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Oil Price: Russia Seeks to Oust European Oil Companies by Exploiting Libya’s Vast Oil Reserves

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The oil-focused website Oil Price reported on Saturday that Libya, the largest oil producer in North Africa, is once again making headlines, particularly in light of the ongoing struggles within the…
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British Site: After years of negotiations, the UN is expected to unfreeze $70 billion of Libyan assets abroad

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The British website Geopolitical Monitor reported that the Libyan Investment Authority expects the United Nations to unfreeze its $70 billion assets by the end of the year. After a series of institu…
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Financial Transparency Report for 2024 Reveals Key Issues: Military and Intelligence Budgets Lack Parliamentary Oversight

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The Financial Transparency Report for 2024 highlights that ongoing internal political divisions continue to hinder the government’s ability to implement regular budgeting processes, negatively impac…
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Radio France: American and British Banks Are Not “Stupid” and Know That the Interim Governor Was Appointed Through Coup and Violence

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Radio France reported today, Wednesday, that American, British, and European banks remain hesitant to deal with the Central Bank of Libya. These banks are not “stupid”; they are well aware that the…
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With Several Important Details: Al-Kabeer States “There Are Valuable Assets Inside the Central Bank and We Don’t Know What Is Happening to Them”

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According to Financial Times, Seddiq Al-Kabeer, the governor of the Central Bank of Libya who controls billions of dollars in oil revenue, stated that he and other bank staff had been forced to flee…
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By Numbers: National Oil Corporation Reveals Production Rates through Well Exploration and Rehabilitation by Its Subsidiaries

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The National Oil Corporation and its subsidiaries have recently revealed increased production rates through the exploration and rehabilitation of several wells. The transition from observation well…
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Italian Website: International Funds Allocated for Derna Residents Spent for ‘Personal’ Purposes in Eastern Libya

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An Italian website reported today that Libya’s economic prospects remain positive in the short and medium term, largely due to relatively high oil prices. The site pointed out several problems in Li…
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Oil Price: Financial Risks for International Oil Companies in Libya Significantly Increased After the Overthrow of Gaddafi

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Oil Price website reported today, Thursday, that after the overthrow of the Libyan leader Muammar Gaddafi, the security and financial risks for international oil companies operating in Libya increas…
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S&P Global Platts: Oil Companies Halt Projects in Libya, and Here are the Details

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The British S&P Global Platts reported in its article today, Monday, that protesters from the Ubari region in the south of the country have taken to the streets in recent days amid anger over ri…
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Aoun to Global Platts: The Use of Oil as a Weapon Against Israel Has Not Yet Been Decided

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Oil Minister Mohammad Aoun, in an interview with the British agency Global Platts today, Wednesday, stated that he does not expect OPEC to resort to imposing a similar embargo to the Arab oil moveme…
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