NOC Ramps Up Oil Exploration, Targets Ambitious Production Increases
Libya’s National Oil Corporation (NOC) has unveiled ambitious plans to expand the country’s oil and gas production over the next few years. NOC chairman Farhat Bengdara announced intentions to offer new licensing bids for onshore and offshore exploration by end-2024. Speaking Tuesday at the COP28 climate summit, Bengdara said “we are in initial phases of mapping prospective areas.” The NOC seeks to double Libya’s current oil output to 2 million daily barrels within 3-5 years, eyeing preliminary boosts by 100,000 bpd through existing fields by end-2024. Bengdara also set goals to eliminate all flaring of associated gas by 2030. Rampant gas flaring has plagued Libyan petroleum facilities for decades.
Source:Libya Today
December 05, 2023 11:10 UTC
100 Libyan businessmen in Rome’s Libyan-Italian Economic Forum – to launch new phase in trade relations
With the participation of companies from both countries and under the slogan, ‘‘Libya and Italy: We grow together’’, the Libyan-Italian Economic Forum will be held in Rome tomorrow, Wednesday 6 December. New phase of trade relations to be launchedCommenting exclusively to Libya Herald, about the forum, the President of the Libyan-Italian Chamber of Commerce and the Forum Coordinator, Anwar Abu Sitta, said 100 Libyan businessmen are participating in the forum. He said the forum aims to launch a new phase of trade exchange and economic cooperation, enhance, and develop economic exchange between them, and solve the obstacles facing businessmen in the two countries. Abu Sitta added that the forum comes in accordance with the cooperation agreement concluded between the Libyan and Italian sides of the Joint Chamber of Commerce during the past months. Strengthening private sector economic tiesThe forum, he added, will include dialogue sessions aimed at strengthening economic ties between the private sector in both countries and presenting the problems and difficulties facing companies and business owners dealing in the two countries.
Source:Libya Today
December 05, 2023 11:00 UTC
Libyan and Malaysian advisory councils discuss collaboration
The NESDB team presented a visual presentation that included the most important projects (completed and ongoing for the years 2022-2023) that it is working on in collaboration with implementing stakeholders. In its presentation, the Malaysian delegation conveyed practical experience in supporting the Malaysian government by evolving a new developmental vision. This is based on developing the human element and caring for providing a decent life, promoting the health sector, and then focusing on the national economy. The spotlight was also shed on the most important previous achievements of the advisory council as a supporter of the government despite the obstacles it faced due to the succession of governments and periods of (relative) instability that Malaysia went through. NESDB signs agreement with Malaysia Consultative Council to benefit from its development experience (libyaherald.com)Libya draws inspiration from successful experiences in Malaysia (libyaherald.com)
Source:Libya Today
December 05, 2023 10:44 UTC
Turkish Soldiers Serving in Libya Will Stay in the Country Until 2026
📩 05/12/2023 10:38Parliament's decision to extend the duration of the permission given to send troops to Libya for 2024 months, starting from January 24 Official newspaperIt entered into force after being announced in . The Decision on 2 Month Extension as of January 2024, 24 was published in today's Official Gazette. In the said decision; It is reminded that the Libya Political Agreement was signed in Suheyrat, Morocco, on 17 December 2015, following the Libya Political Dialogue, which was carried out with the participation of all parties in Libya under the facilitation of the United Nations and with the participation of all parties in Libya to establish peace and stability in Libya, on December 2259, XNUMX. Establishing peace and ensuring stability is of great importance for Turkey. "In this context, Turkey continues to provide training and consultancy support that will contribute to Libya's security within the scope of the Security and Military Cooperation Memorandum of Understanding signed with Libya and entered into force."
Source:Libya Today
December 05, 2023 08:18 UTC
FG, IOM evacuate 145 stranded Nigerians from Libya
The Federal Government in collaboration with the International Organisation for Migration has rescued 145 stranded Nigerians from Libya under the IOM Voluntary Humanitarian Return programme. According to Mr Musa, the stranded Nigerians were in various detention centres for living illegally in Libya and without travel documents. Mr Musa said that the evacuees who departed from the Mitiga International Airport in Libya on Monday were expected to arrive at the Murtala Muhammed International Airport on Monday evening. “Today, 145 stranded Nigerians were evacuated from Mitiga Airport, Libya, aboard chartered flight No UZ 189, and are expected to arrive at the Murtala Muhammed International Airport on Monday evening. Mr Musa stated that the Federal Government would continue to work with IOM to repatriate stranded Nigerians in Libya under the Voluntary Humanitarian Return programme.
Source:Libya Today
December 05, 2023 07:33 UTC
FG, IOM Evacuate 145 Stranded Nigerians From Libya
The Federal Government, in partnership with the International Organisation for Migration (IOM) has safely returned 145 stranded Nigerians from Libya under the IOM Voluntary Humanitarian Return initiative. Charge d’Affaires of the Nigerian Mission in Libya, Kabiru Musa revealed this in a statement issued on Monday. According to Musa, the stranded Nigerians were being held in various prison institutions for being in Libya illegally and without travel permits. Musa stated that the evacuees who left Libya’s Mitiga International Airport on Monday afternoon were anticipated to arrive at Murtala Muhammed International Airport on Monday evening. “Today, 145 stranded Nigerians were evacuated from Mitiga Airport, Libya, aboard chartered flight No UZ 189, and are expected to arrive at the Murtala Muhammed International Airport on Monday evening.
