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 …

Minister of Economy and Industry Ali al-Issawi said that Libya’s geology contains large reserves of gold, iron and magnesium that have not been exploited, and that it is a “remedy” in the face of low oil production. Al-Issawi said, in a statement to the “African Report”, that if oil revenues …

A source from the artificial river apparatus on Saturday, that water will reach Tripoli at the end of the day, or tomorrow morning after the interruption Friday. The source, who spoke on condition of anonymity, said in a statement to ARRAED that water is flowing to cities through the eastern …

The Minister of Defense of Chad, Mahmat Sally, explains closing borders with Libya, Sudan and Central African Republic is for security reasons. According to the Tunisian newspaper Al-Shoroq, Chad has kept its trade ports with the three countries open, including  Korean & Moody port with Libya. It is noteworthy that …

The Italian Interior Ministry said on Monday that Libya is the second largest source of illegal immigrants to Italy, after Tunisia who is ranked first in the number of migrants. The ministry added in a report that Tunisia is the first source of immigrants to Italy by 36.8%, followed by …

The National Corporation and Brega Oil Marketing Company called on the government of Al Wefaq to investigate the failure of fuel distribution companies to meet the fuel needs of the citizen. The company, in a joint statement with Brega, on Tuesday, said that the responsibility for the distribution of fuel …

The management of Al-Hassouna system of Al-Nahir, said that the water is still interrupted; The administration added, on its official page, that all the efforts made by the wise men and elders failed in the absence of the state authorities, expressing deep regret for the continuation water cuts during Eid, …