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Economy

Brega announces end of fuel crisis in Tripoli

Brega Petroleum Marketing Company (BMC) said on Sunday, the company ended the fuel crisis in Tripoli and surroundings areas after agreeing with protesting truck drivers to increase price of fuel transportation by 30%. The head of the fuel and gas distribution office in the company, Milad Al-Hajrsi told ArraedLG that …

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Fuel crisis to end within 24 hours

The head of the fuel and gas crisis in Brega Petroleum Marketing Company (BMC), Milad Al-Hajrsi, said congestion in front of petrol stations will end within the next 24 hours. Al-Hajrsi told ArraedLG, they reached an agreement with the fuel carriers to end their strike, after coordination with the economy …

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Gharyan central security patrols seize truck smuggling fuel

Central security patrols in Gharyan municipality seized a fuel smuggling truck at Al-Hira Gate, one of the main entrances of the municipality. The head of the gate, Salah Hamidan told ArraedLG, on Monday the central security personnel at the gate seized a truck carrying materials for construction when they found …

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Brega confirms resumption of work at Al- Zawiya oil reservoir

Brega Petroleum Marketing Company (BMC), said on Monday the distribution and transport companies have resumed their work from Al-Zawiya oil reservoir. The head of the BMC’s media office, Ahmad Al-Msellati told ArraedLG that the drivers of fuel trucks started packing from Al- Zawiya warehouse after the agreement between the operation …

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NOC announces reopening of oil wells in Ajkhara

The National Oil Corporation (NOC) announced on Sunday, the reopening of oilfields in Ajkhara after closing in November 2017. The NOC said on its official Facebook page, Ajkhara municipality decided to reopen oil wells in the region after pressure from the NOC and the attorney general’s office. According to the NOC, its …

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Shell to buy Libyan oil for first time since 2013

Royal Dutch Shell, the largest oil company in Europe, signed with the National Oil Corporation (NOC) its first contract since 2013 to buy crude oil from Libya. Shell and BP have agreed to a long-term contract with NOC to buy crude oil, Bloomberg said on Thursday, citing the recovery of …

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Administrative Control: banks must declare prices of services

The Administrative Control Authority (ACA) has obliged commercial banks to publish commission rates and banking services in all branches of public and private commercial agencies. The ACA’s media office, Ayman Gladi told ArraedLG, on Wednesday that they revealed a “significant disparity” in the value of some of the banking services …

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Bus route to Yefren municipality reopened

Yefren municipality agreed with the express transport company to reopen the bus route between Tripoli and Yefren, making it the first municipality in the western region to have public transportation. The mayor of Yefren, Hussein Kafo told ArraedLG, on Wednesday that they agreed with the management of the express transport …

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NOC and Sonatrach sign a joint study

The National Oil Corporation (NOC) and Sonatrach Company, an Algerian government-owned company, signed a joint reservoir study of the Libyan Al-Wafa Gas Field and Algerian Al Rar Gas Field, on Monday. The contract, signed in Algiers, updates the previous joint study conducted in 2008, which comes as a joint venture …

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Tamanhant airport announces airport operational

Tamanhant Airport Administration announced the airport’s readiness to operate and resume domestic and international flights. During a press conference, the airport’s operators, called on all airlines to resume their flights. Air traffic at Tamanhant airport has been suspended for more than a year, after an African Airlines plane, scheduled to …

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