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 […]
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 […]
