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Source:Libya Today
July 22, 2024 12:40 UTC
On 22 July 2024, the Turkish Coast Guard Command successfully rescued a group of irregular immigrants who had been pushed into Turkish territorial waters by the Greek coast guard. Millî Savunma Bakanlığı (@tcsavunma) July 22, 2024Turkish Ministry of Defense said: “Our Coast Guard Command was immediately informed and the immigrants in question were rescued by the Coast Guard boat that arrived in the region.”Ongoing humanitarian tragedy in AegeanAttempts to cross into Greece continue despite pushbacks. Hours later, the group reported being pushed back into Turkish waters. Pushbacks and violence by Greek coast guardOn Jan. 19, 12 Palestinians were found drifting in a Greek-manufactured life raft in Turkish waters near Kastellorizo. After volunteers contacted the Turkish Coast Guard Command, they were informed that the migrants had been transported to Türkiye.
Source:Libya Today
July 22, 2024 10:51 UTC
CAIRO – 21 July 2024: Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdel-Atty held talks on Sunday with his Comoran and Zambian counterparts during separate meetings on the margins of the 6th Mid-Year Coordination Meeting of the African Union (AU), held in Accra, the capital of Ghana. During his meeting with the Comoran foreign minister, the Egyptian top diplomat discussed bilateral relations, and the situation in Gaza, Sudan, and Libya. Abdel-Atty underscored the importance of enhancing bilateral relations across various sectors, including infrastructure, energy, agribusiness, pharmaceuticals, and education. The top diplomat extended congratulations to Angola on its upcoming presidency of the African Union in 2025. He expressed Egypt's commitment to supporting Angola's presidency and emphasized the mutual desire to advance African interests and priorities, particularly as Egypt and Angola are members of the African Union Peace and Security Council for 2024-2025.
Source:Libya Today
July 21, 2024 20:19 UTC
The Dangote Refinery, which began operations in January, has been struggling to secure adequate crude supplies in Nigeria. Despite being Africa’s largest oil producer, Nigeria is facing challenges such as theft, pipeline vandalism, and low investment, which have hindered the refinery’s access to domestic crude. As a result, Dangote has resorted to importing crude from countries such as Brazil and the United States. “We are in talks with Libya to import crude,” said Devakumar Edwin, a senior executive at Dangote Refinery, in an interview with Reuters on Saturday. Nigeria’s upstream regulator has clashed with Dangote, saying the sulphur content in its gasoil was above the required limits of 200 parts per million (ppm).
Source:Libya Today
July 21, 2024 16:24 UTC
"We are talking to Libya about importing crude," Dangote refinery senior executive Devakumar Edwin told Reuters late on Saturday. "We will talk to Angola as well and some other countries in Africa. "He declined to give detail about the talks, but said international traders and oil companies were among the biggest buyers of Dangote's gasoil, much of which was being exported. "The biggest offtakers are the two big traders Trafigura and Vitol and BP and, to some extent, even TotalEnergies. Reuters first reported the planned trading arm in March.Nigeria's upstream regulator has clashed with Dangote, saying the sulphur content in its gasoil was above the required limits of 200 parts per million (ppm).Aliko Dangote has denied that, saying the sulphur level was higher when production started, but had fallen to 88 ppm and would sink to 10 ppm in early August as output rises.
Source:Libya Today
July 21, 2024 14:52 UTC
Nigeria's Dangote refinery is in discussions with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant and is also exploring options to source oil from Angola, according to a senior executive. However, since the refinery began operations in January, it has faced difficulties in securing adequate crude supplies within Nigeria. We will talk to Angola as well and some other countries in Africa," Dangote refinery senior executive Devakumar Edwin told Reuters. Edwin stated that Dangote's oil trading arm is now operational, with staff based in London and Lagos, to manage supplies and sell products. Dangote recently revealed plans to list the fertilizer and petrochemical divisions of the Dangote Refinery on the stock exchange in the first quarter of 2025.
Source:Libya Today
July 21, 2024 14:50 UTC
LAGOS, July 21 – Dangote Refinery Seeks Crude from Libya and Angola Amid Domestic Supply IssuesThank you for reading this post, don't forget to subscribe! Nigeria’s Dangote refinery is negotiating with Libya and Angola to secure crude oil for its 650,000 barrels per day (bpd) plant, aiming to overcome domestic supply challenges, a senior executive revealed. Built by Africa’s richest man, Aliko Dangote, the $20 billion refinery on the outskirts of Lagos is Africa’s largest and aims to end Nigeria’s reliance on imported fuels. “We are talking to Libya about importing crude,” said Devakumar Edwin, a senior executive at Dangote refinery. Traders and shipping data indicate that Dangote is increasing gasoil exports to West Africa, capturing market share from European refiners.
Source:Libya Today
July 21, 2024 13:36 UTC
South Korea’s Korea Hydro & Nuclear Power Co. has been selected to build two multibillion-dollar reactors in the Czech Republic, positioning South Korea as a potential leading supplier of nuclear reactors in Europe. Cost-competitive, comprehensive packagesSouth Korea’s nuclear industry has been recognized for its cost-competitive and comprehensive package offerings, which include equipment, construction, fuel supply, commissioning, maintenance and financing. South Korea’s rise in the nuclear sector is built on decades of strategic development. Since acquiring technology from U.S.-based Combustion Engineering in 1987, South Korea has domestically built 28 reactors, with four more planned by 2040. The nation’s first international export was to the United Arab Emirates in 2009, a project that, despite delays and cost overruns, solidified South Korea’s export ambitions.
