OPEC increased oil production last month as Libya restarted its biggest field, while other members faltered in the delivery of new cutbacks. The group’s output rose by 110,000 barrels a day to 26.68 million a day, according to a Bloomberg survey, as the North African nation ramped up the Sharara field, which was closed earlier in the year due to protests.
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The fate of Libya’s Sarir Oil Operations (SOO) concessions which produced 40,000 b/d for 2023 remains up in the air. More commonly referred to as ‘Wintershall’, the concessions on contract areas 91 and 107 in the Sirte Basin, are operated by ‘Wintershall Libya,’ which in turn is owned 51% by Germany’s Wintershall Dea and 49% by Russian state firm Gazprom. (CONTINUED - 1154 WORDS)
The threat of oil and gas blockades continues to destabilize Libya’s lifeline hydrocarbons sector, with renewed protest-led disruptions further stalling the country’s ambitious output targets. On 25 February, Libya’s Petroleum Facilities Guard (PFG) ended a brief shutdown of the country’s Greenstream gas pipeline link to Italy after the Tripoli-based government agreed to meet their demands for higher wages. (CONTINUED - 916 WORDS)
“We have announced seven or eight marginal fields already and have seen big interest from more than 30 companies,” said Farhat Bengdara, Chairman of the NOC, said in London on Tuesday. The Chairman outlined Libya’s efforts to increase production from 1.25 million to 2 million barrels per day (bpd) in the next two to three years. To achieve this target, the NOC has 45 greenfield and brownfield projects in the pipeline, to be developed at an estimated cost of $17-18 billion. “We need to ensure price stability for the coming years so that there is a healthy environment for increasing production,” said Bengdara. Libya also currently flares over 400 million cubic feet of natural gas and has 12 projects underway aimed at reducing gas flaring to near zero.
Amid efforts to strengthen military medical cooperation, a French military medical delegation recently concluded a visit to Libya's capital, Tripoli, highlighting the growing ties between France and Libya in the health sector. AdvertismentStrengthening Military Medical TiesThe delegation's journey began with a significant visit to Mitiga Military Hospital, reflecting the delegation's commitment to deepening Franco-Libyan relations in the military medical field. Looking Forward: A Path to Enhanced CooperationThe French delegation's visit marks a pivotal step towards bolstering military medical cooperation between France and Libya. By exploring opportunities for partnership and knowledge exchange, both nations aim to advance healthcare services within the Libyan military and beyond. As the French military medical delegation concludes its exploratory mission in Libya, the visit stands as a testament to the potential for enhanced cooperation and partnership in the health sector between the two countries.
Former Kumasi Asante Kotoko SC midfielder Richard Boadu played great on Thursday. He helped Al Ahly Benghazi win 3-0 against Al Tahaddi. Al Ahly Benghazi played against Al Tahaddi. At halftime, Al Ahly Benghazi was winning. Al Ahly Benghazi won comfortably.
The meeting of members of the House of Representatives and the High Council of State held in Tunis on 28 February with the declared intention of installing a new government in Tripoli represents a “unilateral initiative that could lead to disastrous consequences” in Libya. The United Nations envoy wrote it, Abdoulaye Bathily, in a letter addressed to the two chambers of the Libyan Parliament. The more time passes, the envoy concluded, addressing the members of the House and Senate, "the more you or other parties insist on remaining in your positions, the closer you will bring Libya to the abyss". These five actors should nominate three representatives who will have to sit at the same table to find a compact agreement on the so-called "unresolved issues". Read also other news on Nova NewsClick here and receive updates on WhatsAppFollow us on the social channels of Nova News on Facebook, Twitter, LinkedIn, Instagram, Telegram
Groups like UpRights and StraLi welcomed the “landmark” ruling, urging “Italy to comply with international human rights standards and end its complicity with violations of migrants’ rights.”The court caseThe case in question is a 2018 incident. A lower Italian court prosecuted the ship’s captain in 2021, finding him guilty of violating international humanitarian and refugee laws. Overall, Human Rights Watch estimates at least 25,313 people have died in the Mediterranean Sea since 2014. The verdict also holds legal relevance amid ongoing legal disputes between human rights organisations and the European government over ‘push-and pull-back’ operations. One such case was filed in 2017 in the European Court of Human Rights by the Global Legal Action Network, after reports emerged of survivors being sold, beaten, raped, and electrocuted.
