"The risks and threats arising from Libya persist for Türkiye and the entire region. In case of the resumption of attacks against the legitimate government, Türkiye’s interests in both the Mediterranean basin and North Africa will be adversely affected," the motion submitted to the parliament on Friday noted.

November 25, 2023 00:43 UTC

Slovenia qualify for the Euros for the first time since 24 years… and second time ever! "It could have ended in tragedy" – Lionel Messi 😨Brazil v Argentina was delayed by crowd trouble. 🌍 CAF 2026 FIFA World Cup Qualifiers: Comoros 1-0 GhanaThe World Cup qualifiers in Africa always produce plenty of drama and upsets, and the first couple of rounds of fixtures were no exception. A good day for underdogs in African World Cup 2026 qualifiers:🇰🇲 Comoros beat Ghana🇷🇼 Rwanda stun South Africa🇧🇼 Botswana upset Guinea🇱🇾 Libya hold CameroonAfrica's World Cup qualifiers are never short of drama! 🇦🇷 Copa Argentina: Boca Juniors 2-3 EstudiantesA crucial cup semi-final in Argentina had implications beyond the tournament itself for one of the country’s biggest clubs.

November 24, 2023 13:01 UTC

Libya’s parastatal National Oil Corporation (NOC) has exported its first shipment of Erawin crude oil. Produced from the Erawin onshore field, the crude oil had been exported through oil and gas exploration company, Zallaf Libya Oil and Gas. Announced on 16 November, the inaugural shipment was estimated at 600,000 barrels and was exported through the Port of Zawiya in northwestern Libya. Production at the Erawin field commenced in March 2023 with an initial production rate of 3,000 barrels per day (bpd), which has since increased to a rate of 6,000 bpd as of November. Oil production from the field is expected to reach more than 16,000 bpd pending completion of all wells and pipelines linking the Erawin field to the Sharara field export route in Libya’s Murzuq Desert.

November 24, 2023 12:59 UTC

Libya’s oil minister has accused international oil companies operating in the country of taking advantage of the political instability in the country to delay their development plans. Earlier this year, Libya’s National Oil Corporation issued a statement saying that oil majors including BP and Italy’s Eni had lifted the force majeure declared on their Libyan operations, effectively returning to the country. At the time, the National Oil Corporation said the international companies had notified it of their intentions to resume their contractual obligations with the Libyan state oil company. The tender will be held in 2024 and should help Libya move closer to its target of 2 million bpd in daily oil output by 2026. Libya is currently producing some 1.24 million bpd, according to the National Oil Corporation.

November 24, 2023 12:01 UTC

Premier LeagueOnana was withdrawn from the Cameroon squad for precautionary measuresGoalkeeper Andre Onana of Manchester United will be ready for the trip to Everton despite suffering a groyne injury while on overseas duty. Onana returned to Manchester on Sunday and exercised twice with United after skipping Cameroon’s match against Libya. For an estimated £4.3 million, United acquired Bayindir from Fenerbahce at the beginning of the season as a backup to Onana. After spending £4.3 million to join Manchester United from Fenerbahce in the summer, Bayindir remains impatient to make his senior team debut. Marcus Rashford also picked up a knock during the November international break but the forward should be fit for the Everton clash.

November 24, 2023 11:08 UTC





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November 24, 2023 09:05 UTC

The Chairman of the state National Oil Corporation (NOC), Farhat Bengdara, hosted Tuesday at the NOC’s Tripoli headquarters, several members of the NGO, the Libyan Economic Salon. The meeting discussed several topics related to the oil sector, most notably the NOC’s strategy for development, increasing production rates, and the possibility of financing the oil sector from outside the state budget. In an exclusive interview with Libya Herald, the Executive Director of the Economic Salon and Professor of Accounting at the Academy of Graduate Studies, Dr. Abu Bakr Abu Al-Qasim, said that several files were raised during the meeting. In a positive response, Bengdara agreed to the request, the Abu Al-Qasim reported, instructing the administration to publish information on a daily, monthly, and quarterly basis. 45 projects at US$17 billion agreed for increased oil production: But how?

November 24, 2023 07:32 UTC

The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, hosted in the Ministry’s Tripoli headquarters Wednesday several Greek business owners and companies wishing to enter the Libyan market. The Minister affirmed the desire of the Libyan government to develop trade relations between the private sector in the two countries and enhance its role in implementing the ministry’s plan towards transitioning to a knowledge economy and mutual benefit through a true partnership in areas of common interest. He added that the ministry provides the necessary facilities and support in registering companies and trademarks and approving investment projects under the supervision of the Ministry’s Privatisation and Investment Board (PIB). At the conclusion of the meeting, it was agreed to organise an expanded meeting that includes business owners and companies from both countries under the supervision of the Ministry of Economy and Trade.

