’s Central Bank Governor Calls for Ban on Non-Banking Imports

NIHRL Holds Libyan Government Responsible for Ceasefire Breach

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR