Exclusive: Aoun comments on the letter of the Chairman of the National Oil Corporation to the Prime Minister regarding his request to redevelop Block NC7 in the Hamada field
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The Minister of Oil and Gas, Mohamed Aoun, commented toour source on the letter of the Acting Chairman of the National Oil Corporation to the Prime Minister of the Government of National Unity regar…
Bloomberg: India Turns to Libya to Secure Its Oil Barrels
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The American agency Bloomberg reported that India turned to the spot market to secure oil shipments amid Washington’s efforts to halt the flow of Russian crude to the country.
Bloomberg pointed o…
Exclusive: Central Bank Begins Selling Foreign Currency to Banks – Here Are Its Expectations
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The Central Bank of Libya revealed exclusively to our source that it has begun selling foreign currency to commercial banks, in line with the announcement made yesterday.
The Central Bank added…
American Website: Eastern Libya Is About to Approve a Gas Exploration Deal… Here Are the Details
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The American website “The Maritime Executive” stated on Monday that it is likely a sharp debate will arise over the Turkish-Libyan agreement on the issue of oil exploration, and it is possible that…
Exclusive: Until the End of 2025, Central Bank Directs Banks to Halt Direct or Indirect Financing for Legal Entities
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Our source has obtained exclusively a correspondence from the Central Bank of Libya to commercial banks.
The Central Bank instructed bank managers to temporarily halt granting direct or indirect…
Al-Sharif Writes on Calls to Float the Libyan Dinar and Let Its Value Be Determined by Market Supply and Demand Without Central Bank Intervention
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Economic expert Idris Al-Sharif wrote that as long as the Central Bank remains the sole monopolistic source of selling foreign currency in the market, and since the Libyan economy is one-sided, rely…