The Governor of Libya's Central Bank, Saddek Elkaber, convened with World Bank Group Executive Director Tawqir Shah to discuss the latest economic and financial developme
The Acting Minister of Foreign Affairs in the Government of National Unity (GNU), Taher Al-Baour, has discussed with the Executive Secretary-General of the African Union
The World Bank expected the Libyan economy to grow by a rate ranging between 4.8 and 5.8% from 2024 to 2026 provided that political stability and the oil sector in genera
The Libyan Iron and Steel Company (LISCO) signed a memorandum of understanding with the Italian company Danieli on Monday to launch a project to construct a direct reduct
The National Oil Corporation (NOC) has announced the revival of the initiative of 100 specialized training opportunities for the first graduates of Libyan universities in
The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, discussed with the Atlantic Council on Monday the latest developments in the Libyan economic and political
A parliamentary committee assigned to study the impact of the foreign exchange fee imposed by the House of Representatives Speaker convened a virtual meeting with Farhat
The Libyan Investment Authority has launched an arbitration proceeding against Belgium at the International Center for Settlement of Investment Disputes, affiliated to th
A branch of Med Oil, a subsidiary of the Mediterranean Oil Services Company, which is owned by the National Oil Corporation, was opened on Friday, in Istanbul, Turkey.
Libya overtook Nigeria as the continent's top crude oil producing state for March 2024, according to the Organization of the Petroleum Exporting Countries (OPEC) latest r
The Ministry of Finance of the Government of National Unity has underscored that the current crisis of liquidity scarcity was due to the repercussions of the continued pa
The National Oil Corporation announced the success of the Sirte Oil and Gas Production and Manufacturing Company in drilling an exploratory well within a new geological f
The total expenditures of legislative and executive authorities amounted to about 565.88 million dinars during the first quarter of the year 2024, excluding salaries for
The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, formed a committee to negotiate with the two foreign partners (Total and ConocoPhillips) to a
The Planning, Finance and General Budget Committee and the Budget Restructuring Committee in the House of Representatives (HoR) called on the Government of National Unity
The Attorney General announced the imprisonment of an employee at the Jumhouria Bank – Al-Rashid branch in the capital, Tripoli, - and another person on charges of embezz
The Tunisian-Libyan Business Council has warned of the economic repercussions of the continued closure of the Ras Jedir border crossing from the Libyan side since March 1
During his meeting with the Acting Minister of Oil and Gas, Khalifa Abdel-Sadiq, Prime Minister Abdel Hamid Dbeibah has urged not to monopolize oil and gas by foreign com
The Chairman of the Management Committee at the Arabian Gulf Oil Company (Agoco)/ board member of the National Oil Corporation (NOC), Mohamed Bin Shtwan, chaired a meetin
The Central Bank of Libya (CBL) has announced in a statement published on its official Facebook page that the online platform for reserving foreign currency for individua
The French company Total Energy and the United States' ConocoPhillips: the two foreign partners of the National Oil Corporation (NOC) in the Waha Oil Company fields, requ
Libya's Investment Authority (LIA) CEO Ali Mahmoud discussed the accounts and consolidated statements of the institution and its subsidiaries during a meeting with Prime
The Russian Ambassador to Libya, Aydar Aganin, invited the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, to visit Moscow to open opportunities of cooperation
The Arabian Gulf Oil Company (AGOCO) intends to hold a workshop between the 4th and 6th of next November on the oil and gas potential of the "Cyrenaica Flat" and neighbor
The Libyan Energy Forum called for stopping any measures affecting sovereign wealth, holding the High Council of Energy, the Presidency of the National Oil Corporation, a
Mohamed Al-Hweij, Minister of Economy and Trade, has announced plans to reduce the state's reliance on oil sector exports to 40% and increase income from investment proje
The Ministry of Economy and Trade disclosed on Wednesday plans to convene a Libyan-German economic forum in the capital, Tripoli, in June, with the participation of busin
The National Oil Corporation (NOC) announced on Tuesday that Mellitah Oil and Gas Company had completed re-drilling the fifth well (FB-21HOR-ST2) in the El Feel field, an
The Minister of Economy and Trade, Mohammed Al-Hawij, has discussed with the Director of Programs at the Expertise France the follow-up of the economic diversification pl
A team from Baker International Company presented a visual proposal to the Prime Minister of the Government of National Unity outlining areas of collaboration and propose
The Vice-Chairs of the Presidential Council, Abdullah Al-Lafi and Musa Al-Koni met with the Governor of the Central Bank of Libya, Siddiq Al-Kabeer, on Tuesday to discuss
The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, has met with the German Ambassador to Libya, Michael Ohnmacht, to discuss training and raising the ca
The committee tasked by the African Petroleum Producers' Organization (APPO) with selecting a headquarters for the African Energy Bank intends to visit Ghana and Nigeria.
Libya ranked fourth in Africa, and sixth in the Arab world, in terms of gold reserves in central banks, according to the Libyan Center for Building Indicators.
The Italian news agency Nova has reported that Libya's total annual production of natural gas ranges between 10 and 13 billion cubic metres, a decline from the previous r
The Governor of the Central Bank of Libya (CBL), Sadek Elkaber, said in a letter addressed to the Prime Minister of the National Unity Government, Abdul Hamid Dbeibah, th
Airlines operating in Libya intend to raise ticket prices due to the imposition of a tax on the selling price of foreign exchange, according to Khaled Al-Suwaisi, Underse
After a series of international arbitration cases filed by the United Arab Emirates'(UAE) group Al Gharir against the Libyan Oil Corporation (NOC), most of which were los
The Minister of Oil and Gas in the Government of National Unity, Mohamed Aoun, has chaired a meeting of the committee tasked by the African Petroleum Producers’ Organizat
The Libyan Investment Authority (LIA) said that its investment situation in Egypt is good, and it was seeking to develop it, denying what was circulated by some media out
Unipec, the trading arm of Asia's largest refiner the Chinese Sinopec, is moving a supertanker loaded with Libyan Bu Attifel crude, an unusually large shipment aimed at m
The British Ambassador to Libya, Martin Longden, has discussed arranging meetings between businessmen and chambers of commerce in Libya and the United Kingdom in order to enhance economic cooperati
The Libyan Prime Minister Abdul Hamid Dbeibah has said that the country’s economic situation is very good and does not need any exceptional measures, in reference to the
The General Oil Union has urged the Libyan Parliament to reconsider the decision made by its President, Aguila Saleh, regarding the imposition of a tax on foreign currenc
Deputy Minister of Foreign Affairs and International Cooperation Mohammed Issa has called for activating African Union institutions, notably the African Investment Bank h
The Minister of Economy and Trade Mohammed Al-Huweij discussed with the Maltese Ambassador to Libya, Charles Saliba, the current arrangements for holding a Libyan-Maltese