Libya's Oil Minister unveils latest developments of his rift with Prime Minister

Oil Minister Mohammed Oun issued a statement revealing developments in the rift with the Prime Minister Abdul Hamid Dbeibah in light of the presence of two ministers at the head of the oil and gas portfolio. Oun called on the Prime Minister to take a clear stance regarding the leadership crisis in the Ministry of Oil, either by correcting the situation, or issuing a decision to dismiss him from the position of Minister of Oil and Gas in the Government of National Unity. “The current situation, with the presence of a legitimate and illegitimate ministers for the sector, leads to extremely serious damage to Libya," Oun saidx giving the example of Schlumberger’s threat to leave the country. He noted the failure to abide by the Administrative Control Authority's decision addressed to the Prime Minister to implement the decision of his return to work as Minister of Oil and Gas. Details of the rift go back to March 26, 2024, when the Administrative Control Authority issued a decision to suspend Libyan Oil Minister Oun due to what it described as “committing legal violations that harmed the public interest of the state.”Hours after the decision to suspend Oun - who denied committing any violations - the Prime Minister decided to assign the Deputy Minister of Oil and a member of the Board of Directors of the National Oil Corporation, Khalifa Abdul Sadiq, to ​​manage the work of the Ministry of Oil.

June 29, 2024 03:12 UTC


Ministry of Industry and Minerals inaugurates beta polymer factory for chemical industries in Misrata Industrial Zone

The Undersecretary of the Ministry of Industry and Minerals for Production, Industrial Zones and General Affairs, Mustafa Al-Samo, inaugurated the Beta Polymer Factory for Chemical Industries in Misrata’s Kararem Industrial Zone today. ‎The Ministry of Industry and Minerals said this opening comes within the framework of its efforts to promote the industrial sector, encourage investment and provide new job opportunities. It said the Beta Polymer plant is one of the important industrial projects that are expected to contribute to achieving local economic growth and improving the level of industrial production in the country. The factory specializes in the production of a variety of chemical products that meet the needs of the local market, including paints and coatings of all kinds, building materials, paper, furniture, textiles, carpets, soil fixation in roads, concrete additives, in addition to uses in the field of printing and packaging.‎‎Project reflects investors’ confidence in local economic environmentDuring his opening speech, the Undersecretary expressed his optimism about the future of the industrial sector in Libya, noting that this project reflects investors’ confidence in the local economic environment. He stressed the Ministry of Industry and Minerals’ continuous support for industrial projects with the aim of achieving sustainable development.‎

Source:Libya Today

June 27, 2024 20:02 UTC


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