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Airstrikes Continue Against IS Positions

At the request of, and in coordination with, the Libyan Government of National Accord, U.S. Africa Command conducted precision air strikes against Daesh targets in Sirte, Libya. As a result, the following targets were struck by U.S. forces: Sept. 23: Enemy fighting positions One enemy fighting position One enemy fighting position One Daesh resupply point […]

Ras Lanuf Ships First Oil since 2014

By John Lee. Bloomberg reports that oil has been shipped from Ras Lanuf port for the first time since 2014. A spokesperson for Harouge Oil Operations (HOO) told the news agency that the tanker 'Seadelta' left Libya's third-largest oil port with 781,000 barrels of crude. The tanker previously had to interrupt the loading and move […]

Can Libya find Unity through Oil?

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. For years, Western policymakers have sought to sweep the post-Moammar Gadhafi mess under the rug. Although they are not primarily responsible for the country’s post-Arab Spring implosion — as the recent […]

LIA Recovers $126m from Cornhill, Lehman

The Libyan Investment Authority (LIA) has said said that, after a three year battle, it has successfully recovered $53.8 million that had been managed by Cornhill Capital. In a statement, the LIA said a fundamental factor was Cornhill Capital’s reliance on international sanctions imposed against some of the assets of the LIA. Cornhill was able […]

Weekly Security Report by Janus Global Operations 20 September 2016

Amidst the continued counter offensives in the oil crescent region, between the House of Representatives (HoR) forces with the Libyan National Army (LNA) and pro-government of National Accord (GNA) Forces with the Petroleum Facilities Guards (PFG), the head of the GNA Presidency Council (PC) Fayez Sirraj flew out to Cairo to hold urgent meetings with […]

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3 Foreign Workers Kidnapped in Ghat

By John Lee. Two Italians and a Canadian are reported to have been kidnapped in southwestern Libya on Monday. The men, who were abducted on the road linking Tahala and Ghat, were working for the Italian construction company CON.I.COS (Contratti lnternazionali Costruzioni S.p.A). The company is currently working on a project to re-pave Ghat Airport […]

Video: Libya Forces Resume anti-IS Assault in Sirte

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Libyan pro-government forces press an offensive against Islamic State group holdouts in Sirte, pounding the jihadists with heavy artillery after a two-week pause in fighting:

UN Appeals for Aid for Sirte

The United Nations and its humanitarian partners in Libya, today, called on the international community and donors to urgently provide US$ 10.7 million to meet the lifesaving action and emergency assistance to 79,400 people located within the Sirte municipality. The situation in Sirt has recently entered a new stage, where military operations against the terrorist […]