First Independent Mena Newspaper
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication of workers at production sites across the country, despite persistent challenges such as delays in the disbursement of the […]
King Mohammed VI has sent a message of congratulations to President of the Libyan Presidential Council, Mohamed Younes El-Menfi, on his country’s Independence Day. In this message, the King welcomed the ties of brotherhood and cooperation binding Morocco and Libya, and reiterated the Kingdom’s commitment to further reinforce and develop bilateral relations, in order […]
A World Bank report released this week estimated that Libya’s economy suffered losses amounting to $600 billion over the past decade, calculated at 2015 constant values. These staggering losses underscore the severe impact of prolonged conflict and political instability on the nation’s economic potential. The report highlighted that without these disruptions, Libya could have achieved […]
The head of the Tunisian Observatory for Human Rights, Mustafa Abdelkabir, has confirmed on December 17 the release of a second group of Tunisian nationals detained in Libya, who had been held for over two weeks on charges related to customs violations. These infractions stemmed from transporting goods in quantities exceeding the legally permitted limits. […]
A source familiar with Libya’s oil sector has alleged that the National Oil Corporation (NOC) is publishing inflated production figures to evade accountability for the utilization of a 60 billion Libyan dinar budget allocated to increase oil output. According to the source, OPEC’s monthly report, released on December 13, 2024, stated that Libya’s crude oil […]
Libya’s state-owned National Oil Corporation (NOC) declared force majeure at its 120,000 b/d Zawiya refinery on Sunday following clashes between armed groups near the facility. NOC said a number of storage tanks were hit, causing fires. These were subsequently brought under control, it added. Zawiya is Libya’s largest operational refinery, with most of its production […]
The Libyan Government of National Unity has called on Moscow to provide an urgent explanation regarding the Russian Embassy’s recent travel warning for Libya. Issued on Thursday, December 12, the advisory discourages Russian citizens from traveling to Libya, citing risks to safety, and comes in the wake of the arrest of a Russian citizen in […]
Congo-Brazzaville President Denis Sassou N’Guesso conducted a three-day visit to Libya from December 9 to December 11, marking his first trip to the country since 2011. Acting in his capacity as Chair of the African Union High-Level Committee for Libya, Sassou N’Guesso engaged in talks with key Libyan officials in both Tripoli and Benghazi. His […]
The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]
The fall of Syrian long-time dictator Bashar al-Assad’s regime could lead to Russia losing its military bases located in the country and, if this happens, it could have serious consequences for the Kremlin’s operations and power projection in Libya and sub-Saharan African countries, says a latest report by the American Institute for the Study of […]