April 2020 - Moscow's talks with the delegation of the Libyan Government of National Accord (GNA) focused on the prospects of the ceasefire between the GNA and the Libyan National Army (LNA), a source in the RussianForeign Ministry, who was present at the...

April 2020 - The United States said on Wednesday that it was waiting to build an “empowered” UN mission to Libya, frustrating France and Germany who say that the delay in approving in appointing an envoy undermines efforts to end the conflict. The position of the UN...

April 2020 - US Assistant Secretary of State for Energy, Francis Fannon called on Turkey to refrain from any provocative actions, during an online discussion on the East Med pipeline and trilateral partnership between Greece, Cyprus and Israel. “Stop all provocative...

April 2020 - The United Nations said Tuesday it expects “things to get moving in the next few days” following the agreement by Libya’s warring parties to resume cease-fire negotiations following days of heavy fighting. U.N. spokesman Stephane Dujarric said acting U.N....

April 2020 -The Turkey-Libya memorandum of understanding (MoU) relating to maritime zones “cannot as a legal matter affect the rights or obligations of third states” such as Greece, a US energy official said on Tuesday during  a virtual roundtable discussion on the...

April 2020 - The United Nations said Libya’s warring factions have agreed to resume cease-fire talks, following days of heavy fighting and eastern-based forces retaking a key town from their rivals after a string of setbacks. The U.N. Mission in Libya said it hoped...

April 2020 - Civil society groups have accused the Zug-based oil trader Kolmar of complicity in war crimes related to the purchase of oil from war-torn Libya. In the complaint filed with the Swiss attorney general’s office on Thursday, non-governmental organisation...

April 2020 - The United Nations confirmed that the National Oil Corporation (NOC), based in Tripoli, is the only Libyan authority legally authorised to sell oil. This came following reports that France had seized an oil tanker which was on its way to Libya, the vessel...

April 2020 - Libya looks to be at the end of one bleak chapter, but there is no guarantee that the next will be any better for a country that has been torn to pieces by civil war and foreign intervention since Col Muammar Gaddafi met his grisly death in 2011. Since...

April 2020 - Egypt announced an international alliance that includes Greece, Cyprus, the United Arab Emirates and France to confront Turkish provocative moves in Libya and the Mediterranean. Egypt has announced an anti-Turkey alliance that includes Greece, Cyprus, the...

April 2020 - Turkish President Recep Tayyip Erdogan plans to create a “fait accompli” over rights to natural resources in the eastern Mediterranean by drilling off the coast of Libya, analysts told Arab News on Saturday. Ankara’s announcement that it intends to...

May 2020 - Turkey may have gotten kudos for tipping the balance in Libya, but Russian countermoves raise the prospect of Turkish collaboration with Russia in the North African country, which is not to the liking of countries that have been giving plaudits to Ankara....

May 2020 - Moscow has refuted the US accusations that the national banknote manufacturer was forging money for Libya, the Russian Foreign Ministry said in a statement on Saturday. "We would like to note that under the conditions of actual diarchy in Libya, there are...

May 2020 - Turkey and Russia have emerged as the strangest of bedfellows in the Middle East in recent times. While on one hand, Putin and Erdogan signed economically lucrative deals in energy, military, and other sectors, and appeared like the new best friends, they...

May 2020 - A French navy frigate saluted an oil tanker as it prepared to load refined petroleum products from a port in eastern Libya, preventing it from reaching its destination and letting it float off the coast of coasts for almost a week, four Western diplomats...

May 2020 - Things are not going well for European diplomacy in the Libyan civil war. The latest initiative, convened by the German government in January, assembled the major foreign supporters of Libya’s warring factions in Berlin, with the aim of having them back...

May 2020 - Libya’s civil war has become an increasingly competitive geostrategic struggle. A UN-brokered settlement supported by non-aligned states is the most viable means for a stable de-escalation, enabling Libya to regain its sovereignty. Download this Brief as a...

May 2020 - Over the weekend LNA (Libyan National Army) forces began moving away from the capital, Tripoli, which they had trying to take since April 2019. The cause of the retreat was the ability of the growing Turkish mercenary force to reinforce the various militias...

May 2020 - U.S. A short-lived mission uncovered by U.N. investigators offers a glimpse into the world of those who have thrived off Libya’s chaos. CAIRO — Two former British marines piloted their boats, a pair of military-grade inflatables, across the Mediterranean...