The National Industry Promotion Authority (NIPA) to is hold a workshop on the packaging sector entitled ‘‘Challenges Facing the Packaging Sector in Libya’’. NIPA says this comes within the framework of promoting national industry and enhancing the quality and competitiveness of national products. The event is being held under the supervision of the Ministry of Industry and Minerals and in cooperation with the Libyan Export Development Centre (LEPC). A meeting was held yesterday at the LEPC’s headquarters with members of the organising committee to deal with the latest developments in preparation for holding the workshop. The objectives and scientific topics of the workshop were also determined, and the day for holding the event was chosen.
The Libyan French Agriculture Forum was held last Tuesday (27 February) on the sidelines of the International Agricultural Exhibition in Paris, held from 24 February to 3 March. The Libyan General Union of Chambers of Commerce and Industry represented Libya at the event. The exhibition, it reported, is considered one of the largest and most famous exhibitions in the field of agricultural products, livestock and food industries. It gave the General Union the opportunity to participate in it on behalf of Libya for the first time in its sixtieth session. In the forum, in the presence of interested parties from the French and Libyan sides, the agricultural situation in Libya was presented, and the need to create a partnership between Libyan and French companies to serve the agricultural sector in Libya, develop it, and benefit from the high experience that France has in this field, was discussed.
The Gaza health ministry condemned the "massacre" in Gaza City, saying 112 people were killed and more than 750 wounded. Saudi Arabia's foreign ministry condemned the deaths and reiterated "the need to reach an immediate ceasefire". France's foreign ministry said "the fire by Israeli soldiers against civilians trying to access food is unjustifiable". Writing on the social media platform X that Palestinian "civilians have been targeted by Israeli soldiers", French President Emmanuel Macron expressed his "strongest condemnation" of the killings. "We strongly urge Israel to protect the people in Gaza and to rigorously ascertain facts and responsibilities," he said on X.
FILE - Residents displaced from a surge of violent attacks squat on blankets and in hastily made tents in the village of Masteri in west Darfur, Sudan, on July 30, 2020. Paramilitary forces and their allied militias fighting to take power in Sudan carried out widespread ethnic killings and rapes while taking control of much of western Darfur that may amount to war crimes and crimes against humanity, according to a new report to the U.N. Security Council, obtained Thursday, Feb. 29, 2024, by The Associated Press.
The government will be doing its utmost to strengthen commercial relations between Malta and Libya, Foreign Minister George Vella said today. He was speaking during a meeting with a delegation from the Matla-Libyan Chamber of Commerce. The meeting discussed several issues of interest to Maltese businesses in Libya and on how cooperation between the two countries could be increased for a bigger presence of Malta in Libya. Libya was now returning to stability and this should serve as an advantage for those who wanted to explore trade opportunities between the two countries. The Maltese government wanted to improve relations by addressing the difficulties that could come up, including those related to the issuing of visas.
Libya’s House of Representatives and High Council of State took note of the Central Bank’s warning against excessive spending by the Government of National Unity, calling for an investigation into the expenditures of the Tripoli-based government. This came in a a joint statement today following the conclusion of talks in Tunisia between over 100 members of both chambers. The Governor of the Central Bank of Libya, Saddek Elkaber, has accused GNU’s Prime Minister Abdul Hamid Dbeibeh, unregulated massive spending, which he deemed to be detrimental to the financial sustainability of the state. In a letter addressed to Dbeibeh and published on last Tuesday, Elkaber criticized the pledges that the premier made to increase public salary and welfare grant, among other promises, during in a speech on 14th anniversary of the 2011 Libyan uprising that toppled former leader Muammar Gaddafi.
