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Local News: Economic News

Mellitah Oil and Gas announces its victory in a case before the Paris Court of Appeal against Sicon Company.

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Tripoli, February 8, 2024 (LANA) - Mellitah Oil and Gas Company announced that it won a case before the Paris Court of Appeal against Sicon Oil and Gas Company, demanding compensation exceeding millions of dollars.The company said in a statement on its official page on Facebook that the Paris Court of Appeal issued its ruling rejecting the appeal submitted by Sicon Oil and Gas Company in the ruling issued by the Court of Arbitration at the International Chamber of Commerce (ICC - Paris) in the lawsuit filed by the... Read more

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(Al-Kabir), (Shakshak), and (Bin Qadara) meet to increase oil production.

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Tripoli, January 31, 2024 (LANA) - Today, Wednesday, an expanded meeting was held that included the Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” the head of the Audit Bureau, “Khaled Shakshak,” and the Chairman of the Board of Directors of the National Oil Corporation, “Farhat Omar Bin Qaddara,” in Tripoli.The bank's media office stated that the meeting included a presentation on projects to increase oil production, the financial allocations required for those projects, the fuel payment mechanism, and the... Read more

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The Governor of the Central Bank of Libya reviews with an American delegation the cooperation relations between the bank and America.

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Tripoli, January 25, 2024 (LANA) - Today, Thursday, the Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” reviewed with the American Special Envoy to Libya, Ambassador Richard Norland, the relations of cooperation between the Central Bank of Libya and the United States of America, in the presence of the US Deputy Assistant Secretary of State, “Joshua Harris.” and the Chargé d'Affaires at the US Embassy in Libya, Jeremy Berndt.The US Embassy stated that the Special Envoy, Ambassador Norland, reviewed with Al-Kabir... Read more

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Takala discusses with the Chargé d'Affaires of the Indonesian Embassy the strengthening of bilateral relations, increasing trade exchange and opening investment horizons.

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Tripoli, January 25, 2024 (LANA) - The President of the High Council of State, “Muhammad Takala,” discussed today, Thursday, with the Chargé d’Affaires of the Indonesian Embassy in Libya, “Didi Ahmed Rifai,” strengthening Libyan bilateral relations between the two countries, increasing trade exchange, and opening investment horizons between them.The media office of the High Council of State stated that the meeting dealt with expanding and developing cooperation opportunities with regard to scientific research, training,... Read more

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LIC discusses meets with British Deputy Ambassador.

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Tripoli, January 25, 2024 (LANA) - The Chairman of the Board of Directors of the Libyan Investment Corporation, Ali Mahmoud Hassan, discussed with the Deputy British Ambassador to Libya, Catherine Wilde, issues related to the freezing system imposed on the institution.This came during a meeting held on Tuesday at the Corporation’s headquarters in the capital, Tripoli. The Corporation reported on its Facebook account, that the British Deputy Ambassador,... Read more

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