H.E Seddiq Omar Ali Al-Kabeer, Governor of the Central Bank of Libya (CBL) has met with Mr. Farhat bin Gdara, Chairman of the Board of Directors of the National Oil Corporation (NOC), in order to discuss the possible ways to support the efforts of the NOC to increase and stabilize oil and gas productions, as well as, reviewing the operational and development plan of NOC, which aims to raise the production to approximately 2 million barrels.
H.E Seddiq Omar Ali Al-Kabeer, Governor of the Central Bank of Libya (CBL) met with Dr. Khaled Al-Mabrouk, the Minister of Finance in the Government of National Unity (GNU), to discuss the continuations of the joint cooperation and the significant impact on the level of public spending, in additionto increasing the coordination with international and regional institution
The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, met in his office today, Wednesday, with the Minister of Finance of the Government of National Unity, Khaled Al-Mabrouk, in the presence of a number of directors of the concerned departments.
During the meeting, public spending was followed up and coordination increased with international and regional institutions, in order to continue joint cooperation with the Ministry of Finance.
The committee in charge of the Council of Ministers regarding investment in the fields of renewable energies held today, Wednesday, its first meeting at the Cabinet Office, in the presence of the Minister of State for Cabinet Affairs Adel Jumaa, the advisor to the Governor of the Central Bank of Libya Mustafa Al-Manea, the Director of the Corporate Control Department at the Audit Bureau Abdel Baset Jaboua, and the Director of The Department of Oversight of the Sovereign Sector in the Audit Bureau, Reda Al-Qarqab, which was devoted to reviewing the national strategy for investing in renewable energies.
The meeting stressed the importance of the state continuing to support and implement the national strategy for investment in energies, and not to delay in this field due to its importance in providing energy and investing in it, benefiting from global expertise working in this field, and for Libya to be a pioneer in the region and benefit from the country’s geography.
The administrative judiciary of the Benghazi Court of Appeal, in its session held on Tuesday, issued its ruling to stop the decisions of the National Unity Government No. 601-2022 and 1046-2023, which decided to raise an amount of 16.5 billion dinars and transfer 100 million dinars.
According to the media office of the Ministry of Planning and Finance in the Libyan government, the appeal was submitted by Minister Osama Hammad.
Today, Tuesday, the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, followed up, during a meeting with the Director of the Agency for the Development and Development of Administrative Centers, Ibrahim Takita, and the head of the Agency for the Implementation of Housing and Utilities Projects, Mahmoud Ajaj, the technical procedures for implementing the project of 500 new schools, and the implementation of Al-Hadaba sewage plant.
Takita explained that the device has completed the technical designs, identified the target sites in all municipalities, and obtained the approval of the regulatory authorities to implement the project.
Ajaj added that the agency has completed the contractual procedures for the implementation of the Wadi Mejenin overflow line project, and that work is underway to open the documentary credit for the executing company, after completing all the technical designs and the project plan, stressing the importance of this project, which has been suspended for more than 15 years, for the residents of the Municipality of Tripoli.
The head of the national unity government, Abdul Hamid Dbeibeh, discussed today, Tuesday, during his meeting with the head of the Presidential Council, Mohamed Al-Manfi, the security and services files, the most important of which is the follow-up to the plan of the General Staff regarding the security situation in the municipality of Zawiya.
During the meeting, emphasis was placed on coordinating efforts to support the UN envoy, Abdoulaye Bathily, to reach the elections, and a number of services files related to the need to complete contractual procedures for development projects approved by the 2022 plan to ensure their implementation within the timetables were discussed.
Today, Monday, the workers of the troubled national companies and the withdrawn foreign ones in the Libyan south, the eastern region, and Janzur staged a protest, expressing their refusal to celebrate Labor Day, considering that this day is a day of sadness and mourning for them, due to the procrastination of officials in the House of Representatives and the national unity government, as they put it. In finding final solutions to the suffering of workers in these companies and the disbursement of their salaries for previous years.
The employees of these companies emphasized that any federation or syndicate that celebrates this day is fake and illegitimate and does not represent the workers of troubled and withdrawn foreign companies and does not truly express their suffering over the past years.
A member of the Board of Directors of the National Oil Corporation for Oil Industries discussed during a meeting held on Saturday, to follow up the final arrangements in preparation for the comprehensive shutdown of the Mellitah Industrial Complex, as of the 1st of May, 2023, to ensure the provision of quantities of natural gas to operate the iron and steel complex and power stations, as well as the possibility of securing additional quantities of gas via Line 103 – the Coast field to produce the largest possible quantities of electricity to cover the expected deficit in electricity supply as a result of the gas shortage during the shutdown period, which is expected to last approximately 3 weeks.
The meeting was attended by representatives from the administrations of the National Oil Company, Mellitah Company, companies from Sirte, Green Stream, Al-Waha, Zueitina and Brega, in addition to the General Electricity Company and the Iron and Steel Complex.
The Chairman of the Board of Directors of the Libyan Iron and Steel Company, Mohamed Al-Faqih, discussed today, Sunday, during a meeting with the Minister of Labor and Rehabilitation of the Government of National Unity, Ali Al-Abed, completing the necessary appropriations for the company’s work regulations by the Ministry, health insurance for foreign workers in the company, in the presence of the supervisor of the administrative affairs and services sector, Hassan Dabak and the Director of the Office of Legal Affairs, Marai Al-Maliki.
The meeting discussed some of the obstacles facing the iron and steel industry in Libya, including the shortage of energy, both natural gas and electricity, as well as problems related to the high costs of local iron scrap, and the low quality of what is available for purchase, because it continues to be exported.
The meeting discussed the scarcity and high prices of iron ores in the foreign market, and consideration of the possibility of benefiting from local iron ores in southern Libya, in addition to the possibility of entering into investments to set up a project to establish a factory for pelletizing iron ores in the Republic of Mauritania, and the communication that was made with the Mauritanian authorities in this regard.
Al-Abed assured that he would do his best to market the products to support the company to enter its products into the African markets.
