The US State Department Tuesday called on the armed men that occupied Libya’s Sharara oil field in the desert, south of the country, to hand over the oil facility to the National Oil Corporation (NOC), which has declared force majeure. “The United States continues to monitor the situation at the Sharara oil field and echoes […]
A top Egyptian delegation met Sunday in Tripoli with members of the UN-backed Government of National Accord (GNA), an unprecedented meeting, seeking re-establish ties between the two countries. The delegation included security and diplomatic officials headed by deputy chief of intelligence and head of Libya file at the Egyptian Presidency Ayman Badie, Libya Observer reports. […]
Negotiations for a loan agreement have commenced between the World Bank and the Egyptian government for the financing of the privatization and restructuring of the public sector. The government is being urged by Dr. Fakhry El-Fekky, the former International Monetary Fund’s assistant managing director to uphold the privatization process that was began by the former […]
