Tag Archives | Sirte

US discusses Possible Demilitarization of Sirte

By Jared Szuba for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Libya Business News. US engaging with Libya players for possible demilitarization of Sirte United States officials have discussed with foreign governments the possibility of establishing a demilitarized area in and around the Libyan city […]

US says there's No 'Winning Side' in Libya

By Al-Monitor staff. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. The Trump administration is amplifying its calls for a cease-fire in Libya as the Tripoli-based Government of National Accord (GNA), backed by Turkey, threatens to advance on the coastal city of Sirte. Click here […]

US Chargé d'Affaires visits Misrata

On Monday, US Chargé d'Affaires Joshua Harris visited Misrata, Libya to consult with Libyan leaders about forestalling military escalation in Sirte and al-Jufra; reopening Libya's energy sector; and intensifying Libyan efforts to demobilize, disarm, and reintegrate violent militias. In meetings with Deputy Prime Minister Ahmed Maiteeg and Minister of Interior Fathi Bashagha, Chargé Harris reiterated […]

NOC: Deterioration of Security Situation in Gulf of Sirte

Libya's National Oil Corporation (NOC) is deeply concerned at the serious deterioration in the security situation in areas surrounding oil facilities in the Gulf of Sirte. Violent Clashes took place over the past 48 hours in the Brega region, only hundreds of meters away from oil tanks, between armed groups called Al-Saiqa and the Petroleum […]

Study to Develop Sirte Basin Concession 47

By John Lee. National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met on Wednesday, January 29, 2020 with the Japanese consortium in charge of studying the development of concession 47 in the Sirte Basin (Beda and Haram Fields) in accordance with the Memorandum of Understanding signed in 2009. The consortium presented a detailed presentation of […]

LNA Seizes Control of Sirte

By John Lee. The Libyan National Army (LNA) has reportedly taken control of Sirte. According to Reuters, this would be an important gain for eastern-based commander Khalifa Haftar, who since April has been attempting to take over Tripoli. Sirte lies in the centre of Libya’s Mediterranean coast, and has been controlled by the internationally-recognised Government […]

Total to Invest $650m in Waha Field

By John Lee. Tbe National Oil Corporation (NOC) has announced its approval of Total’s acquisition of Marathon Oil Libya Limited (MOLL)'s stake in the Waha concessions, which represents 16.33 percent of the concessions. According to NOC, Total has committed to invest 650 million USD to the development of the Waha concessions and to ramp up […]