February 2020 - Libya’s eastern-based Ministry of Agriculture signed a cooperation agreement with the Libyan-Norwegian Fertilizer Company “Lifeco”, based in Marsa Brega, last Friday. The agreement, the eastern-based state LANA news agency reported, was signed at the...

February 2020 - Libyan economic experts will study the distribution of crucial oil revenue as efforts continue to solve the war-ravaged OPEC member’s political crisis, the United Nations said. The decision to assign the economic commission to work “on issues of...

February 2020 - Egypt has signed an oil and gas exploration deal with Neptune Energy worth around $35 million for three wells in the Gulf of Suez, the oil ministry said on Wednesday. The wells will be drilled in the North West El Amal offshore concession, the ministry...

February 2020 - The Second Libyan Real Estate Development Forum will be held in Tunis from 5 to 6 February, organizers announced. Speakers will include the Ministers of Finance and Planning, the head of the Housing and Infrastructure Board (HIB), the Economic and...

February 2020 - The Ministry of Economy, aligned with the internationally recognized government based in Tripoli, is working on a national investment plan to act as the main investment reference and strategic tool for mobilizing resources and improving the economy....

February 2020 - A US security and military consulting group arrived in Tripoli on Sunday morning. The visit of the US security consulting group comes in the context of reforming and developing the military and security institutions in Libya, the Information Office of...

January 2020 - A major new port project is underway in Libya, with the developer leveraging a wide-range of complementary skills, as AJ Keyes confirms. Michael Guidry is used to working in difficult circumstances and getting the job done. A specialist in security...

January 2020 - Here is the full text: Today’s Berlin Conference on Libya, at the invitation of German Chancellor Merkel, has gathered the Governments of Algeria, China, Egypt, France, Germany, Italy, Russia, Turkey, the Republic of the Congo, United Arab Emirates, the...

January 2020 - Libya’s 2019 state revenues were up on budget estimates for the period 1/1/2019 to 31/12/2019, the Tripoli Central Bank of Libya revealed yesterday in its latest statistical bulletin. The state also enjoyed a surplus as spending was also down on...

January 2020 - While high-level meetings continue in trying to bring some sort of resolution to Libya’s conflict, the National Oil Corp. (NOC) has continued producing hydrocarbons and its commitment to transparency. NOC has reported total revenues for 2019 of $22.495...

January 2020 - UNSMIL reported yesterday that it had convened on Monday a meeting of 19 Libyan economic experts representing the main Libyan financial and economic institutions as well as the different economic sectors. It reported that the participating experts were...

January 2020 - After years of war, Libya’s economy often seems to be characterized by what’s missing rather than what’s there. Speak to entrepreneurial Libyans and they’ll often tell you what’s lacking, from reliable electricity to transport networks, experienced...

January 2020 - Turkey and Libya could work with international companies to search for oil and gas in the eastern Mediterranean, Turkish President Tayyip Erdogan said on Sunday, following a deal between Ankara and the Tripoli-based government on maritime borders. In...

January 2020 - Turkey and Libya could use the services of international companies for their joint oil and gas exploration plans in the Mediterranean, Reuters reports, citing Turkey’s president, Recep Tayyip Erdogan. Erdogan’s statement comes amid attempts by Turkey to...

January 2020 - Libya’s state National Oil Corporation (NOC) reported yesterday that its November 2019 oil revenues were US$ 1.8 bn, a decrease of around US$ 410 million (19%) on October 2019 revenues and a decrease of US$ 613 million USD (25%) compared with November...

December 2019 - The General Electricity Company of Libya (Gecol) intend to go ahead with the plan to build a major power combined-cycle gas turbine (CCGT) power plant in Benghazi, according to a source familiar with the scheme. It is unclear whether the client is...

December 2019 - Whenever a major oil-producing region is engulfed in prolonged warfare, speculation starts to abound regarding all the potential changes to its oil and gas policy and the companies willing to take a share in its projects. The future of Iraqi oil...

