The Head of the Communication and Relations Unit at the Libyan Foreign Investments Company confirmed toour source that the protest reported by the newspaper, which was said to have been organized by several company employees, was actually led by individuals with no current employment ties to the company. The protesters were former employees, no more […]
An oil expert revealed that, in a first for OPEC in years, the organization announced in its monthly report for December 2024 that Libya’s daily oil production is 1.3 million barrels per day. OPEC clarified that the report was based on official sources from Libya. The organization also noted that, according to its external sources, […]
The General Electricity Company exclusively revealed to our source, supported by documents, that it has terminated the contract with the Orbecan and Swedish Company consortium for the construction of the Zliten power plant due to their failure to adhere to the terms of the contract. The company added that the contract was terminated due to […]
Our source has obtained an exclusive letter from the Deputy of the Audit Bureau to the Head of the Bureau concerning the issuance of two decisions appointing an employee with a criminal record to the Security and Safety Unit. The employee, who has been convicted and sentenced to one year and one month in prison, […]
Our source has exclusively obtained a letter from the Deputy of the Audit Bureau to the Head of the Bureau, in which he demands the withdrawal of the decision to send security and archive employees to Turkey for periods ranging from 25 to 15 days, according to the mentioned decision, to attend training courses. According […]
The London-based newspaper The Arab Weekly reported on Thursday that while official figures indicate that Libya has doubled its oil revenues, shocking statistics reveal a sharp rise in poverty rates and the number of impoverished citizens. This raises questions about the fate of oil revenues and how they are being spent amid competition between two […]
Our source has obtained an official letter from the Audit Bureau addressed to the Ministry of Social Affairs, stating that the Bureau has no objections to proceeding with the disbursement of the child and spouse grant for the fourth quarter of 2024, totaling 1.1 billion dinars. The letter emphasizes the necessity of ensuring that bank […]
Our source has exclusively obtained a letter from the Acting Chairman of Waha Oil Company’s Management Committee, Khairallah Abdulsalam, addressed to the Chairman of the National Oil Corporation. In the letter, he confirms receiving threats to his personal safety if he travels to Tripoli. He also affirmed that he will carry out his duties as […]
The French intelligence website Africa Intelligence reported on Wednesday that a public financial auditor is looking to shut down Medoil, a subsidiary of the National Oil Corporation. The website added that, as part of the investigations conducted by the Audit Bureau into the case of Medoil, new suspicious payments have been uncovered, according to the […]
The Central Bank of Libya exclusively revealed to our source that a new shipment of cash has arrived at the bank from abroad. This is part of the ongoing effort to distribute the cash to various branches of commercial banks across the country. The Central Bank will continue sending additional shipments of cash to ensure […]
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation regarding the suspension of the swap mechanism, effective March 1, 2025. The letter calls for taking the necessary measures to schedule shipments of crude oil, condensates, petroleum products, and other derivatives, as well as purchasing fuel through a public […]
Our source has obtained a letter from the Acting Chairman of the National Oil Corporation addressed to the Chairman of the National Oil Constructions Company. The letter states that the Chairman of the National Oil Constructions Company has been temporarily assigned to oversee the duties of the Chairman of the Management Committee at Waha Oil […]
Our source has exclusively obtained a correspondence from the Government of National Unity addressed to the Chairman and members of the Board of Directors of the LPTIC. The letter emphasizes the necessity of postponing any changes to the boards of directors of subsidiary companies at this time. This decision aims to maintain the current stability […]
International trade expert Dr. Yassin Abu Sriwil spoke to our source about the challenges and prospects of exporting for Libyan factories, stating: “Given the current economic conditions in Libya, the export sector faces significant challenges, including exchange rate differences, banking restrictions, and complex administrative procedures. At the same time, Libyan factories have enormous production capacities […]
The Central Bank of Libya told our source exclusively that its goal is to ensure the black market exchange rate of the dollar does not exceed 6.30 LYD before Ramadan, with a further target of 6.15 LYD during the holy month. The bank stated that its monetary policies rely on public spending and oil revenue […]
