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AfDB to provide $350m to Egypt before end of 2023
Abdourahmane Diaw, the African Development Bank (AfDB) country manager for Egypt, has revealed the Abidjan-based lender will provide the North African country with $350 million in financing for public and private development projects before the end of 2023. The financing will go to the private sector via credit lines to loaning companies and bank and […]
Libya Announces Reopening of Key Oil Terminals, Triggering Fall of Crude
Libya’s oil production and export operations will resume to normal levels after General Khalifa Haftar, the military strongman controlling eastern Libya, agreed to allow four export ports (Ras Lanuf, Es Sider, Zueitina and Hariga) to reopen. The announcement was made Wednesday by the country’s National Oil Corporation, the only Libyan authorized body to export the […]
Libya: HoR-backed army Chief of staff threatens to attack oil tankers unauthorized by HoR
UNSMIL Head Martin Kobler Monday received a blow as Libyan army commander backed by the House of Representatives (HoR) threatened to attack any oil vessels entering Libyan waters if not authorized by National Oil Company (NOC) recognized by the HoR. Army Chief of staff Abdelrazak Nazhuri said the vessels will be attacked by army aviation […]



