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Author: LS

Al-Zawia Oil Refining Company to restart the second refining unit

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Al-Zawia Oil Refining Company announced that it continues to restart the production units of the company to produce various types of oil derivatives to support the stability of the local market by providing these derivatives after production stopped for months due to the stoppage of crude supplies.

The Company indicated on its Facebook page that after the company started to restart the second refining unit, “Topping Unit,” technicians were able to operate steam turbines to produce electric energy to reduce dependence on the public network, and then resume exporting crude oil through the company’s port with a first shipment of 630,000 barrels of crude oil.

Refining Superintendent Muhammad Masoud confirmed the commencement of restarting the second improvement units, “Platforming Units,“ to produce benzene, cooking gas, and light naphtha, as the products were transferred to tanks on Thursday, after technical difficulties associated with the restart process had been overcome.

Libya: Covid-19 cases pass 66,000 mark

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1004 new cases of Coronavirus were registered in Libya, according to the National Center for Disease Control (NCDC).

The NCDC announced in a statement on its official Facebook page that 514 new recoveries had been registered, in addition to 8 deaths due to COVID-19.

According to the Center, the total amount of infections reached 66,444 cases, 26,905 of which remain active.

However, the number of people fully recovered increased to38,624, while the number of fatalities reached 915.

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USAID: ASSISTANCE TO LIBYA’S COVID-19 RESPONSE REACHED ABOUT $850 Million

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The United States Agency for International Development (USAID) has funded Libya with more than $18.2 million to combat the Coronavirus.

The agency said in a statement that the total US aid to Libya has amounted to about $850 million since 2011 in order to meet urgent humanitarian needs and support the comprehensive development of Libya.

The statement explained that the agency is cooperating with the non-governmental institutions, civil society, and the private sector “to support strengthening the foundations of a Libyan state and to support stability and self-reliance in Libya.”

Full Report: t.ly/Qt0j

Ministry of Finance transfers permission to the CBL for the October wage

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The Ministry of Finance announced that it has forwarded to the Department of Banking Operations at the Central Bank of Libya (CBL) permission for payment of salaries for the month of October to all institutions funded by the public treasury.

According to a statement by the ministry, this step would be followed by the procedures implemented by the CBL.

The Central Bank of Libya refuses to disclose its balance sheet of foreign reserves— Petroleum Economist

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The US first persuaded the secretive Central Bank of Libya (CBL) to open its books, with financial services firm Deloitte commissioned to produce an audit.

A Libyan peculiarity is that, while the GNA is nominally in charge of the CBL, the bank refuses to disclose its balance sheet of foreign reserves to them or anyone else.

Many observers, including both governments, doubt those reserves are as high as the World Bank’s estimate of $87bn, according to Petroleum Economist.

US officials take a view that, before Libyans can decide how to divide oil revenue, they must first know genuine figures.

Petroleum Economist said that whether the oil recovery can be maintained and expanded or will succumb to fresh shutdowns depends on a series of hurdles.

It added that the first is whether the UN can translate the ceasefire into a long-term political deal. It is convening peace talks in Tunis on 9 November, hoping Libya’s myriad factions agree on elections for a new, yet-to-be-defined united government.

A second problem is that the revenue-sharing commission agreement—Haftar’s trigger for lifting the blockade—has collapsed. Most of the GNA has rejected the deal, despite Maiteeq’s support. Diplomats hope a new revenue-sharing mechanism can be agreed upon at the Tunis talks.

Thirdly, the ceasefire calls for foreign forces to exit Libya by 23 January. Neither Turkey nor Russia, the countries with the largest forces deployed, have signaled willingness to comply.

Libyan traders to continue importing goods without adhering to bank payment mechanisms

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The GNA’s Presidential Council (PC) extended the period of importing goods by traders without committing to the banking payment mechanisms in force through the Central Bank of Libya (CBL) until December 31, 2020.

The Deputy Director of the Customs Authority circulated to all competent authorities the PC’s decision with its status under implementation.

“Gaddafi was committed to fighting corruption”

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“I was not convinced of Act No. 4. However, wasn’t against it. “an official of the former regime, Ali Abou Jazia, stressed during his televised interview for Libyan WTV channel and Tabadul Platform.

Concerning corruption, the spokesman stressed that the former regime did not hesitate to fight corruption, and the great indicator of that, of course, is the fact of arresting public companies’ heads in 1979.

The former official considered that most miserable people are those working in the revolutionary committees considering the poverty their majority, acknowledging that only a few of them exploited their positions. The spokesman also stressed Gaddafi’s commitment to fighting corruption.

Main points of agreement between Libya’s warring sides at Ghadames meetings

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The Acting Special Representative of the Secretary-General of the United Nations in Libya, Stephanie Williams, said that the 5 + 5″ Joint Military Committee, previously “decided to have its main headquarters in the city of Sirte,” confirming that the committee meeting in Ghadames, which lasted for two days “accomplished all its work.”

Williams announced during a press conference held this evening in the city of Ghadames that the parties “agreed to form a military committee to oversee the return of the forces to their headquarters and the withdrawal of foreign forces from contact lines” and “agree on measures to monitor the ceasefire with the participation of international observers.”

She added that the parties also agreed “that the next meeting will be in the city of Sirte this month,” and on the need for “immediate return of flights to the city of Sebha and Ghadames.”

The Acting Special Representative noted that “the subcommittee formed by the Military Committee will continue on the exchange detainees until the completion of this file,” noting that the two parties also agreed to “form specialized engineering teams to remove mines, in cooperation with the General Intelligence Service and the United Nations.”

She also confirmed that the Military Committee had agreed to work on “forming a committee to combat hate speech.”

Libya: fatalities due to COVID-19 reach 900

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899 new cases of Coronavirus were registered in Libya, according to the National Center for Disease Control (NCDC).

The NCDC announced in a statement on its official Facebook page that 615 new recoveries had been registered, in addition to 7 deaths due to COVID-19.

According to the Center, the total amount of infections reached 64,587 cases, 26,077 of which remain active. However, the number of people fully recovered increased to 37,610, while the number of fatalities reached 900.

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Libya’s NOC, Italy’s Eni to develop Al-Buri offshore oilfield

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The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah has discussed with the Chief Operating Officer of the Italian Eni Group, Alessandro Puliti, the resumption of the second phase of developing Al-Buri offshore oilfield.

The NOC said in a statement that the meeting reviewed issues related to the project, financially, legally, technically and logistically, as well as the current challenges represented in the lack of funding that the NOC needs.

The NOC and Eni Group confirmed the strategic cooperation between the two sides which extends to nearly fifty years, hoping to extend it for the development of the oil and gas sector in Libya.