Libya’s Prime Minister Abdul Hamid Dbeibah has ordered the suspension of a contentious oil development agreement involving private firm Arkenu, citing growing concerns over transparency, accountability, and potential economic risks. In a directive to the National Oil Corporation, Dbeibah said the deal had triggered public backlash and raised doubts about the management of Libya’s oil […]
Tag: Libya
Libyan Leaders Push Coordinated Reforms to Bolster Economy and Stability
Libya’s Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, held talks with Mohamed Takala to review political developments and advance a unified development agenda. The talks held on Wednesday, April 1, highlighted a shared commitment to aligning institutional efforts to drive development and respond to the expectations of the Libyan people. According […]
Libya: PM urges swift completion of maritime border demarcation with Malta and Greece
Libyan Prime Minister Abdul Hamid Dbeibah called for the acceleration of maritime border demarcation procedures with Malta and Greece, emphasizing the strategic importance of clearly defined territorial waters for Libya’s sovereign rights and regional stability. On 30 March 2026, Dbeibah directed the National Committee for Land and Maritime Border Demarcation, operating under the Ministry of […]
Egypt Turns to Libyan Oil Amid Gulf Supply Disruptions
Egypt is moving to secure alternative energy supplies by negotiating imports of Libyan crude, as disruptions in Gulf shipments strain its refining capacity. Officials said, on Sunday March 29, Egypt is seeking to import at least one million barrels of oil per month from Libya, with talks underway between the National Oil Corporation and the […]
Libya Central Bank to Inject $2.5 Billion to Ease Liquidity Pressures
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 […]
Libya Secures Oil Infrastructure After Discovery of Unexploded Ordnance
Authorities in Libya have recovered on March 25, unexploded ordnance near a key oil pipeline in the western part of the country, following an explosion at the site. The incident has raised fresh concerns about the safety of critical energy infrastructure in the region. According to the Interior Ministry, a Russian-made M-62 aerial bomb weighing […]
Libya Warns of Security, Environmental Risks Following attack on Russian Tanker
The Defense and National Security Committee of the Libyan House of Representatives issued on March 23 a warning over the repercussions of the attack on the Russian liquefied natural gas tanker, Arctic Meta Gas, which occurred earlier this month in international waters of the Mediterranean. The Committee highlighted the drifting tanker near Libyan shores as […]
Libya: Deadly Clashes Erupt between Two Rival Armed Groups in Zawiya
Armed clashes broke out on Sunday, March 22, in Zawiya, a city about 60 km west of Tripoli, leaving one person dead, according to local media reports. A member of the city’s Council of Elders and Notables, Al-Bashti Al-Zahouf, told Al-Mashhad newspaper that the violence occurred in the Dila-Qamouda area, involving two rival armed […]
Libya Convenes Emergency Meeting After LNG Tanker Explosion Off Coast
Libya’s Ministry of Transport has convened an emergency meeting, on March 19, to evaluate the impact of an explosion involving a Russian liquefied natural gas tanker that caught fire off the country’s coast, triggering concerns over sea drift and environmental damage. The high-level meeting brought together key stakeholders, including officials from the environment ministry, naval […]
Libya Raises Maritime Alert as Abandoned Russian LNG Tanker Drifts Towards its Waters
Authorities in Libya have heightened maritime alert levels after a Russian liquefied natural gas tanker, identified as ARCTIC METAGAZ, was spotted drifting uncontrollably towards the country’s territorial waters. The Ports and Maritime Transport Authority reported on Wednesday, March 18, that the vessel is unmanned and unable to manoeuvre, leaving it vulnerable to prevailing winds […]







