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After his meeting with Sanallah, the Director of Halliburton North Africa confirms the company’s strong return to work in the Libyan oil sector

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The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, discussed in a meeting today, Sunday, with the Director of Halliburton Company in North Africa, Ahmed Helmy, at the Corporation’s headquarters in Tripoli, ways to support and strengthen partnership mechanisms between the two sides to raise the level of oil production operations in Libya and increase its rates from During drilling, well maintenance and capacity building program for workers in the sector.

The director of Halliburton in North Africa confirmed that the company aspires to return strongly to work in the Libyan oil sector, and that it will work to provide solutions and consultations to solve all the struggles facing the Libyan oil industry, and will also contribute to the introduction of digital transformation programs that will have a significant positive impact on improving Production processes, development and quality.

For his part, the Chairman of the Directors Board of the National Oil Corporation welcomed the offer made by Halliburton company regarding providing solutions and consulting to solve the difficulties facing the oil sector, provided that the quality of work is ensured with the best modern technologies, in addition to working on building the capacities of workers in the sector, taking into account security and safety programs.

The European Chambers of Experts Union warns of the dangers of frozen dollars originating from Libya

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The representative of the European Chambers of Experts Union in Beirut, Nabil Bou Ghantous, announced today, Sunday, that the Lebanese market has dumped large quantities of frozen US dollars, whose serial numbers are from Libya.

Ghantous confirmed in his statement that the dates of issuing these dollars go back to 2003, 2006, 2009 and up to 2013.

He stressed that dollars should not be obtained except from 100 percent reliable sources, specifically from major banks, regardless of their price, because large quantities of frozen dollars are arriving and wandering at the money changers and some currency dealers and from where they do not know.

He pointed out not to use or deal in the so-called white hundred-dollar print, because the bulk of the frozen dollars are from this category, in addition to huge quantities of the fifty-dollar denomination. Adapted from Sawt Beirut International

Al-Abed grants institutional accreditation to the Specific Training Center for Oil Industries in Zawiya

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The Minister of Labor and Qualification, Ali Al-Abed, accompanied by the General Director of the Quality Assurance and Professional Calibration Center, Fathi Al-Habbasi, granted the institutional accreditation to the Specific Training Center for Oil Industries in Zawiya, in the presence of the General Director of the Center.

The committee assigned by the center also visited the specific center several times, to find out the workshops, training curricula and training halls, as well as to follow up the safety procedures in the center, in addition to fulfilling the conditions and controls in force in accordance with national and international standards.

Aoun discusses with the Ambassador of San Marino Republic aspects of cooperation between the two countries in the oil and gas sector

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The Minister of Oil and Gas, Mohamed Aoun, held a meeting with the Ambassador of the Republic of San Marino, Luca Mantovani, in order to discuss aspects of bilateral cooperation between the State of Libya and the Republic of San Marino, especially in the oil and gas sector.

A number of issues of concern to the two countries were also discussed, and Aoun affirmed the willingness of the Oil and Gas Ministry in bilateral cooperation with the Republic of San Marino, which contributes to strengthening the relationship between the two countries.

The UN mission in Libya affirms its support for the independence of National Oil Corporation

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The United Nations Support Mission in Libya affirmed its full support for the need to preserve the integrity and independence of the National Oil Corporation to ensure that Libyan resources benefit and benefit all Libyans.

« As co-chairs of the Berlin Process Economic Working Group, Egypt, the European Union, the United States and the United Nations Support Mission in Libya, we express our full support for the need to preserve the integrity and independence of National Oil Corporation to ensure that Libyan resources benefit and benefit all Libyans », as they said.

The Chargé d’Affairs at the Embassy in Ukraine sends a correspondence to the Director of the Administrative and Financial Affairs Department regarding the amount required to deport Libyans stranded in Ukraine

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The Acting Chargé d’Affairs in Ukraine, Adel Bin Issa, sent a correspondence to the Director of the Administration and Financial Affairs Department, regarding the required amount of two million and one hundred thousand dollars, in order to deport the Libyans stranded in Ukraine.

