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 […]

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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 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 […]

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Libyan olive oil wins three international Awards

The Libyan Export Development Center announced on Wednesday January 1 that Libya secured three prizes in the Al-Ahram International Olive Oil Competition for 2025. A total of 193 olive oil samples from 20 countries participated in the competition. According to the Center’s Facebook post, companies registered in the exporters’ registry won gold and silver medals. […]

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Libya wants to resume direct air and maritime links with Morocco

Libya is interested in opening a direct air route and a maritime link with Morocco to boost economic ties, its transport minister Salem Al Shahboubi said. Sahboubi made the remarks during a meeting with his Moroccan counterpart Abdessamad Kayouh on the sidelines of the 29th General Assembly of the Arab Civil Aviation Organization (ACAO) held […]

Business Headlines Libya

Shipment of 800 cows arrives for Ghout Al-Sultan project in Benghazi

The Ministry of Agriculture and Livestock, operating under Libya’s parallel Government, announced the arrival of a shipment of 800 cows at the Benghazi seaport. The livestock shipment originated from the Port of Marseille in France and was imported by Emaar Libya Holding Company for the Ghout Al-Sultan Production Project, located east of Benghazi. In its […]

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Libya joins African Export-Import Bank

Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank), marking a significant step towards enhancing economic integration within Africa. This milestone was announced to the media over the weekend, although the formal membership occurred earlier in the week. As part of its membership, Libya aims to leverage Afreximbank’s support for several […]