Mustafa Sanallah, the Chairman of Libya’s National Oil Corporation (NOC), which manages the North African country’s oil exploitation, Sunday said the Sharara oilfield in the South remains shut down because of the presence of armed forces. The Sharara oilfield, Libya’s biggest, has come to a standstill since December after some armed groups seized it to […]
“Algeria continues to face important challenges posed by lower oil prices (…) and growth in the nonhydrocarbon sector slowed under the effects of spending cuts”, says the International Monetary Fund (IMF). Inflation increased from 4.8 pc in 2015 to 6.4 pc in 2016 and stood at 8.1 pc year-on-year in January 2017. As to unemployment, […]
A militia leader aligned with the UN-backed Government of National Accord (GNA) Wednesday was targeted by UN and US sanctions for attacking oil facilities in Eastern Libya, in June. Ibrahim Jadhran’s forces attacked Ras Lanuf and al-Sidra oil export terminals last June. The terminals were under the control of eastern Libya strongman Khalifa Haftar’s forces. […]