May 2020 - U.S. President Donald Trump called for a “rapid de-escalation” of the Libyan conflict on a call with Turkish counterpart Tayyip Erdogan on Saturday, the White House said, after recent gains by forces backed by Turkey prompted threats of retaliation. Ankara...

May 2020 - Forces allied with Libya’s UN-supported government have wrested control of a key military base on the outskirts of the country’s capital from Khalifa Haftar, dealing a significant blow to the renegade general. In 2019 Haftar planned to take Tripoli in a...

May 2020 - Russia and Turkey yesterday reaffirmed their commitment to cooperation in the Syrian crisis and called for an immediate cessation in hostilities in Libya and the resumption of the political process. This came in a call between Russian Foreign Minister...

May 2020 - With a succession of quick victories, Turkish-supported forces in Libya have rolled back the gains of a would-be strongman whose allies, Russia and the United Arab Emirates, now face tough choices. CAIRO — A string of victories by Turkish-backed forces in...

May 2020 - Rival factions in Libya’s civil war both claim that Russia has transferred six MiG-29 fighters and two Su-24 attack jets to Al Jufra airbase in central Libya to support the Benghazi-based Libyan National Army (LNA) faction led by General Khalifa...

May 2020 - European countries should try to revive the political approach to resolving the Libya conflict, particularly given that Turkey may want to do so from its current position of strength. Libya doesn’t do incremental change, it seems. Instead, the country...

May 2020 - Among world and regional powers involved in the Libyan crisis, China is often not considered very much because it is not sending mercenaries to the country or mobilizing drones for air raids, like the United Arab Emirates, Turkey and Russia. Beijing,...

May 2020 - Libya’s civil war has become an increasingly competitive geostrategic struggle. A UN-brokered settlement supported by non-aligned states is the most viable means for a stable de-escalation, enabling Libya to regain its sovereignty. HIGHLIGHTS The Libya...

May 2020 - The first German naval vessels to take part in Operation Irini, the EU naval mission to enforce Libya’s long-flouted arms embargo, will join in August, German Minister of State Niels Annen said. Mr Annen told The National that Germany’s commitment to the...

May 2020 - Russia has several options for escalating its involvement in Libya’s civil war, but the West could make continued intervention too costly for Moscow’s liking. Over the past year, Russia has significantly escalated its military involvement in Libya, in the...

May 2020 - On April 25, 2020, Khalifa Haftar, the eastern-based head of the self-styled Libyan National Army (LNA) declared on television that he had been granted a popular mandate to rule. This announcement came on the back of a string of embarrassing military...

May 2020 - Turkey may face additional obstacles to its military interventions in Syria and Libya as a result of increasing cooperation between its adversaries in these two war-torn countries.  As Turkey was bombing Syrian forces in Idlib earlier this month, a...

May 2020 - A team of Western mercenaries linked with two Dubai-based companies was briefly deployed to Libya to assist Russian-backed strongman Khalifa Haftar in his offensive to capture Tripoli, according to a confidential UN report, underscoring how the country’s...

May 2020 - Western governments have watched the battle over Libya’s capital, Tripoli, with disinterest, even as it has drawn in a growing number of foreign powers. But this conflict has more to teach us about the future world order, or disorder, than many observers...

May 2020 - T Turkish Petroleum (TPAO) has reportedly applied to Libya's Tripoli-basedGovernment of National Accord (GNA) for an exploration permit in the eastern Mediterranean. Turkey's Anadolu Agency quotes Turkish Energy Minister Fatih Donmez as saying that...

May 2020 - The United Arab Emirates (UAE) has asked the commander of Sudan’s Rapid Support Forces (RSF), Mohamed Hamdan Dagal, to urgently send 1200 fighters to Libyan frontlines to support warlord Khalifa Haftar’s ongoing war in southern Tripoli and western Sirte,...

May 2020 - State-owned oil company Turkish Petroleum (IPAO) has submitted an application to Tripoli-based government to start drilling in parts of the eastern Mediterranean outlined in the country’s contentious maritime borders agreement with Libya, Turkey ‘s Energy...

