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 […]
Our source at the National Commercial Bank revealed: “When leadership is under wise and youthful management, the results are more progress, more success, and ever-evolving capabilities.” The source stated that, under the directives of the General Manager of the National Commercial Bank, Ali Al-Khuwailidi, branches and agencies of the bank have been instructed to increase […]
Our source has obtained documents confirming that the General Electricity Company of Libya (GECOL) was the first entity to report a fuel supply shortfall estimated at $1.9 billion. The company officially notified the Attorney General’s Office to investigate the missing fuel and take necessary legal actions. Supporting documents are attached. Clarification from Power Plant DirectorsPower […]
In an exclusive statement to our source, Louay Al-Griw, advisor to the Libyan Investment Authority, emphasized the institution’s commitment to transparency. He highlighted that the UN Security Council’s adoption of the expert panel’s recommendations in Resolution 2769/2025 marks an unprecedented achievement for the LIA and serves the best interests of the Libyan people. Al-Griw confirmed […]
Today, Saturday, Radio France “RFI” conducted an interview with former Minister of Oil and Gas, Mohamed Aoun, who continues to fight to assert his legitimacy. His replacement, Khalifa Abdel-Sadiq, was immediately appointed in March 2024 by Prime Minister Abdul Hamid Dbeibah to manage the ministry’s ongoing affairs. It has now been about nine months since […]
Our source has obtained a letter from Atiyatallah Hussein Abdulkarim, Deputy of the Libyan Audit Bureau, addressed to its President, Khaled Shakshak. The letter highlights concerns over an increasing number of informal meetings between Audit Bureau officials, members, and employees with ministers, deputies, board members, and top state officials. These interactions, according to the letter, […]
Sada Economic has obtained a letter from Atiyatallah Hussein Abdulkarim, Deputy of the Libyan Audit Bureau, requesting the Chairman of the Libyan Investment Authority and the Governor of the Central Bank of Libya not to allow Mr. Reda Mohamed Gergab, who is seconded to the Investment Authority and appointed as a member of the Central […]
Our source has exclusively obtained a letter from the Public Prosecution addressed to the head of the Audit Bureau, Khaled Shakshak, requesting details on the evaluation and safety measures of the Audit Bureau’s building, which is owned by the Libyan National Shipping Company. The prosecution has asked the relevant department within the bureau to provide […]
