The Russian news agency RIA Novosti reported on Saturday that Russia has extended its gasoline export ban for six months starting in March, with exceptions for producers. According to the agency, major oil companies are currently allowed to export gasoline, but traders and resellers remain prohibited under a measure implemented last March. The ban excludes […]
The African Energy website reported on Friday that the catastrophic decline in Libya’s oil revenue transferred to the state treasury threatens the country’s economic stability. According to African Energy’s analysis of recently released data, uneconomical barter deals, smuggling, mismanagement, and corruption have cost the country tens of billions of dollars over the past three years.
Our source has exclusively obtained a letter from Osama Al-Tir, Director of the Office of the Head of the Audit Bureau and Chairman of the Hajj Committee, summoning Sabri Al-Bouaishi, Deputy Chairman of the General Authority for Hajj and Umrah. It is worth mentioning that this year’s Hajj lottery has sparked significant public reaction in […]
Anas Ashnibish wrote an article in which he stated: First: What Are Sovereign Wealth Funds? Sovereign wealth funds (SWFs) are state-owned investment funds managed by governments to achieve economic stability and promote sustainable development. These funds are typically financed through public revenue surpluses, such as oil revenues, trade surpluses, or foreign currency reserves. SWFs serve […]
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation, Masoud Suleiman, addressed to companies and entities affiliated with the NOC regarding regulations governing the secondment of employees for external work assignments. The letter stipulates that work assignments must be directly related to an ongoing project, supply contract, or […]
Shipping records and UN experts have revealed that an oil company based in eastern Libya has exported at least $600 million worth of crude since May, marking the end of the National Oil Corporation’s monopoly on exports. According to Reuters, the shipments were made by Arkino Oil, a little-known company established in 2023. These are […]
Our source has exclusively obtained a letter from Masoud Suleiman, the Acting Head of the National Oil Corporation, addressed to the companies and entities under the institution regarding regulations for dispatching their employees on external assignments. The letter stipulates that the assignment must be directly related to an ongoing project, supply contract, or service provision […]
The French intelligence website, Africa Intelligence, reported today, Sunday, that the National Oil Corporation is seeking to regain major oil companies through a massive tender. The site added that the National Corporation hopes to attract foreign investors to explore and operate 22 new oil concessions, but political instability could be a reason for the project’s […]
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 […]
