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Al-Mishri responds to al-Mangoush’s statement on the withdrawal of Turkish forces from Libya

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In response to the statements made by the GNU’s Foreign Minister, Najla al-Mangoush, to Italian MPs, in which she highlighted Turkey’s determination to withdraw its militants and mercenaries from Libya, Chairman of the High Council of State, Khaled al-Mishri, said Friday that he respects the roadmap issued by the Libyan Political Dialogue Forum (LPDF), adding that it was not within the remit of the GNU to cancel or amend any “legitimate” agreements.

Al-Mishri added:” we affirm our respect for the agreement signed with the Turkish state in both parts, and we also respect any previous agreements in any domain signed with other countries.”

He also stressed that the presence of foreign forces on Libyan lands is totally and completely unacceptable, and it should not be the subject of discussion or bargaining by anyone.

However, according to him, everyone should be well aware of the difference between mercenaries and the presence of forces based on these concluded agreements.

Al-Mishri added:” Whoever discusses issues related to national security before a foreign parliament is not entitled to talk about national sovereignty”.

Libyan Foreign Minister, Italian Foreign Minister meet in Rome

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Italy’s Foreign Minister Luigi Di Maio met with his Libyan counterpart Najla al-Mangoush on Thursday.

Di Maio said in a joint press conference published on social media after the talks that he reiterated Italy’s commitment to the stabilization of Libya through a process guided by Libyans and supported by the United Nations, adding that Italy is open to cooperation with Libya to provide essential services to the Libyan people.

Thursday’s talks were aimed at “consolidating the already existing privileged bilateral partnership between our two countries,” Di Maio added.

“Libya’s relations with Italy are close and historic,” al-Mangoush said.

“Based on the solid friendship between our two countries we will continue our cooperation in the political, economic, cultural, social and security sectors,” she said.

“We hope for the return of Italian businesses … and that relations between entrepreneurs in both countries can resume,” she added.

“We hail the opening of the Italian consulate in Benghazi, and we hope that it will be the start of a new chapter between our two countries,” the Libyan foreign minister said.

UNSMIL expresses concern over threats to oil production

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The United Nations Support Mission in Libya expressed its concern regarding the recent shutdown in oil production at Marsa al-Hariga and indications that other shutdowns may be imminent.

The UNSMIL said the uninterrupted production of oil as well as maintaining the independence and impartiality of the NOC remains a vital cornerstone to the economic, social and political stability of Libya.

It is incumbent on all parties to ensure that the NOC remains an independent, technocratic, well-resourced institution and to ensure the transparent and equitable management of resources, as set out in the LPDF Roadmap, to combat corruption. This is of critical importance for the Government that is requested to improve the delivery of basic services to the Libyan people.

Libya’s oil ministry authorises NOC funds in budget row

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Libya’s new oil and gas ministry has agreed to pay 1.048bn Libyan dinars ($232.5mn) to state-owned NOC, to settle a funding dispute that has disrupted 280,000 b/d of capacity, according to Argus Media Group.

The ministry yesterday night said it has already transferred 500mn Libyan dinars to NOC, in coordination with the north African country’s ministry of planning.

NOC had on 19 April instated force majeure restrictions at the eastern Marsa el-Hariga terminal, after its subsidiary Agoco was forced to severely reduce productions when a lack of funding prevented it from fulfilling “its financial and technical obligations.”

NOC blamed the Central Bank of Libya (CBL) for the production cut, stating the institution had failed to liquidate 1.048bn Libyan dinars. It did not at the time clarify if this amount was sufficient to meet Agoco’s needs, or whether it would cover a larger portion of NOC’s requirements.

Argus Media Group pointed out that Agoco operates the larger 200,000 b/d Sarir and Mesla fields, along with the smaller Hamada, Nafoora, al-Bayda and Majid — for a total production of around 280,000 b/d, according to NOC and Libyan sources.

The calls for additional funding come at a time when Libya’s new Government of National Unity (GNU), which took the office last month under premier Abdelhamid Dbeibeh, is seeking to push through a long-stalled budget bill for 2021. Libya’s legislative body, the House of Representatives (HoR), sent back a draft proposal earlier this week, requiring revisions.

