Economy
Austrian Company “OMV” to Resume Exploratory Drilling in Libya
Austrian oil and gas giant, OMV has announced plans to resume exploratory drilling activities in Libya by February 2024. This...
Read moreWorld Bank: Libyan GDP Declined by 50% Between 2011-2020
A recent study conducted by the World Bank has unveiled that the per capita share of Libya's Gross Domestic Product...
Read moreTunisian-Libyan Businessmen to Discuss Libya’s Reconstruction
An upcoming international forum is being organised by the Higher Council of Tunisian-Libyan Businessmen, and slated to take place in...
Read moreLibyan Officials Discuss Boosting Oil Production
Mohamed Takala, the Head of the Libyan High Council of State Council (HCS) met with Farhat Bengdara, the Chairman of...
Read moreLibya’s NOC Records Over 1 Billion Cubic Meters of Gas Production
On Friday, the Libyan National Oil Corporation (NOC) announced its production statistics for crude oil and natural gas in September....
Read moreItalian Company Secures $217 Million Contract to Develop Libyan Gas Platform
The Antonini Group, an Italian engineering and construction company, has secured a $217 million dollar contract for the construction of...
Read moreLibya’s Natural Gas Consumption Surpasses 1 Billion Cubic Feet
The National Oil Corporation (NOC) of Libya disclosed on Monday that the domestic consumption of natural gas has increased, reaching...
Read moreTunisian Exports to Libya Jump by 7% in 2023
On Sunday, the Tunisian economic portal, "African Manager," released a statistical insight into Tunisia's exports, including Libya. The report highlighted...
Read moreLibya’s Central Bank: Dbaiba’s Government Spent 56 Billion Dinars in 2023
The Central Bank of Libya (CBL) issued its monthly financial statement on Tuesday, revealing income and expenditure data from 1...
Read moreLibya’s Nafusah Oil Company Initiates Production
On Monday, the Libyan National Oil Corporation (NOC) announced that its technical teams from Nafusah Oil Operations (NOO), have achieved...
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