Libya’s state National Oil Corporation (NOC) announced Sunday that the Austrian energy company OMV will resume exploratory drilling operations in the blocks awarded to it in February 2024. The NOC said it discussed with representatives of the Austrian company the work it carried out this year, and the work programmes to be implemented next year, especially after the company lifted force majeure last September.

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A defense accord is being hammered out between Russian President Vladimir Putin and Libya’s eastern military commander Khalifa Haftar following their meeting in Moscow in late September, according to people briefed on the matter, who asked not to be identified discussing sensitive issues. Russia is moving to expand its military presence in eastern Libya, a plan that could lead to a naval base, giving it a significant foothold on Europe’s southern doorstep. Before it’s here, it’s on the Bloomberg TerminalGet in TouchHave a confidential tip for our reporters? Get in TouchUp NextPutin’s Move to Secure Libya Bases Is New Regional Worry for US

The Attorney General’s Office reported last Thursday that an official in the Constitutional Drafting Authority (CDA) has been detained pending his trial accused of embezzling LD 6.16 million of the CDA’s money. He disposed of LD 6,160,264 million in ways other than the approved ones. He contributed to committing the incident of achieving illegal material benefits for others by enabling fifty people to withdraw sums of money from the CDA’s accounts without being part of the CDA’s employment framework. He handed over motor vehicles owned by the CDA to people who did not work in the CDA. Thus, the investigator ordered the accused to be detained pending investigation.

Several meetings were held between the two sides at the Moroccan Libyan Business Forum held from 1 to 3 November at Tangiers, Morocco. For his part, Abu Hisa stressed the importance of activating bilateral relations and work partnerships in a way that serves the common interests of the two countries. Moroccan Exporters AssociationLast Friday, Minister Abu Hisa met the President of the Moroccan Exporters Association at the association’s headquarters in Casablanca. Industrial Forum to be held in LibyaMinister Abu Hisa invited the President of the Moroccan Exporters Association to hold a large industrial forum in Libya attended by businessmen from both parties, with the participation of financial institutions and banks. On the sidelines of the forum, an accompanying exhibition was held with the participation of 13 Libyan companies registered in the Libyan Export Promotion Centre’s (LEPC) Exporters’ Registry, along with several Moroccan companies.

Today's Wordle Credit: Erik KainSee yesterday’s Wordle #868 right here. Wordle Bot AnalysisAfter each Wordle I solve I head over to the Wordle Bot homepage to see how my guessing game was. Flame is a word I use from time to time as a stand-in for slate which is Wordle Bot’s favorite word. Today’s Wordle EtymologyThe word "flare" has its roots in Middle English, coming from the verb "flaren" which means to spread out. I’ve been playing a cutthroat game of PvP Wordle against my nemesis Wordle But.

The Attorney General’s Office announced last Sunday (29 October) that Tripoli Criminal Court convicted the Wehda Bank, Mamoura branch, Current Accounts Manager for 10 years imprisonment for LD 300,000 fraud. The Attorney General’s Office reported that the convict conducted illegal banking operations on the accounts of the Brega Oil Marketing Company through forgery to facilitate the withdrawal of the amount and abused his position of authority to achieve illegal material benefit.

The Libyan United International Company (LUIC), one of the newly established private sector companies working in the field of communications, signed a contract last Thursday to connect Libya to the Medusa submarine cable project. The Medusa submarine cable system connects all of Libya to Europe with the countries of the Mediterranean Basin, including Italy, Spain, Portugal. Make Libya an important hubRehab believes that hosting the Medusa submarine cable system within the communications infrastructure in Libya will enable the provision of additional communication solutions and enhance the diversity of the submarine cable infrastructure, which represents a significant step in the Libyan communications sector and contributes to making Libya an important hub for linking Europe to Africa. 26 months required for connectionThe connection to the Medusa cable, he revealed, will require approximately 26 months. It will also facilitate access to all European landing stations, especially since the Medusa submarine cable system segments contain 24 pairs of fibres, transmitting approximately 20 Tbps per fibre pair.

The Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, followed up last Thursday with the Chairman of the Medical Supply Organisation (MSO), Abdulaziz Shamam, on the measures taken by the MSO to complete the contractual procedures for the companies that were awarded medical supply bids. Medicines to be supplied only through LCs and from official manufacturers/suppliersAldabaiba issued instructions to the MSO on the necessity of continuing coordination and cooperation with the tender committee to implement all needs for medicines and medical supplies. The Tripoli government said the PM stressed that medicines should not be provided by direct commission or from non-manufacturing companies or unofficial distributors. Develop a modern medicines distribution and control systemHe also directed the MSO to implement a system for distributing medicines to sub-warehouses and health facilities, and to develop a plan to follow up on their arrival to those who deserve them. There should be no medicine shortagesFinally, the Tripoli Libyan government reported, Aldabaiba stressed the need for all parties to play their role in supplying medicines on a regular and timely basis.

On Thursday, the Dutch Embassy in Libya announced that last week, a delegation from the Tripoli, Benghazi and Sebha branches of the Central Bank of Libya visited The Hague for a training programme. The training was on leadership development and was supported by the Embassy and the Netherlands Enterprise Agency (RVO). The embassy reported that the training programme focused on communication and negotiation skills, political sensitivity, and development of strategy and vision. At the end of the programme the trainees were awarded certificates.

The Bench also declared Section 2(d) (1) and Section 59(4) (civil offences) of the Pakistan Army Act unconstitutional. The court ruled that cases of 102 civilians, involved in the incidents of May 9, shall be conducted in civilian criminal courts. On May 9, the Parliament of Pakistan has clearly passed a resolution that the involved evildoers should be tried in military courts. - Advertisement -The Supreme Court and high courts have often held that trials under the Army Act are valid trials. The question arises, should such attackers be tried in civilian courts, while they have committed the offences in military areas?

After the collapse of the regime and the disintegration of Libya, many of these companies resorted to international arbitration to obtain compensation, after their business stopped due to the events of the Libyan revolution, and the political and security tensions that followed, benefiting from provisions in the investment law that permit resorting to international arbitration. The Turkish construction company Cengiz Ensat also won a legal ruling against the State of Libya, requiring it to pay 50 million euros for contracts completed by the group before 2011. As for the largest compensation that the Libyan State is now threatened to pay, it is to the Kuwaiti Al-Kharafi Company, with a value that has now exceeded 1.150 billion dollars due to interest. Despite its departure from the country in February after exhausting the full value of the contract without any completion, this company resorted to… to international arbitration to demand 129 million Libyan dinars. According to the Audit Bureau, the Housing and Utilities Projects Authority addressed the Audit Bureau with the need to release some balances in order to complete the executive formula based on the compromise ruling with the company, which the Bureau rejected due to suspicions of corruption in the contract at all its stages, starting from the date of its conclusion in 2007.

More than 260 Libyan and international companies on Wednesday attended a forum in Benghazi organised by the country’s eastern authorities with the hope of rebuilding the flood-ravaged city of Derna. Libya has been battered by armed conflict and political chaos since a NATO-backed uprising led to the toppling of dictator Moamer Kadhafi in 2011. “The primary objective of this forum is to discuss and consult on a specific vision” for the reconstruction of Derna, said Oussama Hamad, head of the eastern government. The European Union mission in Libya said in a statement on Wednesday it was “only considering participating as observers at technical level to the Benghazi conference”. “Our attendance will not constitute an endorsement of any unilateral reconstruction initiatives, or of the status of any Libyan participants,” it added.

The decision has been taken to reschedule the second edition of the Libya Energy & Economic Summit. Originally scheduled for November 8-9, 2023, the investment summit will now be held on January 13-14, 2024. In line with plans to increase oil and gas production, as well as ambitions to make Libya a leader in renewable energy and associated technologies, the coming months will see groundbreaking investments initiated across the Libyan energy industry.

Algeria’s national oil company Sonatrach has announced that it will resume oil operations in Libya, after suspending its activities on and off since 2011 due to security concerns. Sonatrach’s CEO, Rachid Hachichi, initiated a conversation with the Chairman of Libya’s National Oil Corporation (NOC), Farhat Bengdara, to discuss the resumption of oil operations in Libya. The announcement comes after Sonatrach officially lifted its force majeure in the country last August.