Tripoli-The National Oil Company ushered in good news to the Libyan people of end of the opening of all oil fields and terminals across the country after a series of blockages that lasted more than a year. The Company said it instructed the operator of Mellita Company to resume productionRead More →
Tripoli-The Al Sidra Oil Terminal has resumed oil exports following an announcement by the National Oil Company of lifting the Force Majeure on Al Sidra and Ras Lanouf terminals. The oil tanker Netotsi Bott flying the Iceland flag has docked at the terminal to upload a total of 630000 barrelsRead More →
Tripoli-Chairman of the Libyan Business Council Abdullah Al Fallah has discussed with the Director General of the Sahel-Sahara Bank of Trade and Investment, investment in Africa and facilitating banking operations for Libyan businessmen to invest there. According to a statement issued by the Council, the meeting focused on issues ofRead More →
Work has resumed at three of Libya’s five oil port facilities after an eight-month hiatus. However, two ports have yet to resume work, including Libya’s largest, the al-Sharara oil field. Libyan media reported sporadic militia clashes in the capital, Tripoli, but the resumption of oil production at three of theRead More →
Royal Dutch Shell has provisionally booked the Amoureux tanker to load a 1 million barrel crude cargo at Libya’s Zueitina terminal on October 3, Refinitiv Eikon shipping data showed. Shell declined to comment on the booking. Libya’s National Oil Corporation lifted force majeure on crude loadings at the port onRead More →
Tripoli- The CEO of the Arab Gulf Oil Company Mohamed Bin Shatwan has announced that work was underway at the Sarir and Msala oil fields to resume production, after 1 million barrels of crude were transported from the reservoirs at Al Hreiga terminal. The terminal of Al Hreiga was expectedRead More →
Tripoli-GNA Ministry of Interior has announced that it had initiated a department to be affiliated with the Office of the Minister, which will be responsible for ‘combating financial crime and terrorism funding.’ According to the decision issued on the matter, the department will seek to gather information on money laundering,Read More →
Tripoli- An official source at the Central Bank of Libya denied yesterday, Monday, the circulating news about stopping the system of documentary credits for certain basic commodities. Yesterday evening, a number of social media pages circulated news about the total closure of the documentary credits system, which caused an increaseRead More →
Tripoli-The National Oil Company has announced that the losses incurred as a result of the blocking of oil exports have reached LD 9 billion. The losses from oil blockage underway since 18 January 2020 have reached LD 9,103,000000. The NOC said the oil blockage would lead to electricity outages. inRead More →
Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop. Authorities blamed the decrease in food production on its northern border on the threat from Boko Haram terrorists. Damian Kinkoh of the food control unit of Cameroon’s Trade Ministry saysRead More →