He mentioned that the target number for deportation if there was a partial or total invasion of the Ukrainian lands by Russian forces, within the limits of (2000) Libyan citizens, and the estimated cost from the reality of the prices of transport offices and reservations per person in normal circumstances estimated as the value of the travel ticket for one person up to Libya 800 dollars.

Adding to that, the accommodation from one to two days 125, the expenses of collecting and transporting the citizen from his place of residence to the airport 50 dollars, and the value of PCR analyzes per person 30 dollars, taking into account the addition of value for unforeseen and emergency expenses, such as first aid and quick medical services, that is, the total financial value required according to the aforementioned estimates is only two million and one hundred thousand dollars.

Adapting from Sada Website

Dbeibeh addresses several parties to work to secure the return of the Libyan community residing in Ukraine

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The Prime Minister of the Government of National Unity Abdul Hamid Dbeibeh instructed the agents of the Ministry of Foreign Affairs, of Transportation, of Interior, of Health, of Higher Education and Foreign Affairs in the Diwan, and of the Administrative and Financial Affairs of the Foreign Ministry regarding the current events that the Republic of Ukraine is going through, which requires communication with the Libyan communities present in it and working on their return safely.

The instructions require working to secure the return of the Libyan community residing in Ukraine, in coordination with the deportation committee formed by the Ministry of Foreign Affairs.

An Italian analyst assures that Libya and Ukraine are players in the global economic sector and this is how the shocks must be overcome

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The Italian analyst and strategic advisor Daniele Ruffinetti said that the ongoing war between Ukraine and Russia will, of course, have an impact on the economy and markets.

He added that the economic and trade interactions between Libya and Ukraine are not that deep, but we do not forget that Libya and Ukraine are players in the same « important » global economic sector, which is the energy raw materials sector. International securities and the prices of all raw materials in the long run create conditions for recovery as well as opportunities.

Rufiniti also indicated that the problem of Libya is related to its internal stability, which is essential in order to overcome certain situations and deal with shocks and setbacks.

He continued « I agree with those economists who believe that the direct effects of reduced trade with Russia and economic sanctions against Moscow by the United States and the European Union are likely to be outweighed by the potential for indirect consequences to affect trade, consumer confidence and commodity markets ».

Major global financial markets also fell on Thursday, but the outcome could have been more extreme, indicating that it was relatively surprised by Putin’s actions but does not yet believe that more severe shocks to the market akin to a financial crisis are likely. There could be consequences for the wealth of global companies, according to the analyst.

Adapted from Sada Website

The National Oil Corporation has resumed the purchase of the 50% stake of Trasta in Lerco, the operator of the Ras Lanuf refinery.

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Today, Friday, the National Oil Corporation announced that it has resumed exercising its right to purchase the 50% stake of Trasta in the Libyan Emirati Oil Refining Company Lerco, the joint company formed to operate the Ras Lanuf refinery.

The Corporation explained that Trasta had tried to obstruct the NOC’s exercise of its right to buy its share and filed an arbitration case before the International Chamber of Commerce, which ended with the issuance of a ruling rejecting the attempts of Trasta and supporting the Corporation’s right to buy Trasta share, in accordance with the terms of the agreement of Lyrco.

Brega Oil Marketing Company explains the reasons for stopping the supply of fuel to the stations of Sharara Oil Services

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Brega Oil Marketing Company clarified in a statement today, Friday, that stopping the supply of the stations of Sharara Oil Services was due to legal reasons related to the legal representation of Sharara Company.

Brega Company added that out of the legal responsibility entrusted to it, it distances itself from any existing conflicts and that it is in constant communication with the sovereign authorities and is studying and scrutinizing the legal documents submitted to it to implement the correct law.

The company indicated that the quantities of fuel are available in its stores, and that it has taken measures to ensure that the citizen’s need is met by raising the allocations of other distribution companies of fuel and operating a number of stations over a period of 24 hours to ensure that there is no congestion in front of the fuel distribution stations.

Adapted from Brega Company Official Facebook Page