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EU Delegation supports NOC’s efforts to resume oil production

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The European Union (EU) Delegation to Libya on Wednesday condemned the presence of foreign mercenaries in Libya and called on all Libyan and regional players to make efforts to lift oil blockade.

“We call on all Libyan and regional actors to constructively engage in efforts to lift the blockade. We strongly condemn the presence of foreign mercenaries in Libya, including the Sharara oilfield and any other oil infrastructure,” the Delegation said in a statement.

The delegation, the diplomatic mission representing the EU in Libya, expressed support for the UN-backed government’s National Oil Corporation (NOC) “in its efforts to resume oil production while also seeking to ensure transparency in the utilisation of oil revenues.”

“All actors, Libyan and foreign, should ensure the NOC is able to fulfill its vital mandate unimpeded on behalf of all Libyans,” the statement said.

Spain calls for end to oil production blockade in Libya

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Spain’s Foreign Affairs Ministry released a statement on Tuesday calling for the end to the blockade on oil production in Libya.

“The Spanish government expresses its grave concern over the deterioration of the economic situation in Libya,” read the statement. “To end it, we urgently call for an end to the blockade on oil production, a resource that belongs to all of the Libyan people.”

“It is necessary to guarantee the correct operation of the oil installations and the management unit controlled by the National Oil Company (NOC) under the authority of the Government of National Accord (GNA),” read Spain’s statement.

Losses from the closure of Libya’s oil wells and the current blockades have added up to nearly $6 billion over the last five months, the country’s National Oil Corporation (NOC) said in a statement.

Taha Bara: “the state monopolizes the use of force”

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During “Flusna”, a television programme broadcasted on WTV channel and Tabadul Platform, the legal expert and Director of the Economic Saloon, Taha Bara, denied the rumours that Libya is exporting electric power to  neighbouring countries.

Having considered an official technical report submitted in 2019 by the General People’s Committee, Taha Bara stressed that Libya suffers from an issue related to power production and distribution.

He also added that the report highlighted the causes of the crisis. For instance, demographic growth, development projects that will drain a lot of energy and expected to be accomplished, in addition to projects that have not ended yet are the main reasons.

“We cannot excuse neither GECOL, nor the government or parliament for the ongoing power outages in a Limited consuming country,” he said.

“We suffer from two main points, the first of which is the excessive consumption of energy and the second is the long-hour power cuts,” Said Bara, adding that the state monopolizes the use of force and law enforcement.

Taha Bara also announced that the Economic Saloon intends to make accurate recommendations to GECOL and express its aspiration, including opening up to the private sector, reconsidering and restructuring the Statute.

Libyan Protestor: “we are demanding new management for GECOL”

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During his televised interview for Libyan WTV channel and Tabadul Platform, a Libyan civil activist and one of the participants in Tripoli’s demonstration against ongoing power outages in the city, Adel Al-Kriwi, told media personality Ahmed Sanussi that several reasons have pushed them to protest, among which the long-hour power cuts, pointing out that some areas suffer from load-shedding outages of up to three days.

He also stressed that the protest followed the letter of Khaled Shakshak, head of Libya’s Audit Bureau, to the Presidential Council calling for sacking the board of directors of the GECOL, accusing them of corruption.

“Protestors have been calling for sacking the GECOL board of directors and appointing a new one,” he said.

Al-Kriwi indicated that they are calling for holding accountable the board of directors of the General Electricity Company of Libya (GECOL) as well as its executive management, saying they should be sacked as they completely failed to resolve the problems of electricity services for years amid a deep-rooted conflict between them.

According to Al-Kriwi, protestors also demand an urgent investigation before the Chamber of Deputies concerning the Audit Bureau’s report posed by the recent statement of Khaled Shakskak.

The spokesman affirmed that they will continue to demonstrate and protest not only until meeting their legitimate demands, but also until guaranteeing to citizens a decent as well as stable life.

“The number of protestors have been equally divided into men and women,” said Al-Kriwi.


Oil prices drop on prospect of returning Libyan supplies

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Oil prices slipped on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle since the start of the year.

The more-active September contract for Brent fell 60 cents, or 1.43%, to $41.25 a barrel by 13:49 GMT, paring Monday’s 92 cent gain. The August contract , which expires on Tuesday, fell 69 cents to $41.02.

U.S. crude was down 63 cents, or 1.59%, at $39.07 a barrel.

Oil money could be split between banks in different regions in Libya- The Guardian

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The Guardian, a British daily newspaper stated that under a deal under discussion for the past two weeks, the Libyan National Oil Corporation (NOC) – one of the few institutions that has avoided a split between the country’s east and west – would restart production and exports, but the oil revenue would not be sent immediately to the Tripoli-based Central Bank of Libya, which Haftar’s eastern faction has accused of failing to hand over its fair share.

The distribution of oil revenues has been a focal point of grievance fuelling Libya’s civil war. Successive blockades of the oilfields have deprived the NOC of as much as £6bn revenue.

Proposals in the talks include that the revenues be split between as many as three banks representing different regions, with an agreement not to use them for military purposes. Eastern tribal leaders are being consulted on the plans.

Last week a convoy of Russian mercenaries from the Wagner group, believed to be acting with the consent of Moscow, entered the giant Sharara oilfield accompanied by Sudanese fighters in a show of force designed to protect territory controlled by forces supporting Haftar.

An NOC spokesman confirmed there were talks and said: “We are hopeful that those regional countries will lift the blockade and allow us to resume our work for the benefit of all the Libyan people. We need to resume work immediately to save our infrastructure and the Libyan economy.

“NOC is determined that the agreement will guarantee transparency and that oil revenues will achieve social justice for all Libyans. The corporation also intends the agreement will include solutions to protect the oil facilities and make sure they are never used as a military target or a political bargaining chip again.”

ACA’s Annual Report Is Ready

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A well-informed source in the Administrative Control Authority (ACA) has revealed to Sada Economic Newspaper that its 2019 Annual Report is ready.

The source added that the legislative authority is satisfied with ACA’s findings. For instance, despite the difficult circumstances the country has been experiencing, members and officials of the Administrative Control Authority were able to complete the report to the fullest extent.

Turkish company prepping offer to supply Libya power

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 During his meeting with the CEO of the General Electricity Company of Libya (GECOL), Ali Sassi, the Turkish Ambassador to Libya, Serhat Aksen, has presented the expertise of Turkish electrical companies to reach, at least a partial solution to the electricity problem in Libya, putting forward a firm set of proposals which contribute to the stability of the electrical network.

For his part, Ali Sassi promised to present these proposals to the Presidential Council for approval, in preparation for their implementation.

Besides, Turkish power-ship operator Karadeniz Holding is preparing a bid to supply up to 1,000 megawatts of electricity to conflict-hit Libya and will submit it soon, the company said on Monday.

Libya cooperates with EU to face illegal immigration

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During a meeting on Monday, the undersecretary of the Ministry of Defence, Salah El-Din El-Namroush has agreed with the European Ambassador, Alan Bugeja on the necessity to cooperate in the immigration file. For instance, the two sides agreed that Libya and the EU could work together to curb the flow of illegal immigrants to southern Europe while taking into account their humanitarian situation.

Both sides emphasized that this requires implementing bilateral projects, in order to ensure effective management of the Libyan borders and the joint maritime borders with the European Union.