Economy
Shell-NOC Discuss Developing Libyan Oil Fields
Libya's National Oil Corporation (NOC) has discussed the possibility of dutch oil giant, Shell contributing to the development of fields...
Read moreLibya’s Oil Revenues Record $1.3 Billion Dollars in May
On Sunday, Libya's National Oil Corporation (NOC) announced that its revenues for May 2021, amounted to 1,322 billion US dollars....
Read moreCourt Refuses to Grant Immunity to Manchester Arena Bomber’s Brother
A court declined to grant the older brother of the Manchester Arena bomber immunity from prosecution if he testifies in...
Read moreLibyan-Algerian PM’s Inaugurate Economic Forum
On Sunday, Libyan Prime Minister Abdel-Hamid Dbaiba and his Algerian counterpart, Abdel-Aziz Djerad inaugurated the Algerian-Libyan Economic Forum, in the...
Read moreRussia’s Gazprom Resumes Oil Production in Libya
Russian energy giant, Gazprom EP International has resumed crude oil production in Libya under a JV agreement with Germany's largest...
Read moreLibyan Oil Minister: Intention to Activate Agreements with International Companies on Hold
The Libyan Minister of Oil and Gas of the Government of National Unity (GNU), Mohamed Aoun, stated that during the...
Read moreLibyan Central Bank Sets New Exchange Rate Against US Dollar
On Wednesday, the Board of Directors of the Central Bank of Libya (CBL) set an exchange rate for the Libyan...
Read moreLibya’s NOC: Losses of Oil Exports Shutdown Exceed $6 Billion
Libya’s state National Oil Corporation (NOC) announced on Saturday that the shutdown of oil fields and ports in the country's...
Read moreOil Crisis Deepens in Libya as Losses Exceed $3.8 Billion
Libya’s National Oil Corporation (NOC) said that from January 18 to the end of March 2020, oil revenue losses amounted...
Read moreLibya Oil Losses Reach $3.5 Billion
Libya's National Oil Corporation (NOC) said that the cumulative losses in oil production amounted to approximately 67 million barrels in...
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