Air Malta announces flights to Benghazi

Air Malta will restart a twice weekly service every Tuesday and Thursday as from Tuesday, 29 May, to Libya’s second largest city, Benghazi. The flights will supplement the daily service to Tripoli, the country’s capital. The decision to operate to Benghazi was taken following a positive report received from Air Malta’s technical team that audited […]

Libya’s Agoco cuts oil output further due to protests

Libya’s Arabian Gulf Oil Company (Agoco) has cut oil production by another 10,000 barrels per day (bpd) due to protests that have closed off its headquarters for nearly two weeks, a spokesman said on Saturday. Protesters have prevented employees from entering Agoco’s office since April 23, calling for more transparency over how Libya’s new rulers […]

The Eighth Wonder of the World

Libya is a desert country, and finding fresh water has always been a problem. Few may know that Libya sits over the Nubian Sandstone Aquifer, a freshwater deep underground in the desert. The amount of water is estimated by scientists to be the equivalent to 200 years of water flowing down the Nile. Most of this water […]

IEA says supply of oil loosened last quarter

The oil market showed “slight loosening” last quarter though it’s too early to be sure that supply conditions have improved, according to the International Energy Agency while the Organization of the Petroleum Exporting Countries is “not happy” with high prices.  The IEA, an adviser to 28 industrialized nations that has at times coordinated the release […]

Weekly Security Review

Projections Reports of a recent vote of no confidence in the government of Abdurrahim al-Keib are likely to increase political uncertainty in the run up to elections. The reports may prove to be premature, although the evident cracks between the government and NTC are causing increased concern over political stability in the run up to […]

Libya allows religion-based parties

Libya has dropped a ban against parties based on religion, tribe or ethnicity, an official said, after the law irked Islamist parties in the run up to the first free election in June. Members of the ruling National Transitional Council’s judicial committee on Wednesday read out an amended version of a law governing the formation […]

Libya’s Agoco to Cut Oil Production If Protest Mediation Fails

Libya’s Arabian Gulf Oil Co. will press ahead with plan to halt crude oil production by the end of today unless a week-long protest blocking the entrance to its headquarters is cleared, a company official said. “Today is the deadline, it is May 3,” Abdul Jalil Mayuf, the state-run company’s information department manager said in […]