December 2019 - The Libyan Investment Authority, in partnership with Deloitte and Oliver Wyman, has launched two transformation and investment appraisal projects, following an agreement with Deloitte to be the LIA's technical and consulting arm. According to the LIA's...

December 2019 - Turkish Energy Minister Fatih Donmez said that Turkey is planning to conduct seismic surveys aimed at locating potential hydrocarbon deposits within the contours of the maritime borders outlined in its contentious agreement with Libya’s Tripoli-based...

December 2019 - Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms. The local unit, Wintershall Aktiengesellschaft (WIAG), signed the deal on...

December 2019 - Libya's National Oil Corporation (NOC) has approved Total's acquisition of Marathon Oil Libya Limited (MOLL)'s 16.33% stake in the Waha concessions. “When Total announced the purchase of MOLL's stake in the Waha concessions through the acquisition of...

December 2019 -Tatneft resumed its seismic work on December 6 in the Ghadames Basin, in northwest Libya. Carrying out the seismic is Arab Geophysical Exploration Services Company (AGESCO) on Block 4/82. The work will cover a 200 square km area. The Russian company...

December 2019 - Libya’s National Oil Corporation (NOC) said on Tuesday that Russia’s Tatneft had resumed exploration activities in Hamada area last week. Tatneft’s seismic survey program for a 200 square km area was suspended in 2014. The statement cited NOC Chairman,...

December 2019 - Libya’s oil revenues were up by LD 4.14 bn from a projected LD 24.2 bn to LD 28.34 bn and total budget spending was down from a projected LD 42.9 bn to LD 40.2 bn, the Central Bank of Libya (CBL) reported in its latest bulletin covering the period...

~December 2019 - Turkey will begin oil and gas exploration and production studies in the Eastern Mediterranean soon after signing a memorandum of understanding with Libya last week, the energy minister announced yesterday. Turkey Energy and Natural Resources Minister...

November 2019 - France is to supply new fire engines to the Tripoli government's civil security service, according to our information Reporting by:     Generic Share This Article: facebooktwittergoogle-plustumblrinstagramflikrrss

November 2019 - Turkey and Libya's internationally recognized government have signed an agreement on maritime boundaries in the Mediterranean Sea as well as a deal on expanded security and military cooperation, Foreign Minister Mevlüt Çavuşoğlu said on Nov. 28. The...

November 2019 - Chairman of the National Oil Corporation (NOC), Mustafa Sanallah has discussed with the Chairman and Chief Executive Officer of the global petroleum consulting company DeGolyer and MacNaughton, John Wallace, joint cooperation activities between both...

November 2019 - The third world commercial arbitration conference to boost investments in Libya was held on Wednesday in Milan to boost commercial relations between Italy and Libya. The two commercial arbitration centers in Italy and Libya signed at the conference an...

November 2019 - Libya’s main oil chief has set his sights on boosting oil production to 1.50 million b/d in 2020 from current levels of 1.25 million b/d, as the country’s oil production and exports have been largely unaffected this year despite the civil unrest...

November 2019 - Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis. The plan is for 2020 to be a “transformative year for...

November 2019 - Libya is preparing to launch a comprehensive reconstruction program with the support of several international organizations including the World Bank, said Libyan Minister of Planning Taher Al-Juhaimi on Monday.Speaking at the first Libyan investment...

November 2019 - The first Libyan investment economic forum started on Monday in Morocco's capital Rabat.The event was organized by the Libyan General Union of the Chambers of Commerce, Industry and Agriculture with the sponsorship of the Presidential Council of...

November 2019 - Libya’s state-run National Oil Coporation (NOC) said on Sunday its October revenues rose 21% to $2.2 billion from $1.8 billion in September.Its revenues came from sales of crude oil, hydrocarbons, petroleum and petrochemical derivatives, as well as...