Source:Libya Today
July 21, 2024 12:35 UTC
The renovation and development of Sirte’s Clock Square have been completed, marking a significant milestone in the city’s ongoing reconstruction efforts. The project, led by the National Development Agency, aims to enhance the square’s aesthetic and historical value. This renovation is part of a broader initiative commemorating Sirte’s development efforts in 2024. The revamped Clock Square now serves as a symbol of the city’s progress in infrastructure and urban development.
Source:Libya Today
July 21, 2024 11:57 UTC
President Recep Tayyip Erdogan Sunday criticized Greek Defense Minister Nikos Dendias’ statements on Türkiye, stating that populists like Dendias are trying to undermine relations between the two countries. The Turkish president made these statements during his visit to the Turkish Republic of Northern Cyprus (TRNC) for the 50th anniversary of the Cyprus Peace Operation. Erdogan blasts Greek ministerReferring to the striking statements of Greek Defense Minister Nikos Dendias against Türkiye, President Erdogan said, “Mr. As everyone knows very well, Türkiye carried out the Cyprus Peace Operation for peace, as the name suggests, and peace was established because of this intervention,” he added. Erdogan stated that Israel has not implemented the decisions of the Court of Justice in the past and that Western countries, especially the U.S., have supported Israel.
Source:Libya Today
July 21, 2024 09:28 UTC
The Minister of Economy and Trade, Mohamed Al-Hwej, discussed with the Ambassador of South Korea to Libya ‘‘Jang Jihak’’ last Wednesday 17 July, at the Ministry’s Tripoli headquarters, ways to enhance cooperation. The meeting discussed the development of a mechanism for organizing a Libyan Korean economic forum in the capital, Tripoli, in November 2024, with the effective participation of major Korean companies, investors, and business owners in both countries under the supervision of the Ministry of Economy and Trade.It also included discussing the raising the level of trade and investment between the two countries, and opening prospects for developing bilateral relations in all fields. The Minister stressed the importance of activating the agreements and memoranda of understanding concluded between the two countries, strengthening the role of the private sector, facilitating the movement of business owners between the two sides, activating the investment partnership and working to solve the obstacles facing them. The meeting also reviewed the possibility of cooperation in the field of training to develop the performance of economic institutions in Libya, especially corporate governance, e-commerce, management of economic zones and free zones.For his part, the Ministry reported, Ambassador Zhang Jihak stressed his country’s desire to cooperate with the Libya and provide technical and advisory support in the fields of economy, trade, investment and development.Ministry of Oil and Gas denounces Egypt’s signing of agreement with South Korea to export Libyan oil without its knowledge (libyaherald.com)Minister of Labour opens new training departments at the Libyan Korean Vocational Training Centre (libyaherald.com)National Project for Rehabilitation and Reintegration signs agreement with Libyan Korean Training Centre on training (libyaherald.com)South Korea embassy to start processing visas from Tripoli ‘‘soon’’ (libyaherald.com)South Korea pledges $ 400,000 to Libyan Korean Centre’s vocational training (libyaherald.com)Libya to set up mechanism to facilitate return of contracted Korean companies (libyaherald.com)
Source:Libya Today
July 21, 2024 09:01 UTC
The ICS revealed that Libya, despite the high potential for domestic and foreign investment in Libya due to its reconstruction needs, unmet consumer demand, and rich natural resources, the country still faces a difficult investment environment. Libya holds Africa’s largest (and the world’s ninth largest) proven oil reservesLibya holds Africa’s largest (and the world’s ninth largest) proven oil reserves and Africa’s fifth largest gas reserves. For instance, a group of southern protestors closed Sharara oil field, Libya’s largest, in January 2024. NOCThe National Oil Corporation (NOC), an independent, apolitical institution, continues to lay the groundwork for the long-term development and stabilization of the energy sector. Libya’s Investment Law of 2010Libya’s Investment Law of 2010 is the main legal framework for promoting foreign direct investment (FDI).
Source:Libya Today
July 21, 2024 08:11 UTC
Libya Is Surging The Tourism Industry With New Visa Free Travel Policy For 8 countries, Including Egypt, Morocco and TurkeyReading Time: 5 minutesLibya, a land of ancient history and rich cultural heritage, is now more accessible to international tourists with its new visa-free entry policy. The countries benefiting from this visa-free policy are Algeria, Egypt, Jordan, Mauritania, Morocco, Syria, Tunisia, and Turkey. Rixos Al Nasr Tripoli: Offers upscale accommodations with various dining options, a spa, and extensive conference facilities. Benina International Airport (BENLocation: BenghaziFeatures: Second largest airport, key hub for domestic and international flights, newly renovated terminal. For those seeking a truly unique and unforgettable travel experience, Libya offers a compelling blend of history, culture, and natural beauty that sets it apart from more mainstream destinations.
Source:Libya Today
July 21, 2024 08:08 UTC
July 21, 2024: Turkey continues to maintain military forces in Libya and expects that its troops and mercenaries will remain in Libya as long as it takes to gain their planned economic and political cooperation from Libyans. It has been around since 2015, when it was formed in eastern Libya and proceeded to eliminate rivals, especially Islamic radical groups, throughout the country. Egypt, for the first time in centuries, finds hostile Turkish troops next door and is not pleased. The only obstacle is the Turkish forces that refuse to leave Libya. Turkey is looking out for Turkish economic interests and knows it is blocking efforts to hold national elections in Libya.
Source:Libya Today
July 21, 2024 05:59 UTC
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Source:Libya Today
July 20, 2024 21:24 UTC