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Economy

Brent Crude Climbs 4.5 Percent To $ 62.35 A Barrel

Brent crude climbed 4.5 percent on Monday to $ 62.35 a barrel after Qatar withdrew from the Organization of the Petroleum Exporting Countries (OPEC) as of Jan. 1, 2019. Oil prices also rose 5 percent after the United States and China agreed not to impose any new tariffs for 90 …

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Fire controlled at Zelten oil field

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 …

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NOC confirms availability of fuel despite clashes in Tripoli

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 …

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Sudan plans to open trade crossings with Libya

North Darfur State governor, Sharif Mohamed Abbad confirmed that the border with Libya is secure, in light of the deployment of regular forces and Sudanese swat forces. Abbad, according to the Sudanese Center for Press Services revealed on Friday, of plans for reopening commercial crossings with Libya, pointing to the …

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Algeria has project to produce electricity in Libya

Algeria’s Sonlagaz Group director-general, Mohamed Arkab said Algeria and Libya have a partnership venture to produce electricity in Libya. Arkab explained in response to a question about Sonelgaz’s activities in Libya, according to Akhbar Al-Youm newspaper, the project focuses on the maintenance of electrical equipment, pointing out that Algeria is …

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Libyan Foreign Bank receives Best Bank in Africa honor

 The Libyan Foreign Bank receives the Best Bank in Africa Award in terms of contributions and capital for year 2018.  The Libyan Foreign Bank said on its official page on Sunday, the International Union of Arab Bankers organized the awards ceremony of excellence and achievement of Arab banking in 2018, …

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