May 2020 - The arrival of the new coronavirus in Libya has not interrupted the battle for Tripoli. Since 2011, when a series of uprisings backed up by a NATO air campaign overthrew dictator Muammar Qaddafi, Libya has progressively fragmented. There is now an all-out...

May 2020 - While Washington has been accusing Moscow of inflaming the conflict in war-torn Libya by sending mercenaries to fight on behalf of strongman Khalifa Hifter, signs have been emerging that Russia is increasing contacts with the Hifter-aligned eastern-based...

May 2020 - Cyprus, Egypt, France, Greece and the UAE have condemned Turkey’s “illegal activities” and expansionism in pursuing natural gas in Cyprus' exclusive economic zone. UAE Minister of State for Foreign Affairs Dr Anwar Gargash said the meeting on Monday was an...

May 2020 - This discussion paper explores the mercenary nature of the Sudanese paramilitary groups’ in Libya. It also looks into how the involvement of Khartoum’s paramilitary Rapid Support Forces (i.e. the RSF commander General Mohamed Hemedti) in the current...

May 2020 - Among the bevy of great and middle powers involved in Libya, China is often neglected. It is not pouring in mercenaries or conducting airstrikes—like the United Arab Emirates, Turkey and Russia—but China is steadily investing and exerting influence in ways...

May 2020 - The Libyan Investment Authority (LIA), the war-torn country’s sovereign wealth fund, is making a fresh push to water down some of the international sanctions it has been under since the revolution which ousted dictator Muammar Gaddafi from power nine years...

May 2020 - Court of the International Commercial Chamber rejected the lawsuit lodged by Turkish company Tekfen-TML against the state of Libya calling for compensation worth 95 million dollars, saying its investments were subject to damage in Libya by February 17...

May 2020 - The German ambassador to Libya, Oliver Owcza welcomed on Thursday the restructuring within the management committee of Brega Petroleum Marketing Company, expressing hope that the step would enhance the independence of the oil sector in the country. "We join...

May 2020  The UAE's ambitious foreign policy goals has slowly overshadowed Saudi Arabia's standing in the Middle East, according to regional experts. In early April, Saudi Arabia promised support to Khalifa Haftar at a time when the Libyan warlord had launched an...

May 2020 - Libya’s Tripoli based Audit Bureau reported that it had held a video conference with the UN’s Libya Experts Panel last Wednesday (6 May) and discussed the following four subjects: Requirements for the completion of the international audit of the Central...

May 2020 - Hundreds of mercenaries from Russia's shadowy Wagner Group are operating in Libya, a leaked UN report says. They have been supporting renegade general Khalifa Haftar's battle against the Tripoli-based government, it says. Since 2014, Libya has been split...

May 2020 - Ever since Libya’s descent into division and political and economic chaos in 2014, the affairs of the Libyan Investment Authority (LIA) have mirrored those of the country. Competing claims to the authority’s leadership resulted in a lack of proper...

May 2020 - Eastern Libya-based renegade General Khalifa Haftar announced a truce upon the “command of Russia” as he suffered great loses against the UN-recognised Libyan government, according to pro-Haftar parliament speaker. Discussions between the Libyan House of...

May 2020 - Since the United States led a NATO military intervention in 2011 to overthrow longtime dictator Muammar Qaddafi, Libya has been wracked by violent power struggles among an assortment of armed militias. Now it might be headed for a partition. Chaotic...

May 2020 - As Libyan strongman Khalifa Haftar unilaterally announced his acceptance of the Libyan presidency, Russian reaction was predictable: Kremlin spokesman Dmitry Peskov called for diplomacy. “In Moscow, we remain convinced that the only possible resolution in...

May 2020 - Turkey under Recep Tayyip Erdoğan is constantly looking for opportunities to enhance its status as a regional superpower and promote its Islamist ideology in the Arab Middle East. Libya is the newest arena in which Erdoğan is trying to capitalize on...

May 2020 - ANKARA  If positioned well, Turkey can be the leader in Libya's supply chain in the new normal, said a top business leader on Monday. Murtaza Karanfil, head of Foreign Economic Relations Board (DEIK) Turkey-Libya Business Council, underlined that countries...

May 2020 - In less than 48 hours, Yemen's separatist Southern Transitional Council (STC) and Libya's renegade warlord Khalifa Haftar rebelled against their respective governments, in defiance of previous peace initiatives. These moves could not have occurred were it...