November 2019 - Petrofac will provide FEED and conceptualisation studies to clients in Oman and Libya following the award of a clutch of new contracts.In Oman, Petrofac will support Flare to Value LLC (F2V) by producing a basic engineering package to recover gas that...

November 2019 - A meeting was held on Sunday between Libya’s Airports Authority and the Privatization and Investment Board (PIB) during which a number of topics related to investment in airports and a range of options that will contribute to attracting private sector...

November 2019 - Croatian Foreign Minister Gordan Grlic Radman on Tuesday held an audience with the Libyan Charge D'affairs in Zagreb Rashed Abu Ghoufa. The two sides discussed bilateral relations, and expressed desire to promote exchange between the two countries in...

November 2019 - Libya’s Misrata-based state Iron and Steel Company, LISCO, is investigating the possibility of using local minerals and ores for its production.The revelation came after a meeting last Wednesday in the company’s Misrata headquarters between LISCO and...

November 2019 - The reopening of a plastics factory in the Libyan oil port of Ras Lanuf has provided a rare boost to an economy ravaged by war and political divisions.Libya is almost entirely dependent on oil revenues, and the National Oil Corporation (NOC) has...

November 2019 - In partnership with Assaray Trade and Investment Bank (ATIB), the French Expert Agency launched the first microfinance bank in Libya, under the term "Nama", funded by the Conflict, Stability, and Security Fund of the British Government, with a value of...

October 2019 - Through its acting head, Benghazi Municipality signed a contract for the creation of a master urban plan for the city with Greek company LED, Benghazi Chamber of Commerce revealed on Sunday.The signing meeting included the eastern-based Governor of the...

October 2019 - Egyptian oil companies are to resume their suspended oil projects in Libya, Libya’s state National Oil Corporation (NOC) reported today.The revelation came after NOC chairman Mustafa Sanalla met with Egyptian Minister of Petroleum Tariq Al-Mulla, and...

October 2019 - Libya NOC Chairman Mustafa Sanalla met with Sonatrach CEO and Chairman Rachid Hachichi along with their respective delegations on 24 October to discuss potential joint cooperation between the two state oil companies.A report from Libya NOC noted that...

October 2019 - The Libyan Investment Authority (LIA) has signed a contract to resume the transformation project in cooperation with the executive board of British Oliver Wyman for management consulting services, to be operational in early next year.According to LIA...

October 2019 - Libyan Foreign Minister of the east-based government, Abdul Hadi al-Hweij, told on Wednesday that he would like to see Russian companies return to the North African country to help build up sectors such as infrastructure amid recovery efforts following...

October 2019 - Libya has won the membership of the United Nations Human Rights Council among 14 other countries elected by the General Assembly of the International Organization to succeed the outgoing members of the Council held in Geneva, Switzerland.The Ministry of...

October 2019 - The Benghazi Pasta Factory aims to reopen by January next year, it was revealed yesterday.The revelation came after a meeting yesterday between the Chairman of the National Mills and Feed Company, the head of Benghazi Municipality and the head of the...

October 2019 - Libya’s Ras Lanuf oil and gas company a subsidiary of the National Oil Corporation (NOC) announced on Wednesday the resumption of production that had been shut down since 2013 at the polyethylene factory, according to a statement by NOC.The Ras Lanuf...

October 2019 - Director of the Russian oil and gas company Tatneft, Rustam Minnikhanov has confirmed the company's readiness to resume work in Libya, during the coming weeks.In his meeting with Libya’s National Oil Corporation (NOC) delegation on the sidelines of the...

October 2019 - Libya’s internationally recognised government said it had allocated 1.5 billion Libyan dinars ($1.06 billion) for the National Oil Corporation (NOC) to maintain oil production in 2019-2020, according to a resolution shared with journalists on...

October 2019 - Under the auspices of the European Union programme “Erasmus Plus” and in cooperation with Tripoli University, the university organized a workshop last Tuesday to introduce the project “Master of Renewable and Sustainable Energies in Libya”.The meeting...

