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Author: LS

Ministry of Oil: “The total production of oil fields today ranges between 100 and 200 thousand barrels per day”

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The Ministry of Oil and Gas spoke today, Sunday, about what was reported by some social media and some international agencies regarding the accuracy of the information declared by the Ministry of Oil and Gas about the decline in production due to the closure of oil fields and ports to about less than 100-200 thousand barrels per day.

The ministry confirmed that the almost complete closure actually took place when the production suspension and export were announced amid suspicious silence this time by the National Oil Corporation and some external parties, although they know who issued the instructions to close. It happened in the past that Mustafa Sanalla filed a complaint against Social and official figures of the Sanctions Committee, underestimating the Libyan judiciary.

It explained that only the offshore, Hamada and Al-Wafa oil fields remained, and their total production ranged between 100,000 and 200,000 barrels per day.

The Public Prosecution orders the provisional detention of 3 employees of the Tax Authority for stealing hundreds of thousands

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Today, Saturday, the Public Prosecution issued instructions for pre-trial detention of some tax authority employees for embezzling sums of money estimated at hundreds of thousands from the tax authority treasury in the guise of including false information in the authority’s documents and placing customary papers in the documentary cycle, that is falsely attributed to commercial banks.

The Public Prosecution clarified that the preliminary investigation has assumed the validity of the fact that some tax collectors embezzled financial sums ​​from financiers engaged in commercial, industrial and craft activities, in addition to other income types generated from other sources subject to the rules of tax collection.

The proceedings also resulted in proving the fact of issuing clearance bonds that were not included in the documentary cycle of the Department, and the use of forged bank instruments for the purpose of collecting illegal material benefits for the offenders.

Husni Bey to our source: “Replacing the support with cash brings 80% of the Libyan people out from below the poverty line, reduces the import of fuel, and achieves security and political stability”

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Today, Thursday, the businessman Husni Bey said in an exclusive statement to our source that during the 22 years since Shukri Ghanem was appointed as Minister of Economy in 2000 and succeeded by Al-Tayeb Al-Safi and after him Ali Al-Issawi, Mohamed Al-Huwaij and many other ministers of economy and trade, several committees were assigned and recommended that the support should be exchanged for cash.

Bey added that in 2012 the National Congress was elected and committees were assigned that concluded with the necessity of change and monetary replacement. A budget for 2013 was approved, and the 2013 Budget Law stipulated that “support should be replaced from direct to cash” during the budget year, “but the smuggling mafia succeeded in not applying that,” noting that in 2014, the National Congress approved the annual budget and approved the cash replacement immediately, but the smuggling mafia and the Prime Minister at that time, Ali Zeidan , did not take any action to implement the budget law as stipulated in 2014, wondering whether the fuel smuggling mafia is stronger than the parliament and government.

The businessman addressed the Parliament and its members, the State Council and its members, and the Prime Minister: “Let’s stop establishing committees and start instead searching for the decision to change now and immediately.”

Husni Bey explained that replacement revives the economy, achieves social justice, and brings 80% of the Libyan people out from below the poverty line. In addition, it achieves rationalization of consumption, achieves a surplus for citizens’ rights, and reduces the import of fuel, pointing out that it achieves security and political stability, reduces conflict on the paths and sources of storage and smuggling of fuels, reduces congestion on public roads, encourages private investment in public transport, produces and achieves spatial economies.

The businessman appealed to the committee formed to study the mechanism of replacing direct fuel support with cash support that the issue does not need to be studied, but rather needs to approve “the total and immediate cash replacement.”

Bey indicated that “there are imported fuels and locally produced fuels, and there is no difference between them at the real cost. As for the total fuel consumed in Libya, it is 10.4 million tons of naphtha, gasoline and heavy oils, adding 3 million tons of natural gas so that the total is 13.4 million tons consumed in Libya annually.

The imported of the total consumed is 13.4 million tons, with a value of more than 7 billion dollars, and the total in tons is from 6 million to 6.5 million tons. As for the locally produced fuels and gas, it is from 6.9 to 7.4 million tons, and its value is 8.4 billion dollars.”

Hammad discusses the return of Russian companies to Libya

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The Minister of Planning of the Libyan government mandated by Parliament, Usama Hammad, met today, Friday, June 17, with the Vice-President of the Federal Council of the Russian Federation, which is the Upper House of the Federal Assembly of Russia, during the activities of the Petersburg International Economic Forum in the Russian Federation.

