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International affirmation of the need to keep Libyan sovereign institutions away from political strife and preserve their independence

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The Adviser to the United Nations General Secretary in Libya, Stephanie Williams, stressed the need to protect the independence and integrity of the National Oil Corporation, the Libyan Investment Authority and the Central Bank of Libya from political strife.

Williams stressed that these sovereign institutions belong to the Libyan people and should not be subjected to arbitrary pressure or used as a weapon for the benefit of one party or another, stressing the need for the transparent management and distribution of the wealth of the Libyan people to be a common goal.

For his part, the US Ambassador to Libya, Richard Norland, affirmed that the United States strongly supports the independence and integrity of these non-politicized sovereign institutions that work for the benefit of all Libyans.

Al-Manfi discusses with the head of the Libyan Investment Authority the measures taken to preserve Libyan assets abroad

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The Head of the Presidential Council, Mohamed Al-Manfi, discussed with the Chairman of the Directors Board of the Libyan Investment Authority, Ali Mahmoud, in a meeting today, Monday, at the Council’s office in Tripoli, the efforts made by the Authority to preserve Libyan assets abroad and the challenges it faces.

The head of the Investment Authority explained to Al-Manfi that the institution’s assets had been subjected to seizures in some countries, and the measures that would be taken to recover these assets, stressing that the Authority was making every effort to preserve Libyan assets abroad.

For his part, the Head of the Presidential Council stressed the independence of the institution and the need to distance it from political strife and not use it as a pressure and blackmail card, stressing the need not to harm its assets and work to support it so that it can perform the tasks assigned to it.

The Minister of Economy and Trade meets with the head of the Internal Security Agency to set a mechanism for controlling medicine prices

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Considering that food and medicine for the Libyan citizen falls within the national security, the Minister of Economy and Trade, Mr. Muhammad Al-Huwaij, met with the head of the Internal Security Agency, Mr. Lotfi Al-Hariri, on Sunday 27/03/2022 to set a mechanism for controlling food and medicine prices and working to stabilize them in the Libyan market, where it was agreed on the importance of issuing a decision on the indicative prices for medical services and controlling smuggled and unlicensed medicines through the relevant authorities.

The attendees also agreed to activate the Medicines and Medical Services Pricing Committee, to set indicative prices for hospitals and clinics, and to put the price on the medical prescription certified by the pharmacy’s seal, or to issue an invoice showing the type and price of the drug.
The importance of activating the medical supply system to import medicines for incurable and chronic diseases was also discussed.

The meeting was attended by the Chairman of the Medical Supply System Committee, the Director of the Pharmacies and Medical Equipment Department, the Food and Drug Control Center, the Director of the Internal Control Office, the Director of the Technical Affairs Department, and the Head of the Quality Department.

Bashagha: « We will focus on supporting National Oil Corporation and its plan to develop production, and we will allocate a very large budget to it »

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Libyan Prime Minister Fathi Bashagha said that his government is studying how to support National Oil Corporation and its plan to develop production, especially in light of the global crisis, which is a great opportunity for Libya to increase exports of oil and gas.

Bashagha added, in statements to Al-Wasat TV, that he did not see any reason to have a Ministry of Oil, which might increase confusion, and that it was better to give the matter to National Oil Corporation, stressing that his government would focus in the current period on supporting the Corporation by allocating a very large budget.

Dbeibeh and Shakshak discuss the development plan of National Oil Corporation and the problems facing the General Electricity Company

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, discussed in a meeting today, Sunday, with the President of the Audit Bureau in Tripoli, Khaled Shakshak, the development plan of National Oil Corporation and the problems facing the General Electricity Company.

Dbeibeh and Shakshak discussed during the meeting the development plan of the National Oil Corporation, through which the existing commitments and development programs that will help raise and maintain production will be addressed. The meeting also addressed the problems facing the General Electricity Company and the proposed solutions to alleviate the electricity crisis in preparation for the coming summer.

The Minister of Economy clarifies the measures that the National Unity Government will take to alleviate the crisis of high prices including the disbursement of 600 dinars per person

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The Minister of Economy and Trade in the National Unity Government, Mohammed Al-Huwaij, spoke about the measures that the government will take to address the crisis of high prices, whether in the short or medium term, including the payment of a bonus of 600 dinars for each individual divided into two months, to be paid before Eid Al-Fitr.

Al-Huwaij explained in statements on TV that among the measures now being studied by the Council of Ministers is the adoption of a cost-of-living allowance as a result of the current economic conditions experienced by all countries of the world, which have affected the risk of food security, by disbursing an allowance of 300 dinars per person, which will be spent twice during year 2022; One before Ramadan and the second before Eid al-Fitr, adding that the total value of this short-term treatment is not large and is estimated at about 4.2 billion dinars, especially in light of the increase in oil prices and the citizen has the right to obtain what covers the price difference that has increased during the current period.

