Libya’s General National Maritime Transport Company (GNMTC) announced last month the purchase of two newly minted oil tankers for the modernization of the country’s oil sector. Both tankers carry the same high-end qualities of 14.5 knots in speed, the ability to carry 1.14 million tons of crude oil with a length…

A BBC documentary has revealed that the Libyan leader Muammar Gaddafi ruled with an iron fist for 42 years and treated Libya’s wealth as his own. He died the richest man on the planet with a fortune of $150 billion.  Two journalists pick up the trail of a mysterious $12.5 billion in cash, flo…

The General Electricity Company of Libya (GECOL) announced on Tuesday the theft of high-pressure wires in western Libya. According to the company’s statement, 1000 meters of copper wires in western Libya were stolen, causing the loss of supply to about three ground stations, a ready station, and ten antenna po…

On Wednesday, the Central Bank of Libya (CBL) issued a statement blaming the Presidential Council (PC) for delaying the approval of the proposed financial arrangements of 2021, adding that it will expedite the payment salaries of January and February of this year today.