Economy

The National Oil Corporation (NOC) chairman, Mustafa Sanalla that the institution will not hesitate in carrying out its duties and responsibilities towards securing the source of the people’s income until the country reaches safety. During his visit to the injured staff of the NOC, Sanalla stressed that the safety of …

The National Oil Corporation (NOC) chairman, Mustafa Sanalla said on Monday “the attack on the headquarters of the Corporation shows the fragility of the security situation in the country”. Sanalla stressed the importance of additional security measures to ensure that the NOC is able to withstand those who seek to …

Sirt Oil Company announced that it had taken control of a fire that broke out in Zelten oil field. A source from the field told Reuters on Saturday that one employee was injured in the fire, which was caused by leakage at a field treatment plant.   In December last …

Brega Company for Oil Marketing assured citizens that fuel of all types is available in all warehouses of the company. The company said on its official page on Tuesday that the distribution is going directly from the tanker at the port of Tripoli to the maritime distribution companies, and is …

The National Oil Corporation (NOC) confirmed the availability of fuel despite the armed clashes taking place in the south of Tripoli. The NOC said on its official website on Sunday that there are alternative plans prepared by Brega Oil Marketing Company to market oil in advance to continue work on …

The head of the United Nations Support Mission in Libya (UNSMIL), Ghassan Salame said that the Mission not only supports economic reforms, but also is rushing for their implementation and facilitates the employment of the necessary monetary, financial and economic reforms. Salame said in a press statement on Wednesday that …

A source from El Sharara oil field said the production of the field amounted to 260 thousand barrels per day, after the restart of the control station. The source said, in a statement to Reuters on Tuesday, that station 186 was restarted with a capacity of 50 thousand barrels per …

The head of the Presidential Council (PC), Faiz Al-Sarraj said the Central Bank of Libya (CBL) will handle the dinar exchange rate and fuel subsidies to avoid the legal debate on the implementation of economic reforms. Al-Sarraj said during a meeting with Canadian Ambassador to Libya, Hillary Adams that he …

The Central Bank of Libya (CBL) denied on Thursday allegations by Haftar Forces spokesperson, Ahmed Al-Mismari that the bank had given money to Ibrahim Al-Jadran, describing it as “fabrications”. In a statement, the bank denounced Al-Mismari’s statements, stressing that the remittances carried out by the bank are carried out with …

The amount of fuel smuggled from Libya to Tunisia is estimated at 500 million liters annually, equivalent to 17 percent of the Libyan state budget, said Abdullah Sy, an economist at the World Bank’s Sustainable Development Department. In a study prepared by the World Bank on Tunisia and Libya, Sy …