The Central Bank of Libya exclusively confirmed to our source that, as part of its plan to ensure the availability of cash, and under the directives of Mr. Naji Mohamed Issa, Governor of the Central Bank, and his deputy, the bank began this morning dispatching new cash shipments according to a pre-prepared plan. A flight […]
Oil expert Masoud Shriha spoke to our source, questioning: “Is the swap prohibited by Libyan or international law? No, there is no international or Libyan law that prohibits the use of the swap mechanism. More than 90 countries worldwide use it.” He added: “Are there standards to regulate the swap? Yes, there is a regulatory […]
Pedro Ribeiro, the president of the French company TotalEnergies, revealed in an exclusive interview with Energy Capital Power the company’s strategic plans to enhance field performance, boost production at Waha and Sharara, and intensify exploration efforts in the Murzuq Basin. Excerpts from the interview: Energy Capital Power: How do you plan to build on this […]
The media advisor of the Libyan Investment Authority, Louay Al-Qriw, confirmed to our source that the Belgian court has issued a ruling to lift the seizures on the LIA’s assets, which had been under judicial freeze since 2017. Al-Qriw added: “The Belgian court decided to lift the freeze on the remaining LIA funds held in […]
The financial expert Khaled Al-Zantouti wrote: “Events in the oil sector are unfolding at an unprecedented pace, marked by decisions, circulars, investigations, and an accompanying media storm whose credibility remains unclear. Since the sudden resignation (or dismissal) of the head of the oil corporation, developments have unfolded as though in a horror movie. When mismanagement […]
Our source has obtained a letter from the Specialized Administrative Court ruling in an urgent decision to suspend the implementation of the decision by the Prime Minister of the National Unity Government No. 482, which established the General Authority for the Commercial register under the leadership of Mohamed Ben Kthir. The court found that the […]
Our source has obtained a letter from the Chairman of the House of Representatives to the Public Prosecutor regarding the amendment of the agreement between the National Oil Corporation and Eni concerning exploration and production sharing for the “D” contract area of Wafaa-Bahr al-Salam. Aguila Saleh emphasized the need to open an investigation into the […]
Exclusive sources revealed to our source that a meeting took place today between the Central Bank of Libya, the National Oil Corporation, and the Audit Bureau. The agreement reached during the meeting stipulates that revenues will be transferred regularly to the Central Bank, enabling it to support the strength of the Libyan dinar. According to […]
The Central Bank of Libya announced the upcoming issuance of new currency notes in denominations of 20, 10, and 5 dinars. The 10-dinar note will be released next week, followed by the other denominations. The notes will carry the signature of Naji Mohamed Issa, Governor of the Central Bank of Libya, based on the Central […]
The General Manager of the Turkish Petroleum Corporation, Ahmet Türkoglu, stated in an interview with Oil Price that the company is ready to invest billions of dollars in developing offshore oil fields in Libya. Türkoglu emphasized: “Years ago, we invested in some of the best opportunities in Libya but, unfortunately, had to leave. Now, we […]
Our source obtained a communication from the Public Prosecutor to the Head of the Audit Bureau regarding the continuation of judicial measures to halt negotiations on the development of the NC7 block in the Al-Hamada field. The letter calls for an extension of the investigation into the financial and technical aspects of the project, as […]
Engineer Masoud Shriha, in a statement to our source, referred to a report by the Energy Newspaper from the OPEC organization, which stated that Libya’s crude oil production for December was 1.29 million barrels per day. This contradicts the recent statement by the National Oil Corporation, which claimed production was around 1.4 million barrels per […]
Economic expert Misbah Al-Akari raised questions in a post on his official page regarding the recent increase in the exchange rate, asking whether it has legitimate justifications. He explained that exchange rate hikes typically occur when there is a decrease in the supply of foreign currencies, complex restrictions on accessing foreign currency, political turmoil, or […]
Our sources have revealed that the Chairman of the National Oil Corporation, Masoud Suleiman, has issued a directive to review all contracts and services of the Mediterranean Company in Dubai, alongside suspending dealings with the company. Additionally, he has issued a decision to review operations tainted by administrative and financial violations during the previous period, […]
The advisor to the Libyan Investment Authority, Louay Al-Qriw, stated exclusively to our source: “The UN Security Council’s decision allows the LIA to reinvest its financial assets abroad while keeping them frozen, in response to the Authority’s request to invest unutilized cash balances to preserve their value and avoid losses.” He added: “The decision grants […]
