Energy Headlines Libya

Libya: hullabaloo over NOC Chief’s citizenship, Appeal Court issues ruling

The Tripoli Court of Appeal has issued a final ruling confirming that Farhat Bengdara, Chairman of the National Oil Corporation (NOC), holds citizenship of the United Arab Emirates (UAE). The court’s decision annulled all actions and decisions taken by Bengdara in his capacity as NOC Chairman, citing a violation of Libya’s Citizenship Law No. 24 […]

Energy Headlines Libya

Libyan PM dismisses Oil Minister Mohammed Oun amid legal disputes

Libyan Prime Minister Abdul Hamid Dbeibah officially circulated a decision to dismiss Mohammed Oun from his role as Minister of Oil and Gas to the Energy Council (the Ministry of Oil, and the National Oil Corporation). In response, Oun issued a public statement on November 28, asserting that the dismissal was invalid. He revealed that […]

Emerging Markets Energy Headlines Libya

Libya: Al-Waha Oil Company registers highest production in 11 years

Al-Waha Oil Company has achieved its highest oil production level in over 11 years, according to an announcement by the National Oil Corporation (NOC) on Wednesday, November 27. Daily production for Al-Waha reached 350,549 barrels of crude oil, contributing significantly to Libya’s total crude output of 1,380,470 barrels over the past 24 hours. Additionally, Libya’s […]

Headlines Libya

Ship Ocean Viking rescues 48 migrants off Libya

The humanitarian rescue ship Ocean Viking, operated by SOS Méditerranée, rescued 48 migrants on November 26 from a distressed boat off the Libyan coast. The majority of those saved were minors, a fact underscoring the vulnerability of the group. The rescue operation was initiated following a VHF radio alert from a NATO surveillance plane, which […]

Community Headlines Libya

Libya addresses conditions of citizens imprisoned abroad

Libya is seeking to address the pressing issues related to Libyan nationals detained in foreign prisons, with focus on their status and welfare. To this end, the Ministry of Foreign Affairs hosted in Tripoli, on Tuesday, a meeting that was attended by officials from the Ministry of Justice. The meeting reviewed detailed databases of cases […]

Africa Headlines International Libya Morocco

Relevance of Skhirat, Bouznika processes to resolve Libyan crisis reasserted by AU-PSC

The African Union’s Peace and Security Council (PSC) has reasserted the relevance of the Skhirat and Bouznika processes to resolve the Libyan crisis. In a communiqué issued at the end of its 1244th meeting, held on November 12, the AU PSC reiterated that “the Skhirat Agreement, signed on December 17, 2015, resulting from the reconciliation […]

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Libya elected chair of International Olive Council

Libya has been elected to chair the International Olive Council (IOC), formerly the International Olive Oil Council, for a one-year term. The election took place during the 120th session of the IOC, held this week in Spain. Libya competed against Uruguay and Israel for the position. Iran, the outgoing chair, had sought an extension of […]

Finance Headlines Libya

Libya: HoR Speaker announces further tax reduction on foreign currency transactions

Speaker of Libya’s House of Representatives (HoR), Aqila Saleh, announced on Wednesday, November 20, a further reduction in the tax on foreign currency transactions, lowering it to 15% from the previous 20%. This adjustment applies to all purposes and marks the second decrease in what is commonly referred to as the “dollar tax.” Last October, […]

Africa International Libya

Libya, Chad sign MoU to regulate workforce mobility

Libya and Chad have formalized this week a Memorandum of understanding to regulate the movement and employment of Chadian workers in Libya. The MoU represents a key step in improving labor relations and legal frameworks for workforce movement between the two countries. According to the media office of Libya’s Ministry of Labor, the MoU is […]

Energy Headlines Libya

Libya: Tension in Zintan region after officer’s kidnapping

In Libya, oil infrastructure is once again being used as leverage to pressure the Tripoli Government. On Tuesday, residents of Zintan shut down the oil valves in protest over the kidnapping last Wednesday of Brigadier General Mustafa al-Whayshi, the director of the Central Security Department within the intelligence service. His kidnappers have not yet come […]