The Central Bank of Libya has announced plans to inject $2.5 billion into the financial system starting April 1, 2026, to clear outstanding requests linked to letters of credit and personal foreign currency allocations. The intervention is expected to address a backlog of pending transactions while supporting commercial banks in meeting customer demand for foreign […]
U.S administration has recently contracted for two assessments of the Libya’s oil sector recovery, Libya Observer reports, citing France-based investigative media Africa Intelligence. The first assessment accounting for a first contract was commissioned on September 21 for an amount of almost $400,000 by the Interior Business Center (IBC), the federal government’s purchasing center – a […]
Libya’s Oil and Gas Minister Khalifa Abdul Sadiq has held discussions with Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar on strengthening bilateral cooperation in the oil, gas and wider energy sectors over the week-end. The meeting took place in Istanbul on the sidelines of the 2026 Natural Resources Summit, where both sides explored opportunities […]