October 2019 - The Municipality of Tajoura, east Tripoli, has offered five pieces of land, each of 5000 square meters, for investment.It explained on its Facebook page that the five pieces of land will be invested in establishing a children's playground, green areas...

September 2019 - As the United States slowly disengages from the Middle East, and as Europe faces internal challenges, a new actor is quietly exerting greater influence across North Africa. China has been strategically ramping up engagement with countries such as...

September 2019 - The Head of the Libyan Presidential Council Fayez Al-Sarraj has met in New York with officials from several US oil firms and investment companies on the sidelines of his visit to the United Nations to attend the General Assembly meetings.Al-Sarraj...

September 2019 - The Libyan embassy in Rome said Italy and Libya's Presidential Council's government are going to start construction work of the coastal road in Libya as per the Friendship Agreement between the two countries.The embassy said on Sunday that the two...

September 2019 - Libya’s National Oil Corporation (NOC) said on Tuesday it had added 500,000 barrels of crude oil capacity to the Ras Lanuf port, reaching its highest level since 2016.The NOC said its Harouge Oil Company subsidiary had replaced a tank, dubbed No. 7,...

September 2019 - On Tuesday, the Libyan state-owned oil company (NOC), its subsidiary Zallaf and De Golyer and MacNaughton (D & M), a major US oil consultancy firm, began talks to develop plans to implement value of discovered and undeveloped fields. This...

September 2019 - A meeting was held in Tripoli on Monday (9th September 2019) by a committee set up by the Faiez Serraj government to look into the ongoing power and water cuts experienced by the country, but mainly in west and south Libya, and consider alternative...

September 2019 - On 26 August 2019, the G7 meeting in Biarritz, France, produced a common declaration on the world’s most pressing issues.The leaders of the largest and most advanced economies specifically mentioned the conflict in Libya.They called for a truce to...

September 2019 - At first glance, little about Libya would make it an enticing destination for the renewable energy industry. Political violence has wracked the country for the last eight years, and two factions, the Government of National Accord (GNA) and the Libyan...

September 2019 - The Benghazi Asphalt Factory became operational on Monday having been out of service since 2011, Brega Marketing Company, a subsidiary of the National Oil Corporation, reported Tuesday.The asphalt factory had received lengthy and long overdue...

September 2019 - The Head of the Presidential Council Fayez Al-Sarraj approved Wednesday the operation plan of the General Electricity Company of Libya (GECOL) that aims to add 1300 megawatts by the end of 2019 and 800 megawatts by June 2020.This came in a meeting for...

September 2019 - The Interim Government of eastern Libya signed an agreement on Friday with the Bank of Commerce and Development, Libya’s first and largest private bank, to finance and construct a passenger terminal at Benina International Airport, the Libyan state...

September 2019 - BENGHAZI, Libya (Reuters) - The commercial port in Libya’s second city Benghazi is working round the clock three years after reopening, attempting to raise revenues for its restoration and expansion.The port was caught in the crossfire as rival...

September 2019 - The Libyan Audit Bureau has called on all authorities that are supposed to be funded by the 2020 budget of the country to exert efforts to prepare a well-studied budget for the next year.In a statement on Sunday, the Libyan Audit Bureau said that the...

September 2019 - Tripoli, Sept 1 (Reuters) - Libya’s National Oil Corporation (NOC) said on Sunday that its revenues rose to $2.1 billion in July, up 23% from the previous month.The company attributed the rise in revenues to an increase in the number of crude oil...

August 2019 - Radio France Internationale (RFI) said the solution for the ongoing conflict in Libya will go through two conferences, as agreed upon by western countries in the recent Group of Seven (G7) Summit. “For Westerners, it is time to put an end to the conflict...

August 2019 - The Foreign Minister of the Libyan Interim Government in eastern region, Abdelhadi Al-Huwaij, has called for prioritizing Egyptian firms and workforce in rebuilding projects in the country’s “liberated areas.”The Foreign Minister’s remarks came in a...