May 2020 - Diplomatic tensions between Turkey and the United Arab Emirates (UAE) have resurfaced once again after the two sides were engaged in a war of words over the crisis in Libya. In a statement issued on Thursday, the UAE's Ministry of Foreign Affairs and...

May 2020 - Tripolitanian Society said Wednesday it is considering establishing a water desalination plant in Tripoli, to be funded by businessmen from the city and private sector investors. The authority said on its Facebook page that the step came as a result of the...

May 2020 - Libya’s eastern branch of the Privatization and Investment Board (PIB)announced yesterday that it has completed the approval process of the Dar al-Shifa Hospital, owned by Al Rehab Health Services Company. The 150-bed hospital covers various specialties and...

May 2020 - Turkey may face additional obstacles to its military interventions in Syria and Libya as a result of increasing cooperation between its adversaries in these two war-torn countries. As Turkey was bombing Syrian forces in Idlib earlier this month, a...

May 2020 - The Speaker of the Tobruk-based House of Representatives (HoR) Aqila Saleh said his political roadmap, which he announced on last Monday, was drafted by Russian experts working with HoR members in Libya. In a tribal gathering to rally his supporters after...

April 2020 - The head of the automatic control system at the South Tripoli Gas Power Station, Eng. Abdul Sattar Al-Nayli, has called on the authorities to consider converting the nearby landfill facility to a power plant to boost electricity generation. In a video...

April 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...

April 2020 - TRIPOLI — Rehabilitation and upgrading of Beda airport, Arabian Gulf Oil Company (AGOCO) Rehabilitation and upgrading of Hamada airport, Arabian Gulf Oil Company (AGOCO) Messla/Sarir electrical network SCADA system, Arabian Gulf Oil Company (AGOCO)...

April 2020 - TRIPOLI — Early last spring, just before a planned American-backed peace conference between warring factions in Libya, the aspiring Libyan strongman Khalifa Hifter arranged a phone call with John R. Bolton, then the White House national security adviser....

April 2020 - What lies behind Ankara’s decision to side with the UN-recognised GNA government in Libya’s civil war? Tom Collins investigates the regional ambitions of Turkish President Recep Tayyip Erdogan In early January, Turkish President Recep Tayyip Erdogan...

April 2020 - Saleh’s proposals On April 23, Aguila Saleh Issa, Chairman of the House of Representatives of Libya (HoR) – the parliament in Tobruk in eastern part of the country, made an unexpected political proposal. He called for the reestablishment of the...

April 2020 - ibyan National Army (LNA) Spokesman Ahmed al-Mismari has accused Turkey of plotting an air operation in Libya, noting that Ankara, which supports the opposite conflicting side — the Government of National Accord led by Fayez al-Sarraj — was taking...

April 2020 - SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash...

April 2020 - Tunisia’s Ministry of Agriculture announced yesterday that the Interprofessional Fruit Group (GIF) and the TuniShip shipping company will launch the direct shipping line between the port of Sfax and the port of Tripoli on 26 April 2020. The Ministry said...

April 2020 - At a recent joint press conference in Cairo with his Egyptian counterpart, Chinese Foreign Minister Wang Yi opposed military intervention in Libya, saying it would only aggravate conflicts and intensify confrontations. Despite his call, however, a...

April 2020 - The forced closure of many NOC facilities has resulted in the country losing revenue of over $4 billion. NOC chairman Eng. Mustafa Sanalla commented on the loss saying: "Libya is today $4 billion poorer than it would have been without the blockade. That...

April 2020 - With all eyes on the coronavirus, one of the Middle East’s most protracted conflicts shows no sign of abating, and foreign actors seem committed to fanning the flames. U.S. policymakers are mostly concerned with the increasing role of Russia, but among...

April 2020 Download the full report Libya (PDF, 709 KB)   Share This Article:facebooktwittergoogle-plustumblrinstagramflikrrss

April 2020 - Lisa Anderson, 69, president of the American University in Cairo (AUC) from 2011–2016 and its provost in the three preceding years, is an expert on Libyan affairs and higher education in the United States and the Middle East. She authored Pursuing Truth,...

