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Libyan Electricity Crisis Nears End

By Adam Nathan. Libya’s electricity shortage crisis should be over within two months, a senior government official has pledged. Deputy Prime Minister Ahmad Maiteeg, who is coordinating government and private sector action on the problem, told Libya Business News: “We hope in eight weeks the situation will get much better. But the problem is we […]

Weekly Security Report by Janus Global Operations 19 July 2016

This reporting week has seen the UN – backed Government of National Accord (GNA) move into its official operational office space in the capital.   Vice president Musa Kuni underlined the intention of the GNA to assume its work from the headquarters of the government, describing the handover of the building as a ‘’genuine start’’ […]

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Govt: “Quick Win” Projects for Foreign Investors

By Adam Nathan. Libya’s Deputy Prime Minister has called for foreign companies to come back to Libya and work on key infrastructure and “quick win” projects with the new government in Tripoli. In an interview with Libya Business News, Deputy Prime Minister Ahmed Maiteeg (pictured), a businessman politician from Misrata and key figure in the Government […]

PM-Designate fires GECOL Top Management

By John Lee. The head of Libya’s Presidency Council has reportedly fired the entire board of the state-owned General Electric Company of Libya (GECOL). According to the Libya Herald, Faiez Serraj, who is also Prime Minister-designate, said the GECOL management had failed to solve the problems of power cuts and electricity distribution. He appointed Abdul […]

SocGen seeks to push back Trial Date

By John Lee. French investment bank Societe Generale (SocGen) has asked the High Court in London to push back the date of a trial in a dispute with Libya’s $67 billion sovereign wealth fund over a series of trades entered into between 2007 and 2009, according to Reuters. A lawyer acting for SocGen cited the […]

Libya’s World Heritage Sites put on Danger List

UNESCO’s World Heritage Committee has placed the five World Heritage sites of Libya on the List of World Heritage in Danger because of damage caused by the conflict affecting the country and the threat of further damage it poses. The five sites are: Archaeological Site of Cyrene (pictured); Archaeological Site of Leptis Magna; Archaeological Site […]

AGOCO Halts Production at Sarir Oil Field

By John Lee. Libya’s Arabian Gulf Oil Company (AGOCO) has halted production at the Sarir field after a protest by oil-facility guards shut the eastern port of Hariga. A spokesman for the company told Bloomberg that production at the 100,000-barrel-a-day field was stopped after oil exports were halted. A unit of the Petroleum Facilities Guard […]

PM describes Tunis Meeting as “Very Positive”

By John Lee. The Head of the Presidential Council of the Government of National Accord (GNA) has said that the Council meeting with members of the political dialogue in Tunis has been positive and fruitful, and was marked by transparency and goodwill and a real desire to resolve all the issues affecting execution of political […]