The Minister of Economy added that the government is also considering choosing one of the two options, either by activating the Price Stabilization Fund by assigning it to receive the imported basic commodities, which are flour, sugar, rice, oil and tomatoes from the merchants, companies and factories that supply them, provided that the Fund will sell them with a subsidy rate ranging between 40 to 50% of the cost, by allocating an annual support budget for this purpose and defining the distribution mechanism according to the National Number System, or the other alternative is the monthly cash alternative to the citizen, which is currently estimated at 92 dinars per person per month, which means a total of 600 million dinars per month.

Al-Huwaij indicated that the Ministry of Economy demanded and is still requesting the establishment of the Libyan Grain Bureau, which had previously been presented to the Council of Ministers and its establishment was approved, but it has not yet been issued a decision regarding it, in order to achieve a strategic stockpile of wheat that is sufficient to cover the country’s needs for a period of 6 months, with an estimated quantity of about 625,000 tons of soft wheat.

Norland: « We are working on forming a mechanism to manage oil revenues in Libya until a comprehensive political agreement is reached »

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The US Ambassador to Libya, Richard Norland, said that the United States is working with partners in the economic working group emanating from the Berlin conference to form a mechanism for managing oil resources in Libya until a comprehensive political agreement is reached.

Norland added that the proposed mechanism provides for directing oil revenues only to salaries, support, oil production and meeting basic needs such as food and medicine in a framework of transparency, noting that the Libyan parties will decide whether this mechanism will be applied or not.

Norland said about the position of the United States on closing the oil fields in Libya for political reasons, that the time is absolutely not appropriate to disrupt oil production in Libya at a time when the country can meet rising global demand and benefit from higher prices, warning that the political situation increases the risks of competing political parties seeking to control oil revenues.

The American ambassador indicated that his biggest concerns regarding the issue of the current dispute over the prime ministership between Dbeibeh and Bashagha is that this dispute will lead the Libyan people away from the elections, calling on the two parties to dialogue and negotiation to find a peaceful solution to this impasse, and he also noted that they suggested that one of the partner countries such as Turkey support these negotiations, stressing that Washington strongly supports these efforts.

Norland also touched on the Russian-Ukrainian war and its repercussions on the situation in Libya, saying that « the Russian occupation of Ukraine has a great reflection on the sabotage role played by Wagner forces in Libya and the Sahel region, » adding that « the Russians tried to overthrow the government in Tripoli and interfered in the elections that were scheduled to take place on December 24th. »

In response to Sanallah, the Minister of Planning confirms that the National Unity Government has allocated a budget for National Oil Corporation that exceeds four times in 2020

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The Minister of Planning in the National Unity Government, Fakher Boufarna, responded to the statements of the Chairman of the of Directors Board of National Oil Corporation, « that the budget that was disbursed to the Corporation from the National Unity Government is the lowest since 2013, stressing that the government allocated to the Corporation last year a budget that exceeds four times what was allocated her during the year 2020. »

Boufarna said that the National Oil Corporation obtained in 2021 a budget of 2 billion dinars as development expenses under Chapter Three, in contrast to only 500 million dinars that was disbursed to it in 2020, adding that the Corporation also obtained an additional amount of 180 million dinars from an exceptional budget disbursed previously in 2021.

The Chairman of the directors board of the National Oil Corporation, Mustafa Sanalla, had made statements on Thursday evening in which he confirmed that the corporation had not obtained the required budgets from the National Unity Government, despite the fact that the oil revenues transferred to the government in 2021 were the highest in years and amounted to 26 billion dollars. He emphasized that the budget received by the institution last year was the lowest since 2013.

Al-Zayat to our source: « an inspection campaign targeting the Al-Daribi drug market in Tripoli »

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The Director of the Information Office at the Food and Drug Control Center, Mohamed Al-Zayat, said that the center’s inspectors, accompanied by members of the Internal Security Agency and members of the Municipal Guard, are currently conducting a surprise inspection campaign in Al-Daribi drug market in the capital, Tripoli.

Al-Zayat explained that the inspection campaign targets Al-Daribi drug market to ensure the extent of commitment of store and companies owners to implement the health and standard requirements that must be met for the circulation of medicines and medical equipment and that prices do not rise in violation of the applicable rates.

In response to Sanallah, the Minister of Planning confirms that the National Unity Government has allocated a budget for National Oil Corporation that exceeds four times in 2020

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The Minister of Planning in the National Unity Government, Fakher Boufarna, responded to the statements of the Chairman of the Directors Board of the National Oil Corporation, « that the budget that was disbursed to the Corporation from the Government of National Unity is the lowest since 2013, stressing that the government allocated to the Corporation last year a budget that exceeds four times what was allocated during the year 2020. »

Boufarna said that « the National Oil Corporation obtained in 2021 a budget of 2 billion dinars as development expenses under Chapter Three, in contrast to only 500 million dinars that was disbursed in 2020, adding that the Corporation also obtained an additional amount of 180 million dinars from a previous exceptional budget disbursed in 2021. »