Yesterday morning, the meetings of the economic track started in Cairo, with the participation of financial officials representing Libya’s economic sector.
21 persons from financial and banking institutions from across Libya attended the meeting in order to discuss uniting the sovereign economic institutions, distribution of oil revenues as well as managing state resources.
Yesterday, Libya’s Zawiya Oil Refining Company stated that it was forced to stop refining operations due to a lack of crude supplies.
A source from the National Oil Corporation claimed that two refining units with a capacity of 60,000 barrels had stopped.
It should be reminded that oil output in Libya has fallen sharply since January 18 because of the blockades.
Hence, Libya’s oil production had dropped to 181,576 barrels per day by Thursday, from about 1.2 million barrels per day before the blockades.
Today, oil dropped more than 20% from a peak in January after the spreading virus hit demand in the world’s largest oil importer and fuelled concerns of excess supplies.
Brent crude LCOc1 slipped to $54.23 a barrel by 09:45 GMT, down 24 cents or 0.4%.
However, U.S. West Texas Intermediate CLc1 fell 25 cents or 0.5% to $50.07 a barrel.
The employee in National Commercial Bank, Samia Mareei Amer Muhammed, who is accused of misappropriating 20 million dinars from the National Commercial Bank, confirmed that the allegation concerning the misappropriation is inaccurate.
She also clarified the reason behind travelling to Tunisia stating that her children were sick.
Samia Mareei added that her colleague informed her about the accusation only when she returned to Libya.
The case was referred to the Attorney General, and the bank management did not charge her with misappropriating 20 million LYD. However, it referred the case to the court, then suspended her. She clarified.
Today, the dollar rose to 4.26 LYD, while the euro recorded 4.67 LYD.
However, the pound was stable at 5.50 LYD.
The Turkish lira exchange rate was set at 0.71, while the Tunisian dinar fell to 1.51 LYD after reaching 1.52 in Thursday.
In a statement to “Tabadul”, Mohamed Takuri claimed that “in addition to the second gas unit, the fifth and sixth production gas units started to work again as well”, adding that the solution that has been reached is temporary because the accumulation of waste will continue.
Thanks to the efforts of the engineers and technicians of the power station south of Tripoli, the second gas unit with a capacity of 100 MW was recently restarted.
As a result of the accumulation of garbage adjacent to the station south of Tripoli and the rise of smoke (aerosol) with heavy fog, which led to the blockage of air filters and the exit of units (second, third, fourth and fifth) from service, and thus the south Tripoli station suspended its operations and lost a value of 400 megawatts.
In addition to the inability of the company on the discharge of the energy produced due to the injury of the major transport circles in southern Tripoli, which led to an increase in the electrical network deficit.
The general Electricity Company of Libya declared that the second, fifth and sixth production units in Zueitina station suspended their operations because of the low gas pressure.
In a statement, GECOL announced that 600 megawatts were lost, adding that the third and fourth production units in North Benghazi lost 230 megawatts too.
The former Chairman of the High Council of State Abdulrahman Sewehli decided to file a lawsuit against the Chairman of the Libyan Audit Bureau Khaled Shakshak for slander, forgery, defamation, abuse of position, as well as exploitation of the Control Organization in favor of Justice and Constuction Party to which he belongs.
Sewehli accused Shakshak of being involved in what he considered “complicity” with the member of Justice and Construction Party Khaled Al Meshri on May 30, 2018.
For instance, they charged Sewehli of having been held in Tunisia for a certain period, accompanied by his family, at the expense of the High Council of State.
Morover, Sewehli accused Al Meshri and Shakshak of what he considered “an attempt” to hide a letter he described as “confidential”.
In this letter, Shakshak confirms to Al Meshri that there is a similarity and error in names, and that the documents of this case are related to “Abdullah Sewehli” who has been sent abroad for treatment at the expense of the Presidential Council of Libya because of his illness.
