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Economy

Tobruk Airport director resigns

The general manager of Tobruk Airport, Hassan Halil resigned on Monday from his duties. Halil attributed the reason for his resignation, in a statement obtained by ArraedLG, to the overlap of authorities and the inability of the State to support the strategy developed to upgrade the work and provide the …

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Sirte Oil’s production reaches 61 thousand bpd

Sirte Oil and company announced on Saturday, production of oil reached 61 thousand barrels per day. Director of financial and administrative affairs at the company, Mohamed Hmeda told Reuters, the company hopes to increase production to 90,000 barrels per day, noting that there is a shortage of some equipment to …

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We informed NOC of plans to buy Marathon Oil, says Total

French oil giant Total reported that it had informed the Libyan authorities in advance of plans to acquire Marathon Oil’s stake in the Al Waha oilfield for $ 450 million. A spokesperson for the French company told Reuters on Wednesday, the company is currently in talks with the National Oil …

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3 GECOL cars were robbed and their drivers detained in Shuwairf

The General Electricity Company of Libya (GECOL) announced that a citizen was hijacked 3 cars carrying electrical materials in Shuwairf area, and the drivers were detained. The company said in a statement that the same citizen robbed 3 fully equipped cars last year. The company appealed to the security authorities …

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Fuel smuggling costs economy more than $ 750 million annually, says NOC

The National Oil Corporation (NOC) chairman, Mustafa Sanalla said the systematic smuggling of fuel is costing the state’s economy losses of more than 750 million dollars annually. On Wednesday, NOC chairman presented to representatives of the international oil sector in Switzerland an initiative to combat Libyan fuel smuggling, including the …

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Counter-Terrorism Conference adopts CBL recommendation

The Central Bank of Libya announced on Monday that the meetings of the first international conference on combating terrorism agreed on implementing the proposal submitted by bank’s Financial Information Unit. The Central Bank said in a statement, the proposal is a mechanism for coordination of local cooperation in the field …

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Brega suspends health care insurance temporarily

Brega Oil Insurance Fund of Brega Petroleum Marketing Company (BPMC) announced that services would be suspended from Sunday for four weeks, except for the disbursement of medications foe chronic illnesses and tumors. The fund, in a statement on the official website of the company, said on Saturday this temporary suspension …

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