Economy

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 …

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 …

An official at Hariga oil port said Arabian Gulf Oil Company (AGOCO) production of crude oil is at between 150 thousand and 180 thousand barrels per day, after the resumption of production in the oil fields. The source said on Tuesday that an oil tanker entered Hariga port last Sunday …

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 …

 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, …

The Audit Bureau media office director, Ibrahim Bouzreiba said on Saturday the Bureau takes full responsibility of all the information contained in its report on the Central Bank of Libya (CBL). Bouzreiba said in a statement to ArraedLG, the information contained in the report is supported by documents, some of …

The High Council of State member, Najat Sharaf Addin said on Friday the Council will reconsider the post of governor of the Central Bank of Libya if current governor did not commit to implementing the economic reforms promised. Sharaf Addin said in a statement to ArraedLG, the members of the …