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Economy

Libyan Economy Strengthens as Oil Production Resume

(Author: Libyan Gazette Editorial Staff) It has been five years since Libya’s oil industry was operating at full capacity and only recently were Libyans able to reopen the country’s major oil ports to resume oil production and exports. Before the 2011 uprising, Libya was producing around 1.6 million barrels per …

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Libya Resumes Exporting Crude Oil

(Author: Libyan Gazette Editorial Staff) Libya’s crude oil production increased over 70 percent since last month after the reopening of a few oil fields and oil ports which were closed for the last two years. On Tuesday, Ibrahim Al-Awami, the head of oil measurement department at Libya’s National Oil Corporation …

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PFG Attempt to Take Back Sidra and Ras Lanuf Oil Ports

(Author: Libyan Gazette Editorial Staff) Clashes between rival militias broke out over the weekend over the control of Libya’s main crude oil ports, causing an oil shipment to be delayed, said a Libyan official. Libya’s fragile state has left it exposed to a constant stream of unexpected attacks, jeopardizing whatever …

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Libya Resumes Oil Production at Major Oil Terminals

(Author: Libyan Gazette Editorial Staff) The National Oil Corporation (NOC), Libya’s state oil company, announced on Thursday that force majeure has been lifted on Libya’s biggest oil terminals and exporting will begin shortly. “Exports will resume immediately from Zueitina and Ras Lanuf, and will continue at Brega … exports will …

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Haftar Takes Over Major Oil Ports in Libya

(Author: Libyan Gazette Editorial Staff) Rogue militias loyal to General Khalifa Haftar took over oil terminals in Libya’s oil crescent region. The oil terminals were seized by Haftar’s men over the weekend, putting the UN-backed Government of National Accord (GNA) in grave danger of losing control over the country. This …

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Al-Sarraj Meets with US Commander in Germany

Libyan Prime Minister Fayez Al-Sarraj had a meeting with officials from the US military and US State Department in Germany on Wednesday.   General Thomas Waldhauser, the commander of US Africa Command and Jonathan Winer, the US State Department Special Envoy to Libya, met with Sarraj in Stuttgart, Germany at …

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Libyan Investment Authority Board Challenged

(Author: Libyan Gazette Editorial Staff) Abdul-Magid Breish, who claims to be the chairman of the Libyan Investment Authority (LIA), said on Monday that he disapproves the appointment of a panel by the UN-backed Libyan unity government (GNA). Breish said that because he was not officially told to resign, he will …

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