Economy

The head of the local authority in the Tunisian city of Ben Guerdane, Fathi Al-Aabab, said that the merchants in the city were pleased with the reopening of the border crossings between Libya and Tunisia, indicating that this decision re-injects blood into a vital economic artery for the entire south …

Libya has boosted its oil production by more than 1.1 million barrels per day, gradually approaching the level it was producing before the war in the country began. And Bloomberg said that Libya’s production poses an “unwelcome” challenge to OPEC, which was to increase production by about two million barrels …

On Monday, oil prices fell by approximately 3%. As a result of the concerns, as the demand for fuel has weakened with the expansion of European closures due to the Corona virus. And Russia’s Sputnik Agency revealed that Brent crude future contracts are down 3.5%, or $ 1.34, and the …

The American “Bloomberg” agency revealed that Libyan oil production is increasing at a rapid rate to nearly one million barrels per day, especially after the intensification of operations in the oil fields and ports that were closed. The agency quoted the head of the National Oil Corporation, Mustafa Sanallah, on …

The National Oil Corporation confirmed that, during the past two days, the president of the corporation, Sanalla, discussed with the President of the Presidency Council, Fayez Al-Sarraj, all arrangements that guarantee the regularity of revenues for the benefit of all Libyans. On its official page, the Corporation announced, on its …

The chief economist at the World Bank, “Carmen Reinhart,” said that a full global economic recovery from the Corona pandemic may take 5 years. Reinhart added that the recession resulting from the pandemic will last longer in some countries compared to others and will lead to an exacerbation of inequality, …

The head of the National Oil Corporation, Sanallah, confirmed to the Italian Foreign Minister, Luigi Di Maio, that the conflict in Libya is between parties that believe in the application of the law and respect for democracy and other parties that are hostile to that. The two parties discussed, at …

The head of the National Oil Corporation, Mustafa Sanallah, said Thursday that the ongoing conflict over oil facilities is more of an international political conflict than an internal Libyan dispute over revenue distribution. Sanallah added during the Middle East Summit, with the participation of Total executive manager Patrick Pouyanné, that …

The head of the Libyan Investment Corporation, Ali Mahmoud Hassan, said that the restrictions imposed on investment wasted about $ 4.1 billion in potential returns, stressing that he would ask the United Nations to allow him to invest in the Foundation’s funds. Hassan added, in an interview with Reuters news …

The National Oil Corporation announced, on Saturday, that the president of the corporation, Mustafa Sanallah, discussed with the Maltese Ambassador to Libya, Charles Saliba, the possibility of activating the Memorandum of Understanding that stipulates oil cooperation between the two countries, concluded in 2013. The Corporation added, according to its official …