Italy’s Eni Discovers Two New Gas Fields in Libya with Reserves Exceeding One Trillion Cubic Feet
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The Italian company Eni announced the discovery of two new gas fields in Libya with total reserves exceeding one trillion cubic feet. The company stated that it drilled two wells in two adjacent geo…
Exclusive: Central Bank to Sada: Rise in Oil Revenues Transferred to Us; This Will Boost Our Capacity to Inject More Dollars
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The Central Bank of Libya revealed exclusively to our source a notable improvement in oil revenues, disclosing that they reached $1.1 billion as of March 15, compared to $900 million for the entire…
Central Bank to Sada: “$1.5 Billion Total Foreign Currency Sales to Banks”
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The Central Bank of Libya revealed to our source: “We have begun activating our systems by disbursing personal-purpose foreign currency allocations to citizens at the official rate of 6.37 dinars to…
Exclusive: Al-Maqouri: Libyan Customs uncovers forgery in letters of credit and announces use of security paper for settlement and closure documents
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The official spokesperson for the Libyan Customs Authority, Colonel Fahmi Hussein Al-Maqouri, stated exclusively to our source that, as part of the authority’s efforts to enhance transparency and pr…
Central Bank to Sada: We will begin granting new approvals for letters of credit and personal allowances starting Monday at the new rate
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The Central Bank of Libya told our source exclusively that the technical adjustments have been completed, and starting Monday, the Central Bank will begin granting approvals for letters of credit an…
Exclusive: Central Bank to Sada: Execution rate for pending personal allowance allocations will be 6.3 if the card has not yet been charged
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The Central Bank of Libya informed our source exclusively that the execution exchange rate for pending personal allowance allocations will be 6.3 dinars in cases where the card has not yet been char…