April 2020 - The Libyan Post and Telecommunications Information Technology Company (LPTIC), Libya’s state telecoms holding company that owns Libya’s main state telecoms companies such as mobile operators Al-Madar and Libyana and internet supply company Libya Telecoms...

April 2020 - Libya will honour all its contracts with Italian companies in a post-Muammar Gaddafi era, the rebel Libyan envoy to Rome and Italy’s government said, in a boost for companies ranging from Eni to Finmeccanica . Italy has stepped up efforts to safeguard...

April 2020 -MABRUK OIL OPERATIONS (MOO) invites all invites only companies which are specialized in Aviation Companies of offshore oil fields to submit their complete prequalification documents, for evaluation and preparation of bidders list as MOO intends to issue a...

April 2020 - Despite pleas by the United Nations and international humanitarian organisations to suspend violence, at least temporarily during the coronavirus pandemic the Libyan civil war continues as usual. Following an attack last Monday, water supply was cut to...

April 2020 - The economic system in Libya is highly centralized with heavy reliance on, and investment in the oil industry. Entrepreneurship, the engine for growth and innovation in many economies, was not encouraged prior to 2011 and remained woefully underdeveloped...

April 2020 - The National Oil Corporation (NOC) has advertised new tenders: • Maintenance and Operation Services at Al Jurf, Mabruk Oil Operations • Aviation Services at Al Jurf, Mabruk Oil Operations • Tubing, Arabian Gulf Oil Company (AGOCO) • Well head, Arabian...

April 2020 - In this age of the coronavirus pandemic, online shopping is in demand more than ever in many parts of the world. In a few countries, though, buying groceries or other goods over the internet is still something of a rarity. In Libya, for example, just 22%...

April 2020 - The world’s attention may be focused on the coronavirus pandemic. But Russia continues its complicated game in Libya. In early March 2020, Russian President Vladimir Putin and German Chancellor Angela Merkel emphasised their shared commitment to a...

April 2020 - Ahli United Bank’s CEO and managing director, Adel El-Labban, talks with Global Finance about operating in high-risk environments and his bank’s pending merger with Kuwait Finance House. Adel El-Labban: KFH and AUB have complementary businesses. Following...

March 2020 - The Libyan Investment Authority (LIA), the Arab state’s troubled sovereign wealth fund, has published a seven-point reform strategy for 2020 designed to bring it into line with international best practice.The LIA also hopes that the reforms will increase...

March 2020 - Libyan ed-tech startup iStudy is steadily increasing the number of schools paying to use its platform in spite of the various challenges it faces in its home market. Launched in September 2017 by Zakaria Gwaila and Waleed Sassi, who had noticed in the...

March 2020 - Berniq Airways opened its Benghazi headquarters yesterday at a ceremony attended by the city’s VIPs including the eastern Central Bank of Libya Governor Ali Hibri. Berniq is a newly established private sector company based in Benghazi with a capital of LD...

March 2020 - Benghazi Municipality reviewed its investment map in a meeting on Tuesday with the eastern branch of Libya’s Privatization and Investment Board (PIB) The Municipality reported that the results of previous meetings on its investment map were discussed. The...

March 2020 - The Benghazi branch of the Libyan Social Security Fund has revealed its intention in the coming days to start the rehabilitation and redevelopment of the long closed Ouzu hotel, the Benghazi Chamber of Commerce and Industry reported yesterday. The hotel...

March 2020 - Minister of Economy and Industry, Ali al-Issawi, discussed Thursday, with British Minister of State for International Trade, Conor Burns, the possibility of signing a free trade agreement between the two countries. The meeting took place at the British...

March 2020 - London — Mining in Libya may eventually become a more significant economic activity than oil production as the country seeks to reduce its economic dependency on oil, Libyan Economy Minister Ali Al-Issawi said Wednesday. "Libya has gold, magnesium and...

March 2020 - Turkish investors should harness Libya;'s $120 billion investment volume - especially in the contracting sector - said the chairman of the Turkey -Libya Council of the Foreign Economic Relations Board of Turkey on March 5. "There is a call from Libya in...

March 2020 - The ‘‘Prime Minister’’ of Libya’s eastern-based ‘‘government’’, Abdullah Thinni laid the foundation stone for a 100-megawatt solar power project in Kufra municipality on Sunday. Kufra lies in the south eastern corner of Libya, over 1,000 km from Benghazi....

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...