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Author: LS

A parliament member: “The Governor of the Central Bank will not be able to refuse to finance Bashagha government with the budget approved by the Parliament”

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A member of the House of Representatives, Said Amghib, said in a statement to Reuters agency today, Wednesday, that “the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, won’t be able to refuse to finance the budget approved today by the House of Representatives for the Libyan government headed by Fathi Bashagha, especially since this government came with an agreement between  Parliament and the Supreme Council of State.”

The agency added that, according to Libyan analysts, in case the Central Bank of Libya refuses to finance the budget approved by the House of Representatives of the Libyan government headed by Bashaga, the parliament may ask the Governor of the Central Bank of Benghazi, Ali Al-Hibri, to finance the budget, which will effectively end the process of reunifying the Central Bank of Libya which has been going on for several months.

All oil fields have been closed in the country and these are the losses

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Today, Tuesday, Oil Minister Mohamed Aoun, stated that Libya is losing its oil production at a rate of 1.1 million barrels per day, as almost all oil fields in the country have been closed.

According to Aoun, it appears that the closing instructions were issued by an official body, which is the Petroleum Facilities Guard in the closed areas.

The only fields operating in Libya are Hamada and Mellitah Complex, in addition to Al-Wafa field, which is producing from time to time.

Adapted from Oil Price

A face-to-face meeting to enhance cooperation between Libya and Tunisia in the border city of Ras Ajdir

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This morning, Tuesday morning, at the Ras Ajdir port, a meeting was launched to enhance bilateral cooperation between Libya and Tunisia, which included the Minister of the Interior of the Government of National Unity, Khaled Mazen, the Minister of Transportation, Mohamed Al-Shoubi, the Minister of Local Government Badr-Eddine Toumi and officials from the Tunisian side, in order to address all border problems at the Ras Ajdir port, in addition to a number of common issues of concern to the two countries. 

The meeting was attended by the head of the Passports, Nationality and Foreigners Affairs Department, the head of the Internal Security Service, the head of the Customs Department, the director of the General Department of Ports Security, the head of the ambulance and emergency department, the head of the Administrative Centers Development and Development Authority, the head of the Land Ports Management and Operation Center, and a representative of the Ministry of Foreign Affairs.

Dbeibeh, Shakshak and Al-Kabeer discuss following up the procedures for disclosure and transparency of government expenditures

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Today, Monday, the Audit Bureau held an expanded meeting that included the Prime Minister, Abdul Hamid Dbeibeh, the President of the Audit Bureau, Khaled Shakshak, the Chairman of the Administrative Control Authority, Suleiman Al-Shanti, the Governor of the Central Bank of Libya, Seddik Al-Kabeer, the Ministers of Finance and Planning in charge, and a number of technical departments concerned with the institutions participating in the meeting.

The meeting was devoted to following up on the results of the meeting held at the Central Bank of Libya earlier, as well as a number of economic and financial files that need extensive discussions from all relevant parties.

The attendees stressed during this meeting the need to increase disclosure and to show all financial and technical procedures that clarify all government expenditures that are currently and administratively followed up by the regulatory bodies and take their necessary measures in this regard and continue to hold periodic meetings to follow up on what has been agreed upon.

The Ministry of Labor and Rehabilitation participates in a workshop to evaluate the project to enhance employment opportunities in Libya

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Yesterday, Monday, June 13, 2022, the Undersecretary of the Ministry of Labor and Rehabilitation in the Government of National Unity, Hussem Al-Mazoughi, participated in the activities of a workshop to evaluate the partnership project between the Ministry of Labor and Rehabilitation and the German Foundation for International Cooperation (GIZ), in the presence of a number of directors of departments, offices and training centers in the ministry.

During the workshop, the training and qualification done by the GIZ for a number of the Ministry’s cadres, in addition to the support provided to a number of its affiliates, were reviewed, as well as the advantages and drawbacks of the project and the implementation paths of the plan during the past four years.

In his speech, Al-Mzoughi stressed the importance of international cooperation, as well as identifying needs in future projects in line with the ministry’s initiatives and programs.

The House of Representatives discusses the draft budget and suspends its session without voting on it

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The House of Representatives held its official session today, Tuesday, under the chairmanship of Parliament Speaker, Aqila Saleh, and in the presence of the First Deputy Speaker of Parliament, Fawzi Al-Nuwairi, to discuss the amended draft law on the state’s general budget for the year 2022, which was referred by the government today.

The members of the House of Representatives also granted the final review of the draft law and to submit any observation about the draft law, and to submit it this evening to the Legislative Committee and the Finance Committee to vote tomorrow on approving the state’s general budget for the year 2022.

Security Council team of experts: “There is a significant decrease in fuel smuggling in Libya despite its high price”

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The Security Council team of experts said on Sunday in its report that despite the recurrent price increases of petroleum products, fuel smuggling by sea has not risen to previous levels.

The experts’ team added that the smuggling of fuel was in the narrowest range, using small boats to transport other legitimate or illegal goods, which allowed the smugglers to make great profits, indicating that there are secret sources that reported a sudden rise in the smuggling of illegal exports, and this was not clear to the experts’ team.

The team revealed that the smuggling of fuel across the border contributed to the scarcity of fuel in the southern region, in particular, which led to an increase in its price, noting that armed groups throughout the country had benefited from the revenues.

Security Council team of experts reveals the loss of up to 4 billion dollars due to the freezing of the assets of the Libyan Investment Authority

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Yesterday, Sunday, the Security Council team of experts clarified in its report that the Libyan Investment Authority indicated that the losses of funds abroad are due to the freezing of funds in Libyan assets.

While the team of experts revealed that the audit report issued by an international consultant monitored losses of funds due to their freezing, amounting to about 4 billion dollars, noting that the Investment Authority believes that the inability to manage the frozen funds prevents the company from managing the company properly, and it has to drain its unfrozen resources in order to cover its expenses.

Stopping the export of oil from the Sarrir oil field by protesters and an oil source confirms to our source: “The protesters are not from the people of the area”

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An official oil source confirmed today, Monday, in an exclusive statement, that work in the Sarrir oil field has been suspended, indicating that there are a number of protesters in the oil port of Hariga that want to shut down the oil fields completely.

The oil source added that the protesters were not from the people of the area and were not known, indicating that they had prevented oil tankers from entering the dock to ship fuel.

Al-Mashri discusses with the head of the State Audit Bureau the economic situation of the country

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Today, Monday, the head of the Supreme Council of State, Khaled Al-Mashri, held a meeting with the head of the Audit Bureau, Khaled Shakshak, at the bureau’s headquarters in the capital, Tripoli.

The meeting dealt with the economic situation in the country in light of the local and international crises, the necessity of the proper and natural flow of revenues, and ensuring effective control over public money expenditures through clear and transparent mechanisms.