Written by financial expert Khaled Al-Zantouti: “These days, opinions, articles, discussions, and decisions about fuel subsidies, their drawbacks, and ways to address them are abundant. In this context, I say: Ladies and gentlemen, I still insist that our primary problem is smuggling. While I am fully aware that smuggling is a result of subsidies, we […]
Reuters agency reported today, Wednesday, that Spanish company Repsol has resumed oil exploration in Libya after a ten-year stoppage. According to Reuters, the National Oil Corporation said that Repsol has begun drilling a well in the Murzuq Basin, about 12 kilometers from Sharara field, Libya’s largest oil field, according to the agency.
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks, instructing them to begin accepting foreign exchange coverage requests through its system starting January 5 for various purposes. The directive emphasized the need for banks to prepare their systems and get ready to accept requests from clients, including […]
