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Ecomnews Med, a website specialized in economic affairs in the Mediterranean, has expected achieving a record level of oil and gas revenues in Libya by the end of this year, reaching $37 billion.
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The Central Bank of Libya (CBL) said, in a statement on revenues and expenditures in the first half of 2022 on Tuesday that oil closures had led to direct losses of 3.5 billion dollars as per the National Oil Corporation's (NOC)
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The US Ambassador to Libya, Richard Norland, said on Tuesday that efforts are underway with international support to establish a Libyan-led mechanism to provide transparency regarding how oil revenues are spent, stressing the ne
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The UN Advisor on Libya, Stephanie Williams, said there should be a temporary mechanism for managing Libyan oil revenues to decrease the desire for executive authority rivalry, saying this should happen through a clear path to e
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Washington has reiterated support for the temporary freezing of oil revenues in the National Oil Corporation (NOC) account at the Libyan Foreign Bank until reaching an agreement on a revenue management mechanism.
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The Prime Minister-designate who was appointed by the House of Representatives, Fathi Bashagha, condemned what he described as “wasting public money and the wealth of the Libyan state in favor of an outlaw government,” referring
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The Libyan Ministry of Oil and Gas said that it supports all initiatives and plans that aim to increase production, despite being left out of the preparations of the national plan to develop the oil and gas sector, which was app
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The National Oil Corporation (NOC) has transferred eight billion dollars in two installments to the bank account of the Ministry of Finance of the Government of National Unity (GNU) at the Central Bank of Libya (CBL), according
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