Economy

The Chairman of the Board of Directors of the National Oil Corporation (NOC), Mustafa Sanalla discussed with the heads of companies preparations for the resumption of production and maintenance operations, export fields and oil ports, which were closed during the crisis of oil ports. The NOC in a statement to …

The exchange rate of the dollar fell on Wednesday against the Libyan dinar in the parallel market after the announcement by the National Oil Corporation (NOC) of receiving the oil ports and the lifting of the status of force majeure. The price of the dollar stood at 6,670 dinars, after …

Director of the Food Control Center, Abdelmajid Boulmida said on Wednesday that the Center rejected a shipment of “wheat straw” coming from Bulgaria because of damage it sustained from seawater and moisture. Boulmida said in a statement to ArraedLG that the return of the shipment is not within the jurisdiction …

The Head of the Audit Bureau, Khaled Shakshak, decided to form a committee to coordinate with the Audit Bureau in the Eastern Region to “achieve comprehensive and effective control over public funds and to overcome the state of division.” The decision, issued Tuesday, provides the committee charged with proposals on …

The head of the Presidential Council (PC), Faiz Al-Sarraj agreed with the Minister of Finance, Osama Hammad to form a crisis committee to collect state revenues, reduce expenditure and consumption. Al-Sarraj discussed with the Minister of Finance on Sunday the impact of the low revenues of the State; because of …

The Government of National Accord (GNA) Ministry of Health said on Sunday Ukrainian medical exports to Libya amounted to about 600 thousand dollars during the first quarter of this year 2018. The Minister of Health, Omar Al-Tahir also discussed with Ukrainian Ambassador, Mykola Nahorny ways to facilitate the issuance of …

Tunisian Minister of Industry, Salim Al-Feriani predicted that the volume of trade exchange between his country and Libya would exceed 1 billion Tunisian dinars by the end of 2018. “The volume of trade between Tunisia and Libya has returned to 450 million Tunisian dinars in the past five months,” Al-Feriani …

Oil prices jumped on Tuesday after the National Oil Corporation (NOC) announced force majeure at Hariga and Zuetina oil ports. Brent crude was up 41 cents from closing at $ 77.71 a barrel, while the WTI rose 57 cents to $ 74.51 a barrel, according to Reuters.   On Monday, …

Libya’s production of crude oil fell to between 600 and 700 thousand barrels per day after the clashes that broke out in the ports of Ras Lanuf and Es Sidra, a source from the National Oil Corporation (NOC) said on Wednesday. According to Reuters, the source said the NOC is …

Ras Lanuf oil and gas processing corporation announced on Wednesday that Harouge oil company storage tank is out of danger. The company said on its official page, the weather and wind direction helped to keep the fire away from the tanks 1 and 3 adjacent to the burning tank. The …