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Implemented appropriations reached 89 million dollars during the first 9 days of 2022

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The Central Bank of Libya revealed the details of the requests for opening documentary credits that were implemented during the beginning of the current year 2022, specifically during the period from the 1st to the 9th of this month, which amounted to about 89 million dollars, equivalent to 409 million Libyan dinars approximately.

According to its data, the Central Bank began this year by approving the opening of 113 documentary credits for more than 80 companies and factories. The total opened credits during this period in dollars amounted to about 77.5 million, while the value of opened credits in euros exceeded the amount of 9.7 million, in addition to credits of 283 thousand Tunisian dinars and a single appropriation in Japanese yen, worth 18.8 million.

These credits were allocated to the supply of many commodities, including foodstuffs, livestock, frozen meat, medical supplies and equipment, human and veterinary medicines, clothing, household materials, building materials, cars, spare parts, tires, raw materials for operating factories, companies services and others.

Dbeibeh reviews the problems facing the educational process

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, held a meeting today, Tuesday, at the headquarters of the Education Ministry, with the designated Minister of Education, the Undersecretary of the Ministry and the directors of various departments, in the presence of the Minister of State for Cabinet Affairs and his president, Adel Jumaa, in order to review the problems facing the Ministry and the educational process and find proposed solutions.

Dbeibeh also stressed the need to pay attention to develop the educational process and be updated, noting that the government will always be supportive in various ways for the teacher who raises children and brings forth generations that build the country.

The meeting touched on the reasons for the delay in the availability of the textbook, where Dbeibeh said:  « We apologize to all our students and their parents for the delay in the availability of books. To solve this issue, it is necessary, from now on, to print books in Libya, and as for the transition to other educational methods than books, it takes time and we cannot apply it in countries that are still in the process of stability.

With regard to school maintenance work, he said that the government started last year to maintain and complete a large number of schools in all regions of Libya, noting that more will be built this year, and we will no longer be satisfied that our children learn in briar and trills.

At the end of the meeting, he stressed the deterrence of any violence against students. The ministry should stand firmly to end this phenomenon, as well as fixing the chaos in education.

Adapted from Libyan Ministry of Education official Facebook Page

123.5 million dinars liquidation distribution to the banks branches

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The liquidity team of Libya Central Bank said in an exclusive statement that within the framework of the Central Bank’s plan to provide liquidity in all branches of commercial banks, and within the plan established with commercial banks in the southern region, the issuance department of the Central Bank of Libya delivered Sabha liquidity shipments worth 123.5 million dinars.

45 million were allocated to the branches of Jumhouria Bank, including 5 million Al-Gourdabia branch, 6 million Murzuq Al-Deesa branches, 5 million Umm Al-Aranib branches, 5 million Traghan branches, 4 million Sabha branches, 4 million Murzuq branches, and 2 million Ghadduwah branches 2 million Zawilah branches, 4 million Wadi Otba branches, and an amount of 75 million was allocated to the branches of the National Commercial Bank, including 20 million Al-Biraq branches, 10 million Al-Qurdah branches, 10 million Adri branches, 30 million Sabha branches, and 5 million Sebha University Agency.

In addition to a liquidity shipment of 3.5 million to the branch of Wahda Bank in Sabha, the bank branches will start distributing liquidity on a regular basis and raising the withdrawal ceiling.

Adapted from Sada Website

Suspension of exports from Sidra port due to insufficient storage places

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The National Oil Corporation announced in a statement today, on its official Facebook page, that has stopped exports from the Sidra port, because of its inability to replace the destroyed reservoirs in the past as a result of wars.

Because of the bad weather, it was not possible to connect the cumulative tankers to the port, which forced Waha Oil Company to reduce its production of Sidra port at an average of 50,000 barrels per day, even if the situation continued. This decrease in daily production may reach 105 thousand barrels per day – as stated in the text of the statement -.

Adapted from National Oil Corporation Official Facebook Page

The decision to arrest the Investment Corporation Head was issued by the Belgian court to pressure Libya to pay 47 million euros

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Naziha Ashour, the Undersecretary of Justice Ministry and a member of the Follow-up Committee for Judgments against Libyan Funds at the Belgian Euroclear Bank, stated on Monday, that the issuance of a decision to arrest the head of the Libyan Investment Authority, “Ali Mahmoud” from the Belgian court, aims to pressure Libya to seize a financial value from its frozen funds.

She revealed that the purpose of the arrest warrant was to pressure the Libyan state to pay an amount of 47 million euros, in which a judgment was issued by the Belgian Civil Court in favor of Prince Leon of the Kingdom of Belgium against the Ministry of Agriculture, noting that this decision took a political direction rather than being legal.

