Economy

Algerian Energy Minister Mustafa Guitouni said his country will export 3,000 megawatts of power to Libya in the coming years. According to the Algerian news agency, Guitouni said on Sunday, work is currently underway to complete and strengthen the transfer of this energy between Algeria, Libya and Tunisia, pointing out …

The National Oil Corporation (NOC) welcomed on Saturday the Security Council’s decision to impose sanctions on six people for involvement in smuggling and human trafficking. The NOC chairman, Mustafa Sanallah praised the decision and the efforts of the international community to bring individuals “beneficiaries” of smuggling to justice. According to …

The General Electricity Company of Libya (GECOL) announced the entry of the third gas unit in Al-Sareer gas generation station to the public network with a capacity of 220 MW. The company said on its official page on Monday, the entry of the third unit comes after the end of …

The World Gold Council estimated on Sunday Libya’s reserves of gold at 117 tons, while the Arab countries collectively have 1006 tons. Libya ranked third in the gold reserves, while Saudi Arabia topped the list with 323 tons. The United Arab Emirates came in last with only 8 tons.   World Gold …

The National Oil Corporation (NOC) said on Wednesday, delays in distribution from the Raguba oil field did not affect production despite protesters’ threats. According to Reuters, the problem of distribution between the field and Brega port occurred, Tuesday, but the production of the field continues to flow into the tanks …

The head of the Audit Bureau, Khaled Shakshak stressed the necessity of having what he described as the “urgent and lost link”, social accountability of state bodies, including the Bureau, in the absence of accountability of the legislative authority. Shakshak said, at a press conference on Wednesday announcing the annual …

Sirte Oil Company said, protesters closed on Wednesday, the company’s Raguba oil field in Marada area, which produces 5,000 barrels per day of crude oil. A source told Reuters, the protesters threatened to close oil fields and pipelines located in the eastern region unless the government meets their demands to …

The National Oil Corporation (NOC) announced on Wednesday, shipping the first amount of propane gas, estimated at 61.761 million barrels, from the port of Zuitina to Italy. The organization said in a statement, this shipment is the first of its kind to Italy since the past four years ago, noting …

A group of unemployed youth in Marada area said on Sunday, they will close oil fields in the region unless their demands to improve services in their city are met. The group said in a statement, reported by Reuters, they had decided to close all oilfields in Marada Basin so …

The Turkish Cooperation and Coordination Agency (Tika) handed over 57 tons of food aid to the Government of National Accord (GNA) Libyan Fund for Aid and Development, bringing it for displaced families in Sabha and Ubari. The Turkish embassy in Tripoli said in a statement on Saturday, nearly 1,500 food …