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Exclusive: With the Continuation of the Imposed Tax, the Central Bank Issues Regulations for Resuming Foreign Exchange Sales Using the Same Previous Mechanism
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Our source has obtained a correspondence from the Director of the Banking Supervision and Control Department at the Central Bank of Libya to the general managers of banks. The correspondence concern…
Reuters: Spanish company Repsol resumes oil exploration in Libya after 10-year interruption
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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…
Exclusive: Central Bank Directs Banks to Open the Foreign Exchange System on January 5 – Here’s What Was Requested
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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…
Exclusive: Allegations of Corruption and Money Laundering Among the Violations Uncovered by the Audit Bureau at Al-Wafa Bank and Referred to the Prosecutor
Our source has exclusively obtained a report from the Audit Bureau addressed to the Attorney General, detailing violations at Al-Wafa Bank involving documents, names, and numbers that suggest corrup…
After the Fake Gasoline Scandal and Oil Sales Outside the Corporation… Financial Reports from Motor Oil Company Show That Libyan Oil Sales Have Incurred the Largest Losses in Its History
Financial reports for the years 2009, 2010, 2021, and 2022 from a leading company have shown that the average purchase prices for global crude oils, including Libyan Sidra crude, indicate substantia…
Waha Oil Company Requests Ben Gdara to Contact the External Bank to Secure $800 Million Credit Coverage
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Waha Oil Company has contacted the Chairman of the National Oil Corporation regarding its agreement with the Libyan External Bank to cover credits, with 25% of the coverage provided by the company a…