The Central Bank of Libya told our source exclusively that next week it will inject $2 billion to settle existing letters of credit. The week will also see an acceleration in the approval of letters…
The Central Bank of Libya told our source exclusively that next week will see an acceleration in the granting of approvals for letters of credit and the sale of foreign currency to banks in large am…
Despite assurances from Libya’s National Oil Corporation that production has resumed at oil facilities in Zawiya following a de-escalation of the situation, and that there is no need for citizens to…
By: Economic Expert Ali Al-Soleh
Libya’s Electricity Crisis Continues
Once again, our streets and cities are plunged into complete darkness whenever a wave of extreme heat or cold hits, bringi…
Oil and economic expert Abdelmonsef Al-Shalawi told our source that the National Oil Corporation’s signing of a production-sharing agreement with U.S. energy company Chevron should not be viewed sim…
Our source has obtained correspondence from the head of the Supervisory Committee at Waha Oil Company regarding a request from the head of the National Oil Corporation (NOC) for an urgent and compre…
