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Italy’s Draghi calls for EU to set up shared gas storage facilities

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DPA

Italian Prime Minister Mario Draghi said transnational storage facilities for natural gas should be created in the European Union in order to bolster stocks and boost the bloc’s energy security. Draghi said in a statement to Parliament that Italy would press Brussels to set up such joint storage operations in order to be better prepared for future emergencies. “We hope that this crisis will finally lead to a positive response on this issue,” Draghi said. He reported that Italy had come through the winter relatively well compared to other European countries. The country’s gas storage facilities… Continue reading “Italy’s Draghi calls for EU to set up shared gas storage facilities”

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Turkey cannot stop Russian warships accessing Black Sea, says foreign minister

Published by
Reuters UK

ANKARA (Reuters) – Turkey cannot stop Russian warships accessing the Black Sea via its straits, as Ukraine has requested, due to a clause in an international pact that allows vessels to return to their home base, the Turkish foreign minister said on Friday. Ukraine has appealed to Turkey to block Russian warships from passing through the Dardanelles and Bosphorus straits which lead to the Black Sea, after Moscow on Thursday launched a full-blown assault on Ukraine from land, air and sea. Russian forces landed at Ukraine’s Black and Azov Sea ports as part of the invasion. Under the 1936 Montreu… Continue reading “Turkey cannot stop Russian warships accessing Black Sea, says foreign minister”

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An American-European statement praises the National Oil Corporation and warns against actions that undermine its work

Tripoli- The countries of France, Germany, Italy, the United Kingdom and the United States expressed their appreciation for what they considered the commitment of the National Oil Corporation to improve financial transparency, warning against actions that undermine the National Oil Corporation, in line with multiple UN Security Council resolutions.

The embassies of these countries, in a joint statement published on the official website of the US Embassy in Libya, urged all Libyan actors to respect unity, integrity, and independence, and to preserve the non-political and technical nature of the Tripoli-based National Oil Corporation, so the non-interruption of its operations benefits all Libyans.

The joint statement stressed the need to avoid such actions that may pose a threat to the peace, security and stability of Libya.

Source: Libya News Agency

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A Libyan-Tunisian-Algerian conference discusses ways to transition towards a free and digital economy in Africa

Tunis- The capital, Tunis, will host, at the beginning of next week, the Libyan-Tunisian-Algerian conference on transformation towards a free and digital economy with the aim of unifying strategic visions between the three countries and forming an economic bloc to enhance presence in the African market.

The head of the preparatory committee for the conference, Abdel Samea Amer Muammar, said on Thursday that the event aims mainly to shed light on the importance of the digital economy and the free economy to advance the economies of these promising countries, noting that creating a common digital platform for e-commerce is one of the most important goals that the conference seeks. to achieve,

For his part, the head of the body in charge of organizing this event, Yassin Abdel Hamid Abu Sriweel, said that the conference program includes six sessions chaired by local and international speakers, dealing with the topics of “the legislative and regulatory environment for the digital economy,” “the role of banks in supporting free and digital economy projects,” and investment in the digital economy, Information and Communication Technology and Intra-African Trade.

An exhibition will also be organized in parallel with the sessions, which includes many participating institutions, including 14 institutions from the Libyan side, and from the Tunisian side, in particular, the Tunisian Investment Authority, the Agency for the Promotion of Foreign Investment and the Jarzis Free Zone, will participate in this conference.

Source: Libya News Agency

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Libya interim PM promises legislative elections

Published by
Al-Araby

Libya’s interim prime minister Abdelhamid Dbeibah reaffirmed Monday that he will only cede power to an elected government and announced a plan for legislative elections before the end of June, in the wake of an attempted ouster by parliament. Already plagued by divisions between rival administrations in the east and west, Libya has found itself with two rival prime ministers in Tripoli after missing a crucial deadline for December elections. The parliament sitting in the east appointed former interior minister Fathi Bachagha to replace Dbeibah at the head of the interim government on February … Continue reading “Libya interim PM promises legislative elections”

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Al-Hawaij “reviews mechanisms for implementing investment map

Tripoli- The Minister of Economy and Trade, Mohamed al-Hawij stressed the need to implement the investment map according to the natural resources available in each region.

This came during his meeting Tuesday, with the ministry’s undersecretaries, heads and directors of a number of affiliated agencies and advisors at the ministry’s headquarters in Tripoli, within the framework of following up on the preparation of the investment map, the completed stages, and the mechanism for its completion.

The meeting discussed the difficulties facing the completion of the investment map and ways to achieve it, according to the Ministry of Economy. Mechanisms of coordination and cooperation between the affiliated and related agencies were also reviewed in preparing and implementing the investment map in accordance with the Ministry’s work plan for 2022, which aims to activate the investment and trade sectors, support small and medium enterprises, and contribute to the development of infrastructure in all sectors in a way that supports the national economy.

Source: Libyan News Agency