Features Headlines Libya

Gaddafi’s son claims to be personally involved in transfer of cash to Sarkozy in exchange for favors

A son of the former Libyan dictator Muammar Gaddafi has doubled down on his claim that ex-French president Nicolas Sarkozy was paid millions of euros in exchange for political and economic favors. Saif al-Islam Gaddafi has told French broadcaster RFI that he was personally involved in giving Sarkozy suitcases containing about 5 million euros for […]

Energy Headlines Libya

Libya’s National Oil Corporation to end oil-for-fuel system amid budget delays

Libya’s National Oil Corporation (NOC) has announced plans to discontinue the oil-for-fuel system starting in March 2025, following a request from the Audit Bureau. The NOC has urged the Government to allocate the necessary funds for fuel supply operations, warning that any failure to do so will result in disruptions to critical services such as […]

Europe Headlines International Libya

Italian opposition parties, NGOs demand answers over release of Libyan official wanted for war crimes

Opposition parties and NGOs are calling for an explanation from the Italian Government after Rome released Osama Najim, the head of Libya’s judicial Police, who had been arrested on an International Criminal Court (ICC) warrant over allegations of war crimes and crimes against humanity. Najim, also known as Almasri, is the director of the notorious […]

Headlines Libya

Libya: UN Envoy holds talks with MPs in Benghazi to break political deadlock

The Acting UN Special Envoy to Libya, Stephanie Koury, visited on January 20 the House of Representatives headquarters in Benghazi, where she met with several Libyan Members of Parliament to discuss the political process. Mrs Koury outlined the United Nations Support Mission in Libya’s (UNSMIL) efforts to break the ongoing political deadlock, facilitate elections, and […]

Emerging Markets Energy Finance Headlines Libya

Libya needs investments worth up to $4bln to boost oil production

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. […]

Europe Headlines International Libya

Libya’s Haftar offers Russia military base on border with Chad, Sudan- media

Libya’s renegade general Khalifa Haftar reportedly offered Russia a military base near the border with Chad and Sudan, confirming Moscow’s ambitions to make Libya its new African hub, replacing Syria, Italian news agency Nova said. Citing Libyan sources, Nova said Russia was transferring equipment and soldiers to the Maaten Al Sarra base in southern Libya […]

Emerging Markets Energy Headlines Libya

Libya: National Oil Corporation head resigns over health issues, acting Chief appointed

Farhat Bengdara, the head of Libya’s National Oil Corporation (NOC), has resigned due to health concerns, and Masoud Sulaiman has been appointed as the acting chief, the state-owned company confirmed on Thursday January 16. The resignation was accepted by Abdulhamid al-Dbeibah, head of the Government of National Unity, with Sulaiman now overseeing operations until a […]

Energy Headlines Libya

Libya: PFG calls for heightened readiness at Al-Wafa oilfield amid unspecified threat

The Petroleum Facilities Guard (PFG) – Southwest Branch of Libya- has called on all brigades responsible for securing the Al-Wafa oilfield to increase their level of readiness in response to what it described as “a matter of utmost importance.” The PFG urged all brigades to deploy to the field to bolster its protection, although the […]

Europe International Libya

France’s ex-leader Sarkozy on trial over Gaddafi’s illegal funding slams opponents for plotting ‘conspiracy’

Former French President Sarkozy remained defiant during his trial at a Paris court on Thursday (9 January), as he told the judges that the supposed illegal Libyan financing of his successful 2007 presidential bid was a “conspiracy,” stating “You will never find a single Libyan euro or cent in my campaign.” Sarkozy has gone on […]

Europe Headlines International Libya

Libya to replace Syria as Russia’s Mediterranean hub

Since the ousting of Syrian president Bashar Assad, there has been a surge in Russian air and maritime traffic to Libya, where Moscow seeks a new Mediterranean hub. Flights increased from the Syrian Hmeimim base to Al Khadim’s airbase in the Libyan desert, where Russia was transferring its military equipment, according to data analyzed by […]