Source:Libya Today
December 05, 2023 07:09 UTC
Libya : In eastern Libya, Derna permit business flourishes amid the ruins
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Source:Libya Today
December 05, 2023 07:08 UTC
Rains have arrived but it’s complicated for farmers
But the situation remains a complicated one for cultivators with agriculture experts agreeing the rains arrived “very, very late”. But with the sun and heat contributing to the growth of plants and vegetables, farmers also have to contend with a different reality that hits their pockets. Livestock farmers will be provided with an annual quota depending on the livestock units on the farm. Jeannette Borg insisted farmers are the last group of people to waste water. “It is also positive that farmers will get a free quota.”
Source:Libya Today
December 05, 2023 06:28 UTC
Libya deports 147 illegal migrants to Nigeria
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Source:Libya Today
December 05, 2023 03:12 UTC
Libya releases four Hamas members held since 2016
Libyan authorities on Friday released four members of the Palestinian militant group Hamas who were arrested in 2016 on charges including trafficking arms to Gaza, according to Libyan media. The four men — Marwan al-Ashqar, his son Baraa, Mouayad Abed and Nasib Choubeir — were detained in Tripoli in October 2016. Their release on Friday was reported by several Libyan media, which said that the men were freed at the request of the Libyan prosecutor’s office following Turkish mediation. Their reported release comes against the backdrop of a nearly eight-week-old war between Israel and Hamas in the Gaza Strip. The Hamas government in Gaza says Israeli retaliatory strikes have killed more than 15,000 people, also mostly civilians.
Source:Libya Today
December 05, 2023 01:41 UTC
Sudan faces ‘Libya scenario’
MORE than seven months into Sudan’s devastating war that has killed thousands and displaced millions, experts warn that the scarred and impoverished country faces the threat of breaking apart. Experts now warn the country could face a “Libya scenario”, in reference to the north African country long divided between two rival administrations in its east and west. “The rising tide of militarisation along ethnic and regional lines deepens social fissures in Sudan,” said Youssef. Meanwhile, the army-aligned government has been all but exiled to the eastern city of Port Sudan. Across Darfur, home to about a quarter of Sudan’s 48 million people, over 1.5 million have been internally displaced.
Source:Libya Today
December 05, 2023 00:01 UTC
Libya dismantles illegal gold mining network comprising Chinese, Chadian and Nigerian nationals
An illegal gold mining network, comprising Chinese, Chadian and Nigerian nationals, has been dismantled in southern Libya , local authorities have said in a statement. The network, led by a Libyan man, was mining four large sites in the southern desert, said the Tripoli attorney general, which posted photos of the mines and seized gold ingots on its Facebook page on Sunday. Two-thirds of the vast oil-rich country is desert and difficult to monitor, though gold mining is not thought to be widespread. The foreign nationals who carried out the mining were staying illegally in Libya, the attorney general said, without clarifying when they were arrested.
Source:Libya Today
December 04, 2023 17:57 UTC
Libya dismantles illegal gold mining network
An illegal gold mining network, comprised of Chinese, Chadian, and Nigerien nationals, has been dismantled in southern Libya, local authorities have said in a statement. The network, led by a Libyan man, was mining four large sites in the southern desert, said the Tripoli attorney general, which posted photos of the mines and seized gold ingots on its Facebook page on Sunday. Two-thirds of the vast oil-rich country is desert and difficult to monitor, though gold mining is not thought to be widespread. The foreign nationals who carried out the mining were staying illegally in Libya, the attorney general said, without clarifying when they were arrested. This summer, the authorities dismantled an illegal cryptocurrency mining network on several sites in western Libya, arresting dozens of Chinese nationals.
Source:Libya Today
December 04, 2023 16:50 UTC
Libya hosts first EU WestMed Initiative national event
Libya hosted the first national event of the European Union’s WestMED initiative last Thursday, the EU announced. The European Union Delegation to Libya and the Italian Embassy participated in the event. The WestMED Initiative was created to help public institutions, academia, local communities, small and medium-sized enterprises, and entrepreneurs from both shores of the Western Mediterranean develop local and regional maritime projects together. Commenting on Thursday’s event the EU said the Mediterranean unites us in many ways. Today, here in Libya, we celebrate our cooperation, our shared identity, our partnership, and our Mediterranean heritage.
Source:Libya Today
December 04, 2023 11:34 UTC
Harnessing the Desert's Renewable Energy Potential: Libya's Vision for a Cleaner Future
In terms of solar power potential, Libya boasts approximately 3,200 annual brightness hours and an average radiation of 6 KWh per m2 per day. For reference, each km2 of desert in the country receives solar energy equivalent to 1.5 million barrels of crude oil annually. A 115 MW solar power plant in Tajura and a 100 MW solar power plant in Kufra are also in the construction phase. To facilitate renewable energy investments, the government has forged several agreements with global energy players. Notably, Libya’s vision for its renewable energy sector transcends its borders and aims to capitalize on its strategic position as the North African gateway to Europe.
Source:Libya Today
December 04, 2023 08:37 UTC