Benchaaboun- presenting 2019 draft financial bill

Libya: France, Italy, UK, US Welcome Return of Oil Terminals under Legitimate NOC

France, Italy, the United Kingdom, and the United States have welcomed the announcement that Libya’s National Oil Corporation has recovered its prerogatives and is resuming its vital work on behalf of all Libyans, insisting that Libya’s oil facilities, production, and revenues belong to the Libyan people. The four world powers have issued a joint statement […]

Libya Pipeline Blast Sends Oil Prices Soaring

Reports of a pipeline explosion in Libya sent oil prices soaring to $60 a barrel, that is a two-and-a-half year highs. The blast reportedly sidelined 90,000 barrels a day of supply in a country that produced 973,000 barrels a day in Novem-ber. A Libyan military source said earlier that armed men had planted explosives at […]

France holds line on Moroccan Sahara as Algeria moves to restore ties

French Justice Minister Gérald Darmanin arrived in Algiers on Monday, becoming the third French minister to visit the country in three months, in the clearest sign yet of a thaw in relations after a prolonged diplomatic crisis triggered by Algeria after Paris expressed its outright support for Morocco’s sovereignty over the Sahara territory and for […]