August 2019 - The Chairman of the National Oil Corporation (NOC) Mustafa Sanallah discussed with Pakistan Ambassador to Libya, Sajid Iqbal, ways of promoting synergies, especially in the oil sector.During the meeting, the Pakistani ambassador affirmed his country's...

August 2019 - Ali Issawi, the Economy Minister aligned to the Faiez Serraj-led Presidency Council and Government of National Accord, yesterday announced a Chinese-led consortium is considering implementing Tripoli’s metro (subway/underground) and bus network.It was...

August 2019 - Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO), located in Ras Lanuf eastern Libya, announced Friday that the first shipment of ethylene gas arrived at its port as part of in efforts to restart its ethylene production.RASCO reported that the...

August 2019 - Eni has long history in North Africa's oil and gas exploration. The meeting was also attended by the chairman of the National Oil Corporation (NOC) Mustafa Sanalla.Claudio Descalzi assured Sarraj the full commitment of the company to its operational...

August 2019 - The Libyan Minister of Economy Ali Al-Essawi said Sunday that the ministry is going to launch 10-billion-euro project of underground railway, saying they had met with investors and the Libyan concerned authorities.Al-Essawi said in a presser that this...

August 2019 - Libya’s Misrata-based state-owned Iron and Steel Company (LISCO) announced yesterday that it has exported 5,000 tons of reinforced steel of different sizes to Lebanon.It said that it was in the process of making other exports both to other Arab countries...

August 2019 - Parties to expedite domestic gas supply and in-country renewable energy projectsNational Oil Corporation (NOC) and Italian oil major Eni announce the completion of Phase 2 of the Bahr Essalam offshore gas project, a joint venture between the two...

July 2019 - The Head of the Libyan Audit Bureau Ahmed Shakshak met with the members of the American Libyan Work Committee at the Libyan embassy in Washington in the presence of ambassador Wafaa Bugagais and a representative for the US State Department.The meeting...

July 2019 - Libya [National Oil Corporation] NOC representatives traveled to China to discuss China’s interest in helping to restore Libya’s oil industry that has suffered through years of civil unrest, according to the Libya Observer.While there, the Libyan...

July 2019 - Libya’s state National Oil Corporation (NOC) announced on Tuesday that as part of its focus on upskilling the next generation of oil sector workers, it has signed a Memorandum of Understanding on Monday, July 15, 2019, with “the world’s leading oilfield...

July 2019 - Libya’s state-owned Arabian Gulf Oil Company (AGOCO) discussed cooperation with Germany’s Verostal company Nafoura oilfield’s water treatment project, the eastern-based branch of Libya’s official state news agency, LANA reported yesterday.It reported that...

July 2019 - As part of the the European Union for Private Sector in Libya (EU4PSL) programme to improve the business environment in Libya, a meeting was held last week in Tunis to study the feasibility of setting up private sector investment funds in Libya.EU4PSL is...

July 2019 -  Libya joins EBRD as 71st shareholderMembership request approved by Bank’s Board of GovernorsLibya is within southern and eastern Mediterranean regionLibya has joined the EBRD as its latest shareholder with a view to becoming a country where the Bank...

July 2019 - Lbya’s oil revenues were up on projections by LD 1.148 bn to LD 14.348 bn for the period 1/1/2019 to 30/6/2019, the Tripoli based Central Bank of Libya (CBL) reported in its latest bulletin.Oil revenues contributed 92.8 percent of the state budget –...

July 2019 - The Chairman of the General Electricity Company of Libya (GECOL), Abdul Majeed Hamza disclosed that efforts are being made to return foreign companies to the country, in order to complete suspended projects that would generate more than 5000...

July 2019 - Fintech Select Ltd. is pleased to announce that it has commenced working on its inaugural project with Raseed, the Company’s Joint Venture partner in Libya.The project is to provide a Prepaid closed-loop card solution to a regional Libyan bank, one of...

