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Written by financial analyst Khaled Al-Zantouti The National Oil Corporation has just issued a statement confirming that the value of imported fuel for July exceeded $1 billion. This figure ha…
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Written by oil and economic expert Abdelmonsef Al-Shalwi The continued publication by the National Oil Corporation (NOC) of detailed data on fuel movements should not be viewed merely as the rele…
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Al-Shalawi: Force Majeure in the Oil Sector… What Does It Mean Legally, Technically, and Economically? Legal Meaning of Force Majeure The term “force majeure” is not merely a media phrase used when s…
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By: Banking Advisor Ali Al-Jahani Libya’s economic and political circles witnessed a pivotal development with the submission by Central Bank of Libya Governor Naji Mohammed Issa of a letter decli…
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By: Oil Legal Expert Othman Al-Hdhiri The National Oil Corporation is one of Libya’s most important sovereign institutions, not only because it manages the country’s main source of public revenue…
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Banking expert Noaman Al-Bouri wrote an article in which he said: The National Oil Corporation has announced an ambitious goal of increasing Libya’s oil production to two million barrels per day…
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By: Oil Legal Expert Othman Al-Hdhiri Official statements from the management of the National Oil Corporation have once again raised hopes of increasing Libya’s oil production to the usual target…
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By: Oil and Economic Expert Abdulmonsef Mahmoud Al-Shalwi Every time public budgets in Libya are discussed, attention turns to spending figures and the size of allocations designated for differen…
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Economist “Husni Bey” recently wrote an article on the ongoing debate surrounding Libya’s monetary policy economic crisis. He agrees that applying traditional economic theories to Libya’s rentier ec…
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Written by: Financial Analyst “Khaled Al-Zantouti” Based on the figures and data recently published by some official Libyan authorities, I have noted the following simple observations: First…