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The Ministry of Oil denounces the joint statement of a number of foreign countries embassies in Libya regarding the National Oil Corporation

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Today, Friday, the Ministry of Oil and Gas denounced the joint statement of the embassies of the United States, France, Germany, Italy and the United Kingdom regarding the National Oil Corporation, and considered it a blatant interference in the internal affairs of the Libyan state.

The ministry added that this statement is an attempt to dominate the decision-making authority of the Libyan state and to extend its full sovereignty over the national wealth.

The Ministry of Oil and Gas confirmed that it will address all concerned authorities in the Libyan state to clarify the threat and danger posed by such statements to the oil sector, which will have an impact on the Libyan people, and will ask these authorities to intervene by addressing the countries represented by the ambassadors to stop these unprofessional actions. embassies.

At the conclusion of its statement, the ministry stressed the need to respect the sovereignty of the Libyan state and not to interfere in its internal affairs and what it sees as appropriate actions that are consistent with the interest of the Libyan people and achieve their hopes and aspirations for a decent living on their land and to enjoy the bounties and wealth of their country, and that Libya’s peace and security is a trust in the hands of its people and growth and prosperity are achieved The goal is to give priority to the national interest over any other interests.

Adapted from The Minister of Oil and Gas Official Facebook Page

PayPal in Libya.. Any prospects ?

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The availability of PayPal service is only up to the Central Bank, many people have always demanded access to PayPal in Libya like in any other country and the development of banking systems and good control of the banking sector. Why does the Central Bank relent on activating this service and is it safe to use? You will find the answers to these questions and more in this report.

Oil prices rose to more than 105 dollars a barrel after the Russian attack on Ukraine

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Oil prices rose on Thursday in global markets to more than 105 dollars a barrel for the first time since 2014, in the wake of the start of the Russian ground attack on the Republic of Ukraine and growing concerns about disruption to global energy supplies.

The price of Brent crude rose by more than eight dollars, or about 8.5%, to record at midday on Thursday 105.08 dollars a barrel, and the prices of US West Texas Intermediate crude rose to nearly 100 dollars a barrel, which is their highest level since August of 2014.

According to economic analysts, oil prices are likely to rise if the war in Ukraine continues, because Russia is the second largest oil exporter, and in light of low inventories and dwindling spare capacity, the oil market cannot bear major disruptions in supplies.

A major fuel crisis is taking place in the eastern cities of the country

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The western region is witnessing multiple crises in the lack of fuel that the citizen used to stand in queues to obtain fuel, but it is strange that this crisis occurs in the city of Benghazi and cities in the east of the country.

« Cities and regions in the east of the country in Libya witnessed a major crisis in the lack of car fuel. This crisis came a few days ago and is still continuing until this moment, as this crisis caused the closure of gas stations and the accumulation of cars in a state of congestion that the region has not witnessed for a while ».

The conditions the country is going through in crises, daily queues have become an essential part of the life of the Libyan citizen. It is not limited to fuel queues, as the citizen stands in long queues at the banks to obtain bread and to complete personal procedures in the country, including obtaining a passport.

Adapted from Sputnik News Agency

Signing a memorandum of understanding between the Libyan Ministry of Finance and the Islamic Development Bank

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A memorandum of understanding was signed, today, Thursday, February 24, 2022,  between the Government of National Unity in the State of Libya, represented by the Minister of Finance, “the Governor of the State of Libya at the Bank,” as well as the Islamic Development Bank group represented by the President of the Bank Group, as an expression of the two parties’ desire to establish a framework for future cooperation that includes all the priority economic and social sectors in the State of Libya. .

The memorandum of understanding also included the establishment of an economic empowerment fund in Libya in partnership with the public and private sectors for the purpose of investing primarily in the strategic sectors of the Libyan market, with the aim of strengthening comprehensive sustainable value chains to support job creation and sustainable sources of income for owners of micro, small and medium enterprises in Libya, especially the youth.

In addition to helping Libya support its efforts in the field of financial and economic inclusion and digital transformation; by exploring investment horizons in the areas of digitizing financial and non-financial services, exchanging technical expertise and disseminating knowledge, in addition to developing the competencies of civil society bodies and non-governmental organizations to develop the capacities of youth and women in the economic and social fields.

Also, developing the capabilities of Libyan administrations and institutions in some areas such as administrative and financial governance, training, capacity building and transfer of extensive experiences through the program for the exchange of knowledge and expertise and technical cooperation, as well as supporting the plan of the State of Libya in the various fields of education « kindergarten, public and higher education and technical education » and supporting the efforts of the State of Libya in the areas of raising various health care services, including efforts made to reduce the negative effects of the emerging pandemic « Corona ».

The memorandum also included supporting the efforts of the State of Libya (the Ministry of Justice) in developing the criminal justice system and improving the performance of the justice sector, as well as supporting the partnership between the public and private sectors, developing the Islamic financial and banking sector and supporting technology, science, innovation and entrepreneurship initiatives, in addition to establishing the Libya Endowment Fund for Charity to invest the endowment funds, which will be a new window for financing, job creation and economic empowerment for youth to serve the national plans for human development in the State of Libya, as well as to joint work to implement the program to support the economic resilience of weak and fragile institutions, and supporting trade infrastructure, including providing support to institutions concerned with implementing Libya’s foreign trade programmes.