July 2019 - Libyan Universities and Chambers of Commerce from 6 Libyan cities: Benghazi, Gharian, Misrata, Sebha, Tripoli and Zintan yesterday signed up to unified programme offering a 30-hour Joint Certificate in Entrepreneurship and Business Development.It is a...

July 2019 - The first batch of 37 public transport buses ordered by Libya have been manufactured and are being shipped from China.Libya media reports say that operator, Essahim Company for Public Transport, is expected to announce shortly the first routes for the new...

  July 2019 - TUNIS/BENGHAZI, Libya (Reuters) - Eastern Libyan authorities and U.S. security firm Guidry Group plan to finalize an agreement to develop a major port in the east of the troubled oil producer, both sides said.Talks have been going on for about a year to...

July 2019 - Chairman of the Libyan Council of Elders Mohamed Idris el Maghrabi said on Tuesday that Egypt is the first supporter for the reconstruction, security and stability of Libya.In an interview with Extra News channel on Tuesday, Maghrabi expressed his full...

London, 27 June 2019: Libya’s National Oil Corporation (NOC) reported today that it recorded an income of US$ 2.3 billion from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts for the month of May.The...

une 2019.  - The Libyan Foreign Minister Mohammed Sayala attended Tuesday the Forum on China-Africa Cooperation in Beijing.Sayala said that the countries of the North African region think highly of boosting cooperation with China, which was also reiterated in the last...

Oilprice.com, June 2019. - Despite frequent oil field outages and now an open conflict between the UN-recognized government and the eastern-affiliated LNA, Libya’s oil production could double to 2 million bpd by 2023, IHS Markit analyst Fotios Katsoulas wrote in a...

London, June 2019 - The European Union (EU) and the internationally recognized Tripoli-based Libyan Ministry of Health officially launched five new EU-funded projects to support the Libyan health sector yesterday.The EU says the projects cover a broad spectrum of...

Full interview with Marshal Haftar, LNA's General Commander  - June 2019. Interview by The Libyan Address Journal, Isa Abdul Qayum - In light of the latest developments in the Libyan file, I took my papers and went to Rajma, the Headquarters of the General Command of...

Libyan steel maker plans $1 billion tender in July, output hike in 2019  (Reuters July 2019) The Libyan Iron and Steel Company (Lisco), one of North Africa’s biggest steelmakers, plans to launch a tender next month worth $1 billion to build two new plants and also...

NOC: Libyan-Norwegian fertiliser venture to restart operations shortly. (June 2019) TRIPOLI – The Tripoli-based National Oil Corporation (NOC) said on Saturday it had restored natural gas supply to LifeCo – the fertilizer joint venture it operates with Norway’s Yara,...

Libya’s National Oil Corporation opens office in Houston. Houston will serve as a vital procurement and engineering hub for `NOC to tap into the best expertise and technology in the market, Sanallah said. (Libyan Express May 2019) The new office has been mandated to...

Libya Approves $34 Billion Budget for 2019 Following Months of Conflict. The Libyan government, backed by the United Nations, said on Monday it had agreed with the central bank on a budget of 201.8 billion dinars ($33.83 billion) for months. The "financial...

Libya Cement Company issues EPC tenders, part of €200 m investment to increase production by 50 percent. (By Sami Zaptia) The LCC has announced firm plans for a major investment program which will see around € 200 million spent in expanding its production capacity...

GECOL reconnects two units of Khoms gas station to power grid. (June 2019) Director of the Information Department of the General Electricity Company of Libya (GECOL), Mohamed Al-Takouri said that two units of Khoms gas station have entered the power grid with a total...

Libya gets lion’s share of China investments in Africa. (October 2018) The head of the Federation of Libyan Chamber of Commerce and Industry, Mohammed Al-Raeid, said that China has allocated 5 billion dollars out of $ 20 billion of its investments in Africa to...