Archive | Politics

Libya: Rich in Oil, Leaking Fuel

Tim Eaton has written an article for the Royal Institute for International Affairs (Chatham House), entitled “Libya – Rich in Oil, Leaking Fuel“. In it, he says that the oil-rich country is supposed to provide cheap, subsidized fuel to its citizens. But amid continuing violence and instability, up to one-third goes missing from official supply […]

US, Libya agree Further Cooperation

At a ceremony in Tunis on October 10, the United States Government, through the U.S. Agency for International Development (USAID), and the Government of Libya, through the Ministry of Planning, signed a Memorandum of Intent (MOI) for enhancing their partnership. The MOI is based on the shared values of strengthening the foundations of a unified […]

An Update on US Involvement in Libya

Ambassador Richard Norland’s First 60 Days – An Update on U.S. Involvement in International Efforts Aimed at Peace in Libya In recent months, the United States has redoubled efforts to end the fighting and support UN initiatives led by UN SRSG Ghassan Salamé to achieve a negotiated political solution to the crisis in Libya. In […]

How Libya’s Economic Structures Enrich the Militias

By Jason Pack for the Middle East Institute. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Largely overlooked in international policymaking toward Libya’s current conflict is the role of corruption as a key driver of violence, as opposed to merely its byproduct. The high-level […]

Joint Statement on National Oil Corporation (NOC)

Joint statement by the Ambassadors and Chargés d’Affaires of France, Germany, Italy, Turkey, the United Arab Emirates, the United Kingdom and the United States of America: “We fully support Libya’s National Oil Corporation (NOC) as the country’s sole independent, legitimate and nonpartisan oil company. “Now is the time to consolidate national economic institutions rather than […]

Germany aims to host Libya Conference

By John Lee. Germany aims to host a conference about Libya this year in conjunction with the United Nations to try to stabilise the oil producing country, where rival factions have been fighting over the capital, Germany’s ambassador to Libya said on Wednesday, Reuters reports. The plans, which are still in the early stages according […]

Strained Relations between Egypt and Libya’s GNA

By George Mikhail for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. What’s behind strained relations between Egypt and Libya’s GNA? Libyan Foreign Minister Fathi Bashagha with the internationally recognized Government of National Accord (GNA) rejected on Aug. 23 in an interview with […]