Sirte Oil Company warns against financial crisis

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Sirte Oil Company said in a statement that the company’s financial situation is very critical, adding:” we have no capacity to continue operating production units and we will have to cut production and stop it permanently within 72 hours, we have no ability to fulfil our contractual obligations to contractors and accumulated debts.

The oil company added that it has a significant budget shortage that has not been covered by the Central Bank of Libya (CBL) for 7 months, which resulted in a severe shortfall in the provision of spare parts and materials to continue production

According to Sirte Oil Company, the amount of gas turbine operating oils and lift compressors in the fields of the company is almost completely exhausted, which threatens complete stoppage if it is not remedied urgently

Libya Oil Recovery Threatened

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The international news agency, Bloomberg, said Tuesday that Libya’s oil production has fallen below 1 million barrels a day for the first time in months as a budget dispute hinders the OPEC member’s ability to fix war-damaged infrastructure.

According to Bloomberg, Hariga was scheduled to load six crude cargoes of 1 million barrels each next month — equivalent to 194,000 barrels a day in total — according to a loading program.

Other domestic producers are also struggling. Sirte Oil Co., another NOC subsidiary, has had to decrease output by about 20,000 barrels a day and more firms may follow suit, according to a person familiar with the matter.

The NOC has long complained it needs more money to fix aging energy infrastructure. Its chairman, Mustafa Sanalla, told Bloomberg last month that daily output could rise to 1.45 million barrels this year and 1.6 million within two years if the company received adequate funds.

“The NOC has long complained it needs more money to fix aging energy infrastructure. Its chairman, Mustafa Sanalla, told Bloomberg last month that daily output could rise to 1.45 million barrels this year and 1.6 million within two years if the company received adequate funds,” the news agency added.

The company said in Monday’s statement that Libya’s central bank bears “full legal responsibility” for the situation after it refused to release 1 billion dinars ($222 million) that the government allocated to the oil sector. The NOC said it’s received less than 2% of the funds it needs this year to meet maintenance and production targets.

The unity government approved a budget last month that allotted $1.6 billion — the biggest portion of development spending — to the state oil company. Sanalla said he was satisfied with that sum.

Libya’s HoR rejects 2021 budget proposal

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Libya’s House of Representatives (HoR) on Tuesday rejected the budget plan proposed by the country’s new unity government.

The MPs have voted by the majority to return the budget bill to the government for amendment in accordance with the recommendations of the House of Representatives.

97 HoR members attended Monday’s session in Tobruk to discuss the 2021 LD 96 billion budget presented by prime minister Abd Alhamid Aldabaiba.

Dbaiba, Egyptian PM sign eleven MoUs

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Head of the National Unity Government, Abdul Hamid al-Dabaiba, signed Tuesday eleven memorandums of understanding with the Egyptian Prime Minister, Moustafa Madbouly, in order to boost bilateral cooperation between the two countries in various fields.

Madbouly pointd out that the signing of cooperation MoUs between Egypt and Libya in health, electricity, manpower and industry fields reflects the strong ties binding the two countries.

During the talks, the two sides agreed on implementing a number of major projects in the electricity, energy, communications and information technology and infrastructure domains.

Sanalla meets CEO of the French company TOTAL

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The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, received Tuesday the Chief Executive Officer of TOTAL, Patrick Pouyanné, and his accompanied delegation in the presence of Members of the Board of Directors, Abulgasem Shengeer and Alamari Mohamed.

The meeting discussed strengthening the bilateral relationships and expanding the scope of mutual cooperation between the two sides.

The needs of the two companies, Al Waha and Mabrouk, were also discussed for the purpose of increasing production rates according to short, medium and long-term plans, as well as introducing renewable energy technology (solar energy) in the systems of the Waha Oil Company.

Social initiatives programs in the company’s operations areas were addressed as well.

For his part, Pouyanné promised to make more contributions, on top of which is the contribution to financing the World Health Organization’s proposal submitted to the National Oil Corporation regarding the provision of medicines and treatment for a segment of children from oncology patients in Libya.

The National Oil Corporation said it seeks to achieve these vital goals with its partner Total, in order to advance the Libyan oil sector, which is the main and only supporter of the national economy.