Tag Archives | Algeria

NOC Chairman meets Sonatrach Chairman in Algeria

By John Lee. As part of the joint cooperation between National Oil Corporation (NOC) and the Algeria’s Sonatrach, NOC Chairman Eng. Mustafa Sanalla and his accompanying delegation met Mr. Rachid Hachichi, Chairman and CEO of Sonatrach, his two deputies, and a number of the Algerian company’s departmental directors in Algiers on Thursday, October 24, 2019. […]

LISCO planning $1bn Tender

By John Lee. The Libyan Iron and Steel Company (LISCO) is reportedly planning to announce a $1-billion tender next month to build two new plants. Chairman Mohamed al-Faqih also told Reuters that the company has started exporting to Algeria, and aims to increase production this year. For the new plants, al-Faqih said Lisco is targeting […]

Algeria, Libya to Jointly Study Border Fields

By John Lee. Algeria’s state-run oil company Sonatrach signed an agreement with the Libyan National Oil Corporation (NOC) to jointly study the Al Wafa and Al Rar fields, along with US-based DeGolyer & MacNaughton  (D&M). Al-Rar field is on the Algerian side of the border, while Al-Wafa field (pictured) is on the Libyan side. The study […]

Libya may Import Electricity from Algeria

Algeria’s Sonelgaz and the General Electricity Company of Libya (GECOL) have reportedly begun discussions on the export of electricity and other services from Algeria to Libya. Following a meeting last Tuesday, Algerie Patriotique quotes Sonelgaz CEO Mohamed Arkab as saying: “We have a surplus national production of electricity, especially in winter. And at this time, […]

Serraj, Haftar Agree to Ceasefire and Elections

In support of the action of the United Nations and in the framework of the implementation of the Skhirat Agreement, taking into account the initiatives of the international organizations working on Libya including the African Union, the European Union and the League of Arab States, and underlining the efforts made by Libya’s friend countries and […]

Finance Ministers discuss Libya’s Challenges

By Adam Nathan. The Libyan Minister of Finance Dr. Osama Hammad participated Thursday in Malta in launching the meeting of the finance ministers of the Group 5 + 5 for the countries of the Mediterranean Basin on the economy and finance. The second meeting, which takes place two months after the first meeting held on […]

Is ‘Grand Political Bargain’ in Store for Libya?

By Jason Pack for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. In Libya’s ever-shifting sands, where conspiracy and disinformation overlay a reality shaped by fluid political alliances, erratic military maneuvers and a crumbling economy, it can be challenging to paint an accurate […]

Algeria to Build Electric Fence on Libyan Border

Algeria is planning to build a 120-km electric fence on its border with Libya, according to reports from several Libyan and Algerian newspapers. The aim is to improve security on the porous border and stop the infiltration of terrorists. There has been no official confirmation of these reports from Algerian or Libyan government officials. (Source: […]