Economy
Russia’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...
Read moreLibyan Port Prevents Entry of Oil Tanker amid COVID-19 Fears
The Libyan General Administration of Ports Security sent orders on Saturday to prevent the entry of a tanker loaded with...
Read moreLibyan FM calls for more Russian investment
On Thursday Foreign Minister Abdulhadi al-Hwaij of Libya's eastern-based Interim Government called upon Russian businessmen to invest in Libya. In...
Read moreAl-Andalus Bank Secures License from Libyan Central Bank
An official source at Al-Andalus Bank issued a statement to local media, that the Central Bank of Libya has granted...
Read moreLibya’s Oil & Gas Revenues Plummet as CBL records LYD 380 mln in February
The Central Bank of Libya (CBL) announced on Monday that the country's oil & gas revenues for January and February...
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