First Independent Mena Newspaper
Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]
Libyan National Army (LNA) forces, led by military veteran Khalifa Haftar, Sunday pushed back attempts by the Petroleum Facilities Guard (PFG) to re-take two oil ports that they had lost several days ago, reports say. LNA released pictures of destroyed vehicles, claiming they belong to the PFG, Libya Herald reports. PFG, commanded by Ibrahim Jadhran, […]
Head of Libya’s Unified National Oil Corporation (NOC) Wednesday announced immediate exportation of the Libyan oil following capture of oil crescent by General Khalifa Haftar forces despite threats of sanctions by western powers supporting the Government of National Accord (GNA), reports say. chairman of the NOC Mustafa Sanalla visited Zueitina; one of four oil terminals […]
The recent takeover by Libyan forces of the coastal city of Sirte from IS, is a major setback for the terrorist organization. Yet, this victory against a common enemy that brought together Libya’s rival militias in a united front against IS raises concerns regarding Libya’s unity. Despite UN-led support for the Government of National Accord […]
UNSMIL Head Martin Kobler Monday received a blow as Libyan army commander backed by the House of Representatives (HoR) threatened to attack any oil vessels entering Libyan waters if not authorized by National Oil Company (NOC) recognized by the HoR. Army Chief of staff Abdelrazak Nazhuri said the vessels will be attacked by army aviation […]
National Oil Corporation (NOC) chairman Mustafa Sanalla sent a letter to UN special envoy Martin Kobler warning him of the consequences of his meeting with “one of the most despised individuals” in Libya, Ibrahim Jadhran, ahead of announcing an agreement to open ports blockaded by Jadhran for almost 3years. A dismayed Sanalla discouraged Kobler from […]
Libya’s state-owned National Oil Corporation (NOC) accused the Tobruk-based government led by Prime Minister Thinni of stopping the state from earning the much needed revenue from oil sales by blocking loading at the Marsa al Hariga port. Tripoli-based NOC warned in a statement that stopping the exportation of oil will heavily impact the value of […]
The oil tanker flying Indian flag accused by the United Nations and the Libyan National Oil Company (NOC) of carrying illegal oil on behalf of the Libyan rival government based in the East has finally returned the shipment to the unity government, Head of the NOC said on Sunday. “Thanks to the intervention of the […]
Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]
Libya’s oil sector suffered a major attack on Thursday as the Islamic State group destroyed oil storage tanks at Ras Lanuf port after its successive attacks to take over the port failed. National Oil Corporation (NOC) stated that areas around the terminal are dealing with an “environmental catastrophe” with the fire services unable to access […]