Alparslan Bayraktar's remarks came on Saturday at the Libya Energy and Economic Summit 2024, organised by Energy Capital and Power (ECP) under the theme, "A New Libya: Built on Energy" in collaboration with prominent entities, including the Libyan Prime Ministry, the Ministry of Oil and Gas, the National Oil Corporation (NOC), and the Renewable Energy Authority of Libya.
Speaking on the opening day of the Libya Energy and Economic Summit 2024 (Tripoli, 13 to 14 January) Libya’s Minister of Oil and Gas, Mohamed Aoun, said the importance of the summit is to embody the Libyan state’s orientation towards production, stability, and development. He said Libya has riches on the African continent that have not yet been explored, and leaving these riches behind is difficult and expensive, and Libya must benefit from them. He said Libya’s future is very big in the field of oil and gas with large reserves, and 30 to 40 percent of Libya’s area is still unexplored for hydrocarbons.
TRIPOLI, Jan 13 (Reuters) - Libya's oil output has dropped to just under one million barrels per day (bpd) following the closure of the 300,000 bpd Sharara field by protesters last week, oil minister Mohamed Oun told Reuters on Saturday. (Reporting by Ahmed Elumami Editing by Mark Potter)
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LIBYA’S NATIONAL OIL OUTPUT DROPPED BY JUST UNDER ONE MILLION BPD FOLLOWING THE CLOSURE OF SHARAR FIELD - OIL MINISTER SAYS
President of the Presidential Council of Libya H E Dr. Mohamed Al Manfi with meeting Ambassador of Qatar to Libya H E Khalid Mohammed Al Dosari. During the meeting, the two sides discussed cooperation and ties between the two countries. Legal Disclaimer:MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
It has developed ambitious plans and strategies through which it aims to return Libya to the forefront of the energy sector by increasing production. The oil and gas industry faces many difficulties that require cooperation between state institutions and the national and foreign private sector. The NOC’s goal is to raise production to 2 million barrels per day, which is linked to developing our partnerships with foreign companies. The NOC chairman did not mention the local demonstrators forcing the Sharara field to stop production and the NOC being forced to declare a force majeure at the field. Finally, on a personal basis, there is a court case against the NOC chairman challenging his legitimacy as chairman for allegedly holding an Emirati passport.
The Public Prosecutor, in the Attorney General’s Office ordered the detention, pending trial, of the Assistant of the General Department of Settlements and Deputy Manager of the Jumhuria bank, Surman branch for a LD 10 million fraud. They are accused of collecting illegal material benefits within the bank branch by designing a plan to deduct the amount from the bank’s account by making successive bank transfers to the accounts of relatives. This would camouflage the origin of the proceeds and make it difficult to track them and make the act of seizing the amount easier.
In the context of searching for alternative sources for generating clean energy, he said attention must be given to renewable energies that allow the use of solar energy technologies. He referred to the launch of the National Strategy for Renewable Energies last December by his government. The SummitOn the summit, he told the gathered ‘‘Your presence today is a great support for the government’s efforts to enhance stability and enhance the investment environment. This event encourages capital to invest in Libya, which is what we are working on through the ‘‘Return to Life’’ projects. Libya launches National Strategy for Renewable Energies and Energy Efficiency 2023-2035 (libyaherald.com)Workshop on PPP in Early Production Facilities in oil and gas – Energy sector needs better governance and a national strategy (libyaherald.com)Tripoli Libyan government evaluates its renewable energy strategy (libyaherald.com)REAoL and Ministry of Industry activate Go Green Initiative’s mosques solar electrification project (libyaherald.com)
Libya and Saudi Arabia have signed the Hajj Agreement Protocol for the year 2024, as part of the current arrangement for operating Libyan flights. This came during the Deputy Minister of Hajj in Saudi Arabia, Abdel Fattah Mashat, received the Chairman of the General Authority for Hajj Affairs, Ali Al-Bashir, and a number of officials of the Authority to discuss important issues related to Hajj affairs.
IoT solutions provider Quectel Wireless Solutions has certified its satellite-compatible module, the CC660D-LS, for use on Skylo’s network. This certification enables IoT and satellite connectivity for any standard device that incorporates the module. It is equipped to support 3GPP Release 17 IoT non-terrestrial network (IoT-NTN) connections, reflecting its advanced capabilities. Quectel said that working with Skylo will help their customers achieve their goals in IoT and stay connected wherever they are. “This certification is a testament to our commitment to providing the most reliable and expansive satellite based IoT connectivity.
2024 should be a remarkable year of achievements in the space industry. AI is benefiting the satellite industry by enhancing the on-orbit efficiency of platforms. Industry CollaborationNASA and the Space Development Agency (SDA) have played a vital role in nurturing a vibrant industrial base of collaborative commercial space companies in the United States. By looking beyond traditional large contractors to deliver technology rapidly, governments have helped transform the space industry. Strategic alliances will continue to develop and intensify in the space industry.
The PeninsulaPresident of the Presidential Council of Libya H E Dr. Mohamed Al Manfi with meeting Ambassador of Qatar to Libya H E Khalid Mohammed Al Dosari. During the meeting, the two sides discussed cooperation and ties between the two countries.
France, Germany, Italy, Japan and Spain ranked first with their passports that easily access 194 countries visa-free. One hundred ninety-nine passports were assessed, and countries’ passport positions ranged from first to 104th, with several nations tied in the same positions. Nigeria, together with Iran, Lebanon and Sudan, ranked 95th. Other African nations, including Ghana, which placed 76th; Benin Republic 79th, Togo 83rd, Nigér Republic 85th, all have better rankings than Nigeria. Last year, Nigeria ranked 180th of 199 nations and has consistently ranked lower in previous years.
LUNO A will replace the $60 million Economic Indicator Monitoring (EIM) contract awarded in August 2021. The original EIM contract was for $29 million and was expanded to $60 million due to strong demand for the unclassified analytics and services. “Because of the incredible success with the EIM contract, we’ve substantially increased our financial commitment to commercial capabilities with LUNO A,” Devin Brande, director of NGA Commercial Operations, said in a statement. Those areas are general change detection, climate security and natural resources, feature identification, infrastructure and high cadence transportation network monitoring, facility monitoring, incidental and fortuitous processing, and emerging products, data and services, NGA said. The current contractors that compete for task orders on the EIM contract are BAE Systems, Ball Aerospace, BlackSky Technology, Continental Mapping Consultants, and Royce Geospatial Consultants.
