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The National Oil Corporation reviews exploration programs with the Italian company Eni, British company BP, and the Libyan Investment Authority

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The Exploration Department of the National Oil Corporation discussed, in a meeting held on Monday, the exploration programs for the period 2023-2028 with the officials of the coalition of the Italian company Eni, the British company BP, and representatives of the Libyan Investment Corporation. The meeting addressed overcoming the difficulties and obstacles that may be faced during implementation, as well as the financial aspects and the specified timeframe for completing these programs.

The meeting was attended by the acting Director of the Exploration Department at the Corporation, “Abdulnaser Bin Zeytoun,” and the Italian company “Eni” was represented by the Deputy General Manager of the North Africa Branch, “Wanis Al-Ruaimi,” the Exploration Director, “Giuseppe Britti,” and the Well Operations Manager, “Andrea Minardi,” in addition to representatives of the Libyan Investment Corporation and officials from “BP” via video technology.

The National Oil Corporation had previously signed an agreement with the Italian company Eni and the British company BP, under which the Italian company will work as an operator to resume exploration activities in three areas in Libya, including two onshore areas in the Ghadamis Basin and an offshore area in the Sirte Basin, with a total area of 54,000 square kilometers.

Al-Huwaij participates in the opening of Libya Industries Expo 2023 in Misrata in its second edition

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The minister of economy and trade in the Government of National Unity, Mohamed Al-Huwaij, participated in the opening of Libya Industries Expo 2023 in Misrata in its second edition, along with the Prime Minister, Abdul Hamid Dbeibeh, and the head of the Audit Bureau, Khalid Shakshak.

Al-Huwaij emphasized the importance of developing local trade and industries and achieving economic security, stressing the role of the private sector under the auspices of the government and in coordination with the Ministries of Health and Industry.

For his part, Dbeibeh announced plans to establish other branches in eastern and southern Libya to provide services to those in need, including victims of war and traffic accidents, and people with disabilities who require care through the provision of artificial limbs or supportive equipment.

It is worth noting that the National Center for Artificial Limbs in Misrata witnessed the signing of several memorandum of understanding as part of cooperation with several specialized international companies.

Al-Abed discusses with his Palestinian counterpart ways of cooperation in the labor sector between the two countries

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Minister Ali Al-Abed, Minister of Labor and Rehabilitation in the National Unity Government, discussed on Saturday during a meeting with his Palestinian counterpart, Nasri Abu Jaysh, ways and mechanisms of joint cooperation between the two countries in the field of labor, in the presence of the Libyan delegation accompanying the minister, and the Ambassador of Palestine, Ambassador Mohammed Rahal.

The meeting discussed the agreement signed between the two countries last year to attract labor to provide 10,000 job opportunities for Palestinians in Libya, as the country is currently going through a reconstruction phase, which also aims to work on a legal framework for working in the host country, and facilitate obtaining a work opportunity and visa for Libya.

The two ministers emphasized the depth of relations between the two countries, and Libya’s support for Palestine, its people, and the Palestinian national cause. They also discussed mechanisms for implementing the agreement, and the work of the technical team consisting of the two ministries, which will start its work next month, to develop the executive regulations and procedural steps to implement the agreement signed between the two countries, exchange all information, and discuss electronic linking mechanisms to attract Palestinian labor.

For his part, Al-Abed stressed Libya’s support for Palestine, its government, and people, noting that the agreement signed between the two countries will integrate skilled Palestinian labor into the Libyan labor market in various fields and sectors, to contribute to the revitalization of the country’s economic life.

Al-Abed participates in a meeting to support the implementation of the Palestinian national strategy in Jordan

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The Minister of Labor and Rehabilitation in the National Unity Government, Ali Al-Abed, participated on Thursday in the partners’ meeting to support the implementation of the Palestinian national strategy for employment, in the Jordanian capital Amman. The meeting was attended by a number of Arab labor ministers, including the Jordanian, Qatari, Moroccan, Egyptian, and Bahraini ministers, in addition to the Indonesian Labor Minister and the Palestinian Foreign Minister.

Al-Abed stressed the necessity of unifying Arab joint work to implement the strategy, emphasizing Libya’s constant position on the Palestinian issue and the steps taken by the government in favor of the Palestinian workforce in the country through a package of measures issued by the Ministry.

Representatives from the Arab League, the Arab and International Labor Organizations, and a number of high-level officials from international and regional organizations also attended the meeting.

It is worth noting that this meeting comes in implementation of the decisions of the 48th Arab Labor Conference held in Cairo in September 2022, and in implementation of its recommendations to support the national employment strategy in Palestine, and to invite Arab countries to participate and contribute to the employment support meeting.

General Electricity Company: Sharp decrease in fuel stock for several production stations due to supply interruptions

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The General Electricity Company announced in a statement on Saturday a sharp decrease in the stock of light fuel supplied to several production stations due to supply interruptions from the source, which will result in a decrease in the production capacity of several stations.

The company added in its statement that the decrease will put the electrical network in a critical state in the face of the increasing demand for electricity from consumers, pointing out that this matter is beyond the company’s control and that it is not responsible if there is not enough fuel available to operate the generating units at the stations.

National Oil Corporation: Gas supplies to all power stations proceeding as usual, and what is happening at the Zawiya refinery is beyond our control

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The National Oil Corporation confirmed in a statement on Saturday that its supplies of natural gas to all power stations are proceeding as usual, indicating that the security malfunction occurring in the vicinity of the Zawiya refinery is beyond the control of the corporation.