The Undersecretary of the Ministry of Justice considered that Belgium’s resort to seizing the funds frozen in the Euroclear bank is dangerous and infringement on the funds of the Libyan Investment Authority.

She noted that 15 billion euros are still frozen in the Belgian Euroclear bank under Security Council Resolution No. 1973 of 2011.

Naziha Ashour added that the funds transferred are only the interests on the frozen assets, amounting to 2 billion and 200 million euros, and were transferred during the period from 2011 to 2018 based on the approval of the Belgian government represented by the Minister of Treasury, in a manner that does not contradict the Security Council resolution regarding freezing of funds.

She pointed out that the issuance of a new Security Council decree in 2018, stating the freezing of interests on frozen assets, and since its issuance, no amounts have been transferred.

Our source reveals: Deterrence Device confirms the arrest of Faisal Qurkab after breaking into the office of the current head of the LPTIC, Mohammed Ben Ayad

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The spokesman for the Anti-Terrorism Deterrence Agency, Ahmed ben Salem, confirmed on Monday, to our channel « Tabadul TV », the arrest of the former Chairman of the Directors Board of the Libyan Post Telecommunications & Information Technology Company, “ Faisal Qurkab.”

Ben Salem added that this came by order of the Public Prosecutor and based on a complaint submitted at the Bab Ben Ghashir Police Station against breaking into the office of the Chairman of the Directors Board of the Libyan Holding Company.

 

The budget of 2022 : a need to include the previous years obligations and the salaries variables

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The Minister of Finance of the National Unity Government, Khalid Al-Mabrouk, discussed, during his meeting on Monday, with the Chairman of the Finance Committee, the explanatory memorandum for the general budget for the current year 2022, stressing the need to include in the general budget, the obligations arising from previous years.

The meeting focused on the public revenue file and several other files that the public budget will contribute to solving its challenges, in addition to the government’s vision of some financial policies resulting from the general budget.

The meeting also discussed the changes that occurred in Chapter One and the inclusion of the values ​​of the variables in the draft general budget, and reviewed the criteria on the basis of which the estimates of the general budget were prepared for its introduction and those presented to the Ministerial Committee in preparation for submission to the Council of Ministers.

The Minister of Finance also discussed the files of the National Oil Corporation, its budget, the Social Security Fund, the differences and the mechanism for dealing with them, as well as including an increase in retirees in the proposed budget.

The 3D Seismic scanning program in the area 57 is set with a budget of 28.4 million dinars

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The Chairman of the Directors Board of the National Oil Corporation said that a budget for the 3D Seismic Scanning Program had been liquidated to cover 1,500 square kilometres of the area 57, located in the surface of Barca, worth 28.4 million dinars of the total total value of the project, estimated at 38.1 million dinars.


He added that the project would begin after the mine scanning in the area had been completed, noting that the Arabian Gulf Oil Company had provided drilling programs for three new exploration wells and three other production test wells, which had been discussed and technically approved by the Enterprise Exploration Department, but the lack of approval of the budget for the year 2021 prevented its implementation.


Mustafa Sanalla noted that the National Oil Corporation attaches the utmost importance to the implementation of development drilling programmes and the investment in these types of activities. It works hard to accomplish them and to obtain the necessary funding for these activities have significant and positive impacts in reducing the decline in production rates and ensuring their stability and increase.

Our source at the Ministry of Social Affairs says: The grant of December for the displaced people of the Eastern Region is still in process

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Our official source at the Ministry of Social Affairs told our channel « Tabadul » that the grant set for the displaced people of the eastern region in the amount of 1,000 dinars for the month of December is still under the procedure and has not been disbursed to its beneficiaries, despite the allocation of the value by the Council of Ministers.

The Council of Ministers of the National Unity Government issued a decision at the end of last month allocating an amount of five million dinars in favor of the Ministry of Social Affairs to disburse a grant of one thousand dinars to the displaced people of the eastern region for the month of December, deducting from the “miscellaneous” article.

Libyan production rose to 900,000 barrels per day

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Oil minister, Mohamed Oun said that Libya’s oil production rose to 900.000 barrels a day after a major crude pipeline was fixed, though shutdowns elsewhere are still curtailing output.

He added that the supply boost followed the completion of works on a pipeline linking the eastern Samah and Dhuhra fields to the country’s biggest oil port.

As any continued decline in production from Libya, which has the largest reserves, may hinder the efforts of the Organization of Arab Petroleum Exporting Countries and its partners to boost supplies.

Adapted from Bloomberg News