Libyan affairs expert at the Royal United Services Institute, Jalel Al-Harshaoui, told our source on Saturday that two or three months ago, there was no decision to remove Farhat from leading the National Oil Corporation. However, recent months have witnessed new developments. Generally, it can be said that Farhat’s policies, whether financial or monetary, within […]
Oil expert Masoud Shriha stated in an exclusive comment to our source that there is a significant contradiction in the figures declared by the National Oil Corporation on various occasions. He noted that this inconsistency undermines the credibility and transparency of the Corporation, adding, as the saying goes, “They tried to fix it but made […]
Our source has exclusively obtained a decision by the Deputy Minister of Economy, Suhail Abu Shiha, to revoke all acceptance decisions issued by the Trademark Office. The decision also prohibits the Office’s Director from taking any actions regarding the trademarks mentioned in the decision. The decision revealed evidence that the Trademark Office accepted trademark applications […]
The former Head of the Administrative Control Authority, Abdul Salam Al-Hassi, emphasized the vital role of regulatory bodies in general, and the Administrative Control Authority in particular, in addressing administrative and financial violations that harm the public interest and public funds. This role aligns with the authority’s founding law, which grants it the power to […]
Legal advisor, Hisham Al-Harati, stated exclusively to our source: “The National Oil Corporation must be returned to its natural course based on the principles of good governance and institutional independence to ensure the sustainable management of oil resources efficiently.” He added: “This is essential to confront the looming economic risks and ensure the continuity of […]
In a recent article, Anas Ashnibish examined the state of the Libyan economy, describing it as a rentier economy that heavily relies on a single, finite resource—oil. This resource serves as the primary source of funding for the public budget and all economic sectors. Libya’s economy is among the least diversified in the region, particularly […]
The Arabic Independent newspaper reported on Thursday that Libya’s oil industry in 2025 shows promising opportunities despite ongoing threats in a country torn by political disputes and divided between two governments in the east and west. Libya’s crude oil production in 2024 exceeded its target by more than 17,000 barrels, reflecting the sector’s recovery. According […]
Libyan businessman Husni Bey told our source: “Through following the page The Economic Salon, which is a non-governmental organization and civil society entity focused on economic matters, and observing the discussions, reactions, and critiques of the circulars issued by the Central Bank of Libya (CBL), it’s clear we are hearing alarm bells.” He added:“The response […]
Presidential candidate and economic expert Mohamed Al-Ghwil stated to our source regarding the delay in transferring revenues from the National Oil Corporation to the Central Bank of Libya, saying: “One of the reasons is the exchange of crude oil for products (diesel and gasoline). I believe the NOC should commit to providing detailed monthly reports […]
Former member of the Central Bank of Libya’s Exchange Rate Committee, Misbah Al-Akkari, expressed his concerns on his official Facebook page: “With the price of oil at $80 per barrel, the National Oil Corporation reports a production of 1.4 million barrels per day, while the Central Bank has supplied $1.3 billion to the market for […]
The Central Bank of Libya announced in a statement yesterday that it continues to meet the demand for foreign currency, which exceeds the oil revenues deposited into its accounts since the beginning of January 2025. As of today, these revenues amount to only $500 million. The CBL called on relevant parties to ensure the regular […]
The President of the Administrative Control Authority for the Western Region, Abdullah Qaderbouh, has decided to halt the procedures for appointments and contracts in public sector positions until further review, in accordance with relevant legislative provisions. This decision stems from the increasing number of public sector employees, which has exceeded 2,099,200, and the rise in […]
The North Africa Post reported on Monday that the Petroleum Facilities Guard branch in the south has called on all entities responsible for securing the Al-Wafa oil field in response to what it described as a matter of utmost importance. According to the report, the Presidential Protection Force urged all brigades to deploy on the […]
The Financial expert Khaled Al-Zantouti wrote: “The revenue and expenditure report for 2024, issued by the Central Bank, contains numerous elements that require deep analysis to clarify some of its ambiguities and bottlenecks. However, in this brief article, I will focus on just two elements of revenue that caught my attention (with good intentions). My […]
Strategic expert Daniele Ruvinetti stated to our source on Sunday that the threat of an oil blockade remains high. Historically, forces in eastern Libya have used control over oil facilities as a means of pressure in political disputes. If no political solution is reached, the situation could escalate not only into an economic crisis but […]