November 24, 2023 06:33 UTC

To this end, the SRSG has requested the institutional stakeholders to designate representatives to participate in a preparatory meeting. At this preparatory meeting, the designated representatives of the Presidential Council, House of Representatives, High Council of State, Government of National Unity and the General Command of the Libyan National Army will discuss the date, venue, and agenda of the meeting of their Principals. They will also identify the outstanding issues that need to be resolved to enable the High National Elections Commission to commence the implementation of the electoral laws issued by the House of Representatives (HoR). These stakeholders include political parties, military and security actors, elders and notables, cultural and linguistic components, academics, youth, women and civil society. SRSG Bathily calls on stakeholders to show their full commitment to achieving national unity, peace and security in Libya, by engaging positively with his efforts to break the political deadlock.

November 24, 2023 06:18 UTC

QNABaku: Minister of Labour H E Dr. Ali bin Smaikh Al Marri met Minister of Labour, Rehabilitation and Civil Service of the Government of National Unity in Libya H E Ali Al Abed, on the sidelines of the Fifth Islamic Conference of Labour Ministers in the Azerbaijani capital, Baku. During the meeting, ways to enhance joint cooperation were discussed, especially in the areas of the labour sector, and the Qatari experience in improving the work environment was reviewed.

November 24, 2023 05:34 UTC

TRIPOLI, Nov 23 (Reuters) - Libya's Ras Lanuf company has resumed production at a polyethylene factory after a 12-year hiatus, with production capacity of 240,000 tons per day, its parent state oil firm NOC said on Thursday. Ras Lanuf oil and gas company operated the factory along with an ethylene factory, which supplied it, that had resumed a 330,000 tons per year production at the end of October. "This is the first time that the factory has been operated by supplying it with the raw material ethylene gas through a thermal cracking plant after a hiatus that lasted for more than 12 years," the NOC said. Separately, NOC said that another subsidiary, Sirte Oil Company, reached a crude oil production of 93,500 barrels per day from the company's fields, the highest since 2021The OPEC member state's total oil output has reached 1.2 million barrels per day. (Reporting by libya's Reuters newsroom; editing by David Evans)((ahmed.elumami@thomsonreuters.com; @AhmedElumai;))The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

November 24, 2023 01:50 UTC

The Attorney General’s Office announced Tuesday that the Public Prosecutor is charging the treasury official at the Jumhouria Bank, Ain Zara branch of fraud for LD 296,500. The official is accused of carrying out illegal banking operations through which he sought to achieve financial benefits for himself by intentionally deducting LD 296,500 to use bank instruments that were falsely attributed to one of the bank’s customers. Then the accused deliberately concealed these instruments to complicate tracking the procedures related to them. The investigator ordered the accused to be detained pending the case.

November 23, 2023 18:00 UTC

TRIPOLI (Reuters) - The United Nations' envoy to Libya on Thursday asked the country's main powerbrokers to designate representatives for a meeting aimed at reaching an election settlement, part of an apparent new push for a national vote. The last big push to hold an election, in December 2021, collapsed at the last minute because of disputes over the rules. One major obstacle now is disagreement among Libya's factions over whether a new government must be installed to oversee the process. The United States, Britain, Germany, Italy and France issued a joint statement backing the move as an opportunity to "set Libya on the path to long-term stability". (Reporting by Reuters Libya newsroom; Editing by Angus McDowall and Alexandra Hudson)

November 23, 2023 17:54 UTC

TRIPOLI : The United Nations' envoy to Libya on Thursday asked the country's main powerbrokers to designate representatives for a meeting aimed at reaching an election settlement, part of an apparent new push for a national vote. The last big push to hold an election, in December 2021, collapsed at the last minute because of disputes over the rules. One major obstacle now is disagreement among Libya's factions over whether a new government must be installed to oversee the process. The United States, Britain, Germany, Italy and France issued a joint statement backing the move as an opportunity to "set Libya on the path to long-term stability". (Reporting by Reuters Libya newsroom; Editing by Angus McDowall and Alexandra Hudson)

November 23, 2023 17:24 UTC

Libya's oil and gas minister has accused some international oil companies operating in the OPEC member of taking advantage of lax security in the country's restive oil regions caught in fighting bouts since 2011, slacking off in implementing their development plans and seeking better contractual terms. IOCs are also exploiting Libya's need for petrodollar revenue and foreign expertise to develop its resources to exact better contractual terms from NOC, he added. Licensing roundDespite issues with IOCs, Oun said Libya is moving ahead with plans to boost its oil production capacity to 2 million b/d in three-to-five years, with the help of existing IOCs and the development of existing fields and discoveries. Libya is also keen to boost its gas production, which hovers around 2.6 bcf/d, by tapping its 56 TCF reserves to add an extra 2 bcf/d. Libya, through the Mellitah Oil & Gas joint venture between Eni and NOC, exports between 300-400 MMcf/d to Italy via the Greenstream pipeline.

November 23, 2023 16:16 UTC