Economy

Libya's Central Bank: Family's dollar grant starts Tuesday

Monday, August 19, 2019 - 21:01

The Libyan commercial banks start Tuesday the 2019 family's dollar grant after the Central Bank of Libya (CBL) has announced it earlier this month.

Olympic Fighter oil tanker ships one million barrels of crude oil from Oil Crescent region

Thursday, August 15, 2019 - 14:17

The oil tanker Olympic Fighter loaded on Tuesday, a Million barrels of crude oil from the ports of the Oil Crescent region, while the destination of the shipment has not been disclosed.

Libya ranked fourth among Arab countries in gold reserves for 2019 according to World Gold Council report

Thursday, August 15, 2019 - 14:14

The World Gold Council estimated in its report Wednesday Libya's gold reserves at 116.6 tons, placing it fourth among the Arab countries, after Saudi Arabia, Lebanon, and Algeria.

Finance Minister, NOC review oil price fluctuations on state budget

Saturday, August 10, 2019 - 11:24

The Minister of Finance, Farag Boumtari reviewed with the National Oil Corporation (NOC) head, Mustafa Sanallah the impact of international oil price fluctuations on the state's public expenditure.

Libyan Airlines announces 7% reduction in ticket prices

Monday, August 5, 2019 - 13:18

Spokesman for the Libyan Airlines, Mohamed Giniwah announced that the airline will reduce ticket prices by 7 percent for all flights.

Libya's NOC and Italy's Eni complete 'Phase 2' of Bahr Essalam gas project

Thursday, August 1, 2019 - 21:51

The Libyan National Oil Corporation (NOC) and Italian oil major Eni announced the completion of (Phase 2) of Bahr Essalam offshore gas project, a joint venture between the two companies operated by NOC subsidiary Melli

NOC reinstates force majeure on Libya's largest oilfield "Sharara"

Wednesday, July 31, 2019 - 20:54

The National Oil Corporation (NOC) announced Wednesday reinstatement of force majeure on crude oil loadings at Al-Zawiya port starting on Tuesday, July 30, it said in a statement.