Weekly Security Report by Janus Global Operations 18 October 2016

The focal point this week was on Friday when a group of former General National Congress (GNC) members backed by local militias stormed buildings used by the UN-backed Government of National Accord (GNA) declaring a coup. The occupation was led by former “Prime Minister” Khalifa Ghwell backed by militia opposed to the GNA as he […]

One Turbine Rehabilitated at Sirte Power Station

By John Lee. Libya Herald reports that the General Electricity Company of Libya (GECOL) has got one of the turbines working at Sirte’s Khaleej (Gulf) power station The 1,400 MW station was freed from IS terrorists in July, and following the rehabilitation of this turbine, it is now adding 150 MW to the western grid. […]

36 Airstrikes Against IS in Sirte in 3 Days

At the request of, and in coordination with, the Libyan Government of National Accord, U.S. Africa Command conducted precision air strikes against Daesh targets in Sirte, Libya. As a result, the following target was struck by U.S. forces: Oct. 14: One enemy fighting position Two enemy fighting positions Two enemy fighting positions Two enemy fighting […]

UN condemns Attempted Coup in Libya

By John Lee. The United Nations has condemned an attempted coup in Tripoli, in which rebels seized buildings of the UN-backed Government of National Accord (GNA) around the Rixos hotel complex. UN envoy Martin Kobler said: “I condemn yesterday’s attempt to seize the headquarters of the High Council of State. Such actions, aimed at creating […]

Video: Pro-Govt Fighters squeeze IS in Sirte

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. At least 14 pro-government fighters were killed on Friday in clashes with the Islamic State group in the jihadists’ former Libya bastion of Sirte, a medical source said:

Career Opportunity in Libya

By John Lee. The United Nations (UN) has advertised new career opportunites in Libya: Out of Country Voting (OCV) Expert, International Foundation for Electoral Systems (IFES) (Source: UN)

Goldman Sachs wins $1.2bn LIA Court Case

By John Lee. A court in London today ruled that the Libyan Investment Authority (LIA) has lost its case against Goldman Sachs. The LIA had alleged that Goldman executives exerted undue influence over its officials regarding a series of transactions through which the fund claims to have lost more than $1 billion. Goldman is reported […]

Oil Output up to 554,000 bpd

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, said on Thursday that oil production has exceded 554,000 bpd, and is on track to hit 900,000 bpd by the end of the year. Sanallah has been in Paris where he had talks with French oil firm Total, and Italy’s ENI. According […]