The National Oil Corporation explained in its statement that it has reduced the amount of gas exported to achieve self-sufficiency for the local market, which resulted in a lack of power load shedding during the peak of winter for the first time in years.

The corporation also added that the western Tripoli power station is being supplied with fuel through trucks due to the limited quantities of diesel transported through the pipeline connecting the Zawiya and Tripoli warehouses, from which the station is supplied through one of its branches. It also suggested the creation of a maritime gas pipeline from the Melita complex.

The National Oil Corporation noted that the electricity company did not inform the corporation of any shortages in supplies, confirming that such cases require an emergency plan and alternative solutions, which is the responsibility of the electricity company to find suitable.

In its statement, NOC denies the allegations published in an article on “Africa Intelligence” about the Public Prosecutor opening an investigation into payments made by the corporation to certain external parties

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The National Oil Corporation has issued a statement today, Thursday, denying the false claims made by the Africa Intelligence website in an article titled “Tripoli prosecutor probes NOC payments to oil trader BGN International”, published on February 21, 2023.

The NOC clarified that the website’s claim that the Attorney General in Tripoli has opened an investigation into payments made by the NOC to certain external parties is false.

The NOC affirmed that it operates in accordance with Libyan legislation, provisions, and laws, and always seeks to professionally implement its contracts while considering the importance of preserving the interests of the Libyan state and people.

The NOC added that it operates with neutrality and independence throughout Libya and noted that it is taking legal action against parties that spread fake news in an attempt to tarnish the image of the corporation and its board of directors and to involve it in any political conflict.

Central Bank issues instructions to commercial banks regarding regulations for external transfers for importing gold commodity

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The Central Bank of Libya has issued instructions regarding regulations for external transfers for importing gold commodity to the banks, including Nuran Bank, First Gulf Libyan Bank, and Sahara Bank, granting them the authority to accept direct external transfer requests for importing gold and the legally permitted requirements, provided a valid bank code “CBLKEY”.

The Central Bank’s instructions specify that the import of gold is restricted to manufactured gold, covering the value of its import operations through direct transfers from the Libyan bank’s account with its correspondents, the Arab Banking Corporation “ABC,” the Arab-European Union of Banks “UBAE,” the Arab Turkish Bank “ATBANK,” and the Arab Investment and Foreign Trade Bank “ARBIFT” to the exporter’s account with the same correspondent.

The Central Bank emphasized, in its instructions to the mentioned banks, that the bank must study the submitted request and subject it to review and verification by the competent administration. Also, not to request the purchase of foreign currency to cover the direct transfer unless obtaining preliminary approval through the coverage system at the Central Bank of Libya.

Among the Central Bank’s regulations and instructions to the banks, the maximum value of direct transfer for importing manufactured gold must not exceed $2 million. The preliminary invoice must include all data related to the description, weight, quantity, and price.

The invoice’s value must be entirely covered by the available balance in the account when requesting approval for the external transfer, with the company depositing an additional amount equal to 7% of the total value of the invoice with the bank to ensure the company’s commitment to providing all required documents to settle the shipment.

Banks must exercise due diligence in matching the invoice data with the inspection certificate and export declaration from the exporting country, with legal responsibility falling on the violators.

Dbeibeh issues instructions to Brega Petroleum Marketing Company to ensure the supply of all fuel stations

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On Thursday, the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, issued instructions to Brega Petroleum Marketing Company to ensure the supply of all fuel stations without resorting to or coordinating with distribution companies. This came during a meeting attended by the Ministry of Interior’s Undersecretary, Bashir Al-Amin, the head of the Fuel Distribution Monitoring Committee, a member of the Board of Directors of the National Oil Corporation, Ahmed Ammar, the Director of Brega Company, Ibrahim Abubrida, the Head of the Commercial Registry, Mohamed Ben Kthir, and a number of department directors at Brega Petroleum Marketing Company.

Dbeiebeh emphasized that the fuel supply to the stations would not stop due to legal disputes in distribution companies, considering this a matter of national security.

For his part, the head of the Distribution Monitoring Committee presented a report on the conditions of the stations and their supply with fuel from Brega Company, and the problems that occurred due to the closure of a number of stations because of legal disputes and their impact on the distribution mechanism and the committee’s procedures.

The meeting concluded by agreeing on a number of administrative and legal procedures that include the smooth distribution of fuel and the establishment of controls for all distribution companies and stations in all regions.

Al-Kabeer discusses with the representative of the USAID in Libya the implementation steps of the agreement signed between the two parties

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The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, discussed during a meeting with the representative of the American Agency for International Development in Libya (USAID), John Cardenas, the stages and implementation steps of the agreement signed between the two parties, in the presence of his assistants, the Director of the Banking and Monetary Control Administration, and the Governor’s Advisor for International Relations.

The meeting discussed the role of civil society organizations, the central bank’s dealings, and the regulations and procedures governing its work. Al-Kabeer praised the training program being implemented by USAID and PRAGMA to enhance the ability and efficiency of the central bank’s employees.

For his part, John Cardenas praised the support provided by the American agency for sovereign institutions, the efforts to unify the central bank, and the organization of training programs and capacity building for the central bank’s employees. He emphasized the American side’s desire to provide assistance and technical advice to the Central Bank of Libya.