The Ministry of Foreign Affairs calls on the Libyan community to stay in a safe place in Ukraine

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The Ministry of Foreign Affairs and International Cooperation calls on the Libyan community residing in the Ukrainian Republic to avoid travel at the present time and to stay at home in a safe place and not to go out except for necessity.

The necessary and urgent support will be provided through our embassy. We note that the Ukrainian airspace is currently closed.

The Ministry urges all Libyan citizens residing in Ukraine to communicate with the Libyan Embassy in the Republic of Ukraine : 00380442386070

To contact the Emergency Committee 00 380 (66) 185 92 08, +218 92-5262369, +380 68 894 8023

Adapted from the Libyan Ministry of Foreign Affairs and International Cooperation Official Facebook Page

Al-Qayeb issues a decree regarding the new regulations for faculty members

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The Minister of Higher Education, Omran Muhammad Al-Qayeb signed the decree n° 32 of 2022 regarding the rules for granting research hours to faculty members.

The decision stipulates the payment of research hours for a faculty member according to the academic degree he holds. Faculty members in Libyan universities with the rank of (Assistant Professor – Associate Professor – Professor) should supervise master’s theses or doctoral theses at the rate of 4 university students, but who are with the rank of (Lecturer – Assistant Lecturer) must submit a research proposal at the university’s research center or to any accredited research center in the Libyan state, according to its specialization.

The decree also stipulates that a faculty member with the rank of (Assistant Professor – Associate Professor – Professor) is required to supervise the theses of graduate students, amounting to 7 students at the Libyan Academy and its branches.

The Minister of Economy issues a decree to amend the service fees for the Chambers of Commerce, Industry and Agriculture

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The Minister of Economy and Trade issued the decree N° 157 regarding the amendment of service fees for the Chambers of Commerce, Industry and Agriculture.

As the fees for a certificate of practicing a trade in a specific commodity are 10 dinars, a customs exemption certificate is 100 dinars, a commercial and financial identification certificate is 10 dinars, a certificate regarding a visa or passport is 10 dinars, a certificate of the establishment of the origin of the goods is 4 of a thousand of the invoice value as a minimum of 100 dinars and 1000 dinars for the certificate for sovereign commodities such as oil, 2.5 dinars of the invoice value and a minimum of 100 dinars for the products of the Libyan Iron and Steel Company, and 7.5 dinars per ton of scrap exported of all kinds according to the decree.

Adapted from Sada Website

Sanalla stresses that the Corporation always gives priority to Libyan national companies to implement many important projects in the Libyan oil sector

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The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, met today, Thursday, with the Chairman of the Directors Board of Libomark group, Ali Msalem, and the commercial director of Jabal Al-Falkasi Company for Oil and Gas Services of Libomark group, Omar Abu Shaala.

The meeting discussed the possibility of national private sector companies contributing to the implementation of part of the projects that the Corporation seeks to implement in order to increase production capacity. The private sector presented a presentation containing a brief explanation of their activities and work related to the oil industry.

On the one hand, Sanalla stated that energy production in Libya depends mainly on the private sector, and that most of the drilling work is carried out by private companies, in addition to petroleum services and supplies, referring to the role of the private sector during the seventies, when most services, transportation and other technical works were provided by them. The national private sector until then reduced its role, stressing that the Corporation always gives priority to Libyan national companies to implement many important projects in the Libyan oil sector, and that opportunities are available to all companies without exception, taking into account the provision of quality and efficiency standards, in addition to competitive prices.

Al-Hibri discusses with the Parliament’s Planning and Finance Committee and the National Planning Council the proposal for the unified salary scale

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The Deputy Governor of the Central Bank of Libya Ali Al-Hibri discussed in a meeting today, Wednesday, with the Chairman and members of the Parliament’s Planning and Finance Committee, the Chairman and members of the National Planning Council and a number of experts, the proposal for the unified salary scale.

The attendees discussed the unified salary scale for civil servants, which was previously referred to Parliament for discussion and issuance of a law in this regard. The meeting witnessed the presence of the Chairman of the National Planning Council Miftah Al-Harir, the Director of the Presidency of the House of Representatives Ashraf Al-Karimi, a member of the Exchange Rate Committee of the Central Bank of Libya Sanad Al-Hassi, the university professor Abdul-Jalil Al-Mansoori, the former Undersecretary of the Ministry of Finance Idris Al-Sharif and the financial expert Khaled Al-Zaydi Director of the Center for Economic Research at the University of Benghazi.

The meeting was also attended by video technology, Chairman of the Finance Committee of the House of Representatives, Omar Tantoush, Committee member Abdel Moneim Balkour, Deputy General of the National Planning Council, Sami Said Shalladi, and experts, Massoud Abu Rawi, Saleh Derdera, Salah Bougrara, and Head of the Finance Committee, the permanent representative of the Ministry of Finance Mohammed Abu Dhuwaih and representatives of the United Nations Development Program in Libya Mahdi Bashir and Tariq Al-Siddiq.

The deputy governor agreed with the Parliament’s Finance Committee and the National Planning Council to intensify meetings to come up with a salary schedule that achieves justice, raises real income and becomes compatible with the capabilities of the state.