Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]
Mauritania’s incumbent President Mohamed Ould Cheikh El Ghazouani has comfortably won re-election, receiving 56.12 percent of the vote in the first round of the presidential poll, the Independent National Electoral Commission (CENI) said Monday. The victory in Saturday’s election gives the former army chief a second term as head of the vast desert country, seen […]
Libya and Somalia have signed several Memoranda of Understanding providing for fostering cooperation in investments, educational exchanges, and training opportunities, which are crucial for building human capital and strengthening both nations’ socio-economic development. The deals were signed during talks in Tripoli between President of the Libyan Presidential Council Mohamed Younes El-Menfi and visiting Somali President […]
