Economy
Libyan Oil Minister To Penalise Under-Producing Companies
Libyan Oil Minister, Mohamed Aoun said the country may introduce contracts with private oil companies, to issue bonuses to those...
Read moreHike in Oil Prices Increases Libya’s Income
"Libya has achieved a very excellent income thanks to the recent rise in oil price," the Head of the National...
Read moreLibya’s Oil Revenue for October Nears $2 Billion
Libya's revenues from oil sales during October equaled about $2 billion, Libya's National Oil Corporation (NOC) announced on Wednesday. "The...
Read moreRepsol to Resume Operations in Libya
On Wednesday, José Carlos Bravo, the Regional Executive Director of the Spanish energy firm, Repsol indicated that they would resume...
Read moreRussian-Libyan Oil Committee Discuss Cooperation
The first meeting of the Libyan-Russian joint committee was headed by the Minister of Oil and Gas, Mohamed Aoun. Aoun...
Read moreTotal Discusses Investment Opportunities in Libya
On Monday, Libyan Oil Minister, Mohamed Aoun met with a delegation from France’s Total Energy, to discuss investment opportunities in...
Read moreLibyan Economy Minister Cancels Decision to Set Fixed Prices for Various Commodities
The Libyan Minister of Economy and Trade, Muhammad al-Hawij, decided to cancel his previous decision regarding setting the prices of...
Read moreLibya Overtakes Nigeria as Africa’s Biggest Oil Producer
A new study from the Organization of Petroleum Exporting Countries (OPEC) said that Libya has surpassed Nigeria as Africa's biggest...
Read moreLibya Plans to Produce over 2 Million bpd in 2022
Libyan Deputy Oil Minister, Refaat Al-Abbar said Libya plans to produce more than two million barrels per day in 2022,...
Read moreLibyan Economy Ministry Sets Fixed Price for Essential Foods
On Wednesday, the Libyan Ministry of Economy and Trade issued a decision to fix the prices of 13 basic food...
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