Oil Revenue Losses approach $2bn

By John Lee. This official notice summarises the situation across Libya for the oil and gas sector. Please beware  of  disinformation  regarding  the  current  fuel situation  published  by non-NOC  sources. Please  treat  this  report as the  only  source of  accurate  and  updated  information. Libya’s National  Oil Corporation (NOC) has said the production, transportation and supply of oil and […]

US Extends Sanctions on Gaddafi’s family

By John Lee. In a letter sent to the US Congress yesterday, President Donald Trump said that he has extended sanctions placed on the family of former Libyan leader Muammar Gaddafi for another year “to protect against the diversion of assets”, citing the on-going conflict in the country as constituting an “extraordinary threat” to US […]

Top EU General: Libya Mission is Key Test

By Jacopo Barigazzi and Andrew Gray, for Politico. The European Union’s top general has warned that not reviving a military mission to implement an arms embargo on Libya would mean the EU has failed a test of its new geopolitical ambitions. In an interview with Politico, Italian General Claudio Graziano (pictured), the head of the […]

Preserving Libya’s Cultural Heritage

Preserving Libya’s Cultural Heritage: LFJL launches Tourathna On the ninth anniversary of the 17 February uprisings in Libya, Lawyers for Justice in Libya (LFJL) announces the launch of its new platform, Tourathna, dedicated to preserving and showcasing Libyan cultural heritage. The right to access and enjoy cultural heritage is a human right guaranteed by international […]

New Mediterranean Operation to Implement Arms Embargo

Libya: EU Ministers agree to launch new Mediterranean Sea operation to implement arms embargo EU Foreign Affairs Ministers reached a political agreement at the Foreign Affairs Council, held on Monday 17 February in Brussels, to launch a new operation in the Mediterranean Sea to implement the arms embargo imposed by the United Nations Security Council. […]

Port Blockage Costs Libya $1bn in Lost Oil Revenues

By John Lee. The National Oil Corporation (NOC) has announced a drop in production as a result of the blockade of ports and pipelines to the current level of 135,745 b/d, as of  Monday February 17, 2020, with losses exceeding 1 billion USD  at  1,616,886,132 USD. The NOC renews its call for all blockades to be lifted to allow the corporation to resume production […]

Weekly Security Report from Whispering Bell

Advertising Feature Whispering Bell produces a 7-10 page report that covers the past week of political, security, and economic events that occurred within Libya, comprehensive data/risk collection, maps for country-wide security events, and includes forward-looking analysis on the political and security situation over the coming weeks. Please click here to download an edited version of […]

Video: Libya Ceasefire Talks Resume in Geneva

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Talks to establish a lasting ceasefire in Libya have resumed in Geneva. It is the latest attempt to forge a political deal between Libya’s internationally-recognised government and renegade military commander Khalifa Haftar. But as […]