During this meeting, views were exchanged on activating economic and commercial activities between the two countries and the return of Russian companies to work in Libya, especially in the field of energy and railways.

Hammad also called on all international companies of countries interested in Libyan affairs to return and invest in Libya.

The Oil Ministry’s description is inaccurate, and the relations between Sanalla and Aoun collapsed irreversibly

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A diplomat in the British government said: “We are aware of the Ministry of Oil’s claim that oil production has fallen to 100,000 barrels per day. However, this forecast is inaccurate because the actual production is much higher.”

The diplomat added that while Libya’s oil production was fluctuating on a daily basis, only 30-40 percent of the country’s total production fell.

Tim Eaton, a researcher at the British Chatham House who focuses on the political economy of the Libyan conflict, said: “The sources information indicates that the collapse in production is not as described by the Ministry of Oil.”

Eaton confirmed: “It is clear that the relations between Aoun and Sanalla have irreversibly collapsed, as the minister’s statements clearly aim to undermine Sanalla.”

He continued by saying “that the Tripoli-based National Oil Corporation is the only Libyan institution authorized under UN Security Council resolutions to sell Libyan oil, yet it did not announce the exact level of current production.”

According to Eaton, the United States is pressing for an agreement between the authorities in Libya with the aim of keeping the continued flow of oil, when gasoline prices are threatening the economy.

He pointed out that the Americans understand this problem and are motivated by the West’s desire to increase oil production.

Adapted from The Financial Times

Bashagha: “The reopening of oil fields is linked to the Central Bank’s approval to grant the budget to my government, and I am sure that Al-Kabeer will provide us with money”

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The Prime Minister of the Libyan government, Fathi Bashagha, said that the residents of the Oil Crescent and the oil fields would not mind re-exporting oil as soon as his government received the budget and distributed it fairly according to the budget approved by the House of Representatives.

Bashagha said in a statement to Reuters, published today, Friday, that there is a lot of anger at what he called illegal spending, corruption and giving funds to armed groups by the government f Dbeibeh, noting that the partial closure of oil facilities came as a result of people anger of the Oil Crescent and oil fields, when they saw the expiration of the government in Tripoli.

Bashagha stressed that he is sure that the Governor of the Central Bank of Libya, Seddik Al-Kabeer, will provide funds to his government, adding that he does not believe that the governor will prevent or reject a budget that has been approved and allocated funds through specific budget items that include all Libyan sectors and affect the life of all Libyans.

The Libyan Prime Minister indicated that there will be no movement of force from east to west or from west to east, especially in light of the presence of a very large foreign force in the western region of Libya, which was supportive of the defense of the capital. He concluded his speech by asking: “How can there be war ?”

The General Electricity Company signs a memorandum of understanding with the municipality of Misrata

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Today, Thursday, June 16, at the headquarters of the Misrata Municipal Council, a member of the Board of Directors of the General Electricity Company and head of the Electricity Consumption Committee, Omar al-Qayed, the Dean of the Misrata Municipality, Mahmoud Al-Squtri, the Director of the General Administration of Consumer Services, and a number of engineers from the General Administration of Intermediate Consumers, in addition to members of Misrata Municipal Council.

During this meeting, a memorandum of understanding and cooperation was signed between the General Electricity Company and Misurata Municipal Council regarding taking several guiding measures to reduce excessive consumption of electric energy. The municipality set next Sunday as a date for coordinating the launch of the campaign.

Tripoli Audit Bureau: “Approval of COMESA accounts report for the year of 2020”

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Today, Thursday, June 16, in the Zambian capital, Luxa, the COMESA report for the fiscal year 2020, issued by the Board of External Auditors, was approved, in the presence of the President of the Tripoli Audit Bureau, Khaled Shakshak.

The report was praised and the efforts made in it in line with international standards, and it was recommended that the report be approved, provided that the Board of External References follow up the implementation of the observations contained in it within the review that will be conducted for the following year.

Real Estate Registration Authority employees in the Western region organize a protest

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The employees of the Real Estate Registration Authority in the Western Region organized today, Thursday, June 16, in the Authority branch in Zawiya, a protest to demand the activation of Resolution No. 426 of 2015

The protesters also called on the Parliament, the government and the relevant authorities to quickly settle their situation and provide them with health insurance, like other sectors in the country.

The Ministers Council of National Unity Government decided to implement its proposal for the unified salary law

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The Council of Ministers of the National Unity Government decided to work on its proposal for the unified salary law, during a meeting held this morning in the Council of Ministers.

The council said that it will work on the proposed salary unification law until it is issued later.