TUNIS, Nov. 20 (Xinhua) -- Libyan oil companies on Monday expressed the hope to cooperate with their Chinese counterparts to increase production and further develop the industry. Noting "China has great achievements in the oil and gas sector" Abdulhadi Abugnima, workover superintendent at the Libyan National Oil Corporation (NOC), said his company is eager to work with major oil companies to increase Libyan oil and gas production and to also bring down operational costs by using new technologies. Ghaith Bashir al-Firjani, head of the Well Drilling and Maintenance Department of Libya's Al-Waha Oil Company, said: "We seek to make sure that Chinese companies play a role in the Libyan oil sector, as this would create good competition in the sector." However, the sector has suffered over the past years from armed conflict and oil field and port closures. In November last year, Libya's Minister of Gas and Oil Mohamed Aoun announced that Libya is seeking to increase oil production to 2.1 million barrels per day and natural gas production to about 4 million cubic feet per day over the next five years.

An analysis of data by the Conference Board shows that Argentina, together with "failed states" Libya and Syria, is the country which posted the most years of negative GDP growth since 1951. Still, the country has been battling economic woes in the current age with on-and-off-again recessions. While Argentina might be more developed than others on the list, it has been caught up in a cycle of overspending, inflation, debt-making, unsustainable cuts to government programs and bad fiscal policy. Nevertheless, Ukraine and Moldova appear in ranks 7 and 8 out of 133 countries and territories, showcasing the severe impact the fall of Communism has had. Between 1990 and 1999 Ukraine experienced ten consecutive recession years, while Moldova posted nine.

Libya’s medium-term economic outlook remains positive despite the devastating floods that hit the country in September, mainly on the back of projected high oil prices, the International Monetary Fund has said. There is an urgent need for a clear economic vision for the country, the IMF said. "In the short term, Libya requires a budget to support policy credibility, because untargeted fiscal spending complicates the implementation of the macroeconomic policy," the fund said. "The immediate benefit stemming from the August announcement is improved co-ordination in the areas of monetary policy, banking system liquidity and supervision. "Progress in addressing Libya’s short and medium-term challenges – including by modernising fiscal and monetary policy frameworks – will, to a large extent, depend on the pace of political reconciliation," the IMF said.

More than seven months into Sudan’s devastating war that has killed thousands and displaced millions, experts warn that the scarred and impoverished country faces the threat of breaking apart. Experts now warn the country could face a “Libya scenario”, in reference to the north African country long divided between two rival administrations in its east and west. “The rising tide of militarisation along ethnic and regional lines deepens social fissures in Sudan,” Youssef told AFP. Meanwhile, the army-aligned government has been all but exiled to the eastern city of Port Sudan. Across Darfur, home to about a quarter of Sudan’s 48 million people, over 1.5 million have been internally displaced since the war began.

Eni and Libya’s National Oil Corporation (NOC) have hit the market with a revised tender covering modification work on the Sabratha platform, as part of their huge Structures A&E oil, condensate, natural gas and carbon dioxide sequestration project. Structures A&E involves two huge new platforms feeding liquids, gas and CO 2 to markets and storage facilities via existing infrastructure, including Sabratha.

THE FACTSWhen is Libya vs Cameroon taking place? Libya vs Cameroon will take place on Tuesday 21st November, 2023 at 16:00 (UK)Where can I get tickets for Libya vs Cameroon? Ticket information for Libya vs Cameroon can be found on official national team websitesWhat TV channel is Libya vs Cameroon on in the UK? Libya vs Cameroon will not be televised live in the UKWhere can I stream Libya vs Cameroon in the UK? Cameroon should come out on top in this one but Libya are expected to frustrate their opposition.

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Libya exported quantities of dates to Morocco with the mutual opening of branches of companies from both countries as part of the successful outcomes of the Moroccan Libyan Business Forum held from 1 to 3 November at Tangiers, Morocco. The news was confirmed in an exclusive statement to Libya Herald by Yassin Busriwail, the General Manager of Outbox Team Company, organiser of the Moroccan Libyan Business Forum, and a member of the Libyan Business Council (LBC). SR GROUP, the agent of the German company Deutsche Colour Building Technologies, Libya branch, meanwhile, announced the opening of a new branch in Morocco. Partnerships were also concluded between Libyan investors and Moroccan companies to establish joint industries in the two countries, led by the textile, clothing and manufacturing industries. Branches for Libyan and Moroccan companies in both countries and granting the necessary facilities, were also agreed, Busriwail said.

The Attorney General’s Office announced Saturday that the Public Prosecutor has ordered the detention, pending trial, of the Manager of the Al-Refee (Rural) Bank, Tripoli branch. The manager is accused of illegal banking operations conducted on bank accounts. This involved the bank manager opening a bank account in a different bank for the purpose of entering an amount of LD 15 million into a bank transfer ring. In this process, the accused facilitated the seizure of an amount equivalent to 1.3 million euros, using forged bank papers. The Attorney General’s Office said the case was initiated as a result of revelations made during the Audit Bureau’s examination of the administrative and financial work assigned to the Al-Refee (Rural) Bank, Tripoli branch manager.

An investigation by Greek newspaper Kathimerini says that mistakes and oversights in the planning and execution of a fatal mission undertaken by the Special War Command (DEP) of the Greek Armed Forces in Libya on September 17, in the aftermath of deadly floods. The search-and-rescue mission resulted in the deaths of three Greek military personnel and two volunteer interpreters in a road accident. Furthermore, officials disregarded explicit warnings regarding the high accident risk in the region. The bus carrying the Greek team, mostly elite forces from the Special Paratroopers Unit, crashed on its way to the city of Derna, affirming the prophetic warning: “Road journeys within Libya remain extremely dangerous. Sources indicate that on November 10, a decision was made for the military prosecutor of Athens to conduct additional investigations into the case.

Darfur offensiveHome turfNo winnerPORT SUDAN: More than seven months into Sudan 's devastating war that has killed thousands and displaced millions, experts warn that the scarred and impoverished country faces the threat of breaking apart.The paramilitary Rapid Support Forces (RSF) is waging war against the armed forces and there have been reports of new massacres in Sudan's western Darfur region.Experts now warn the country could face a " Libya scenario ", in reference to the north African country long divided between two rival administrations in its east and west. "Continued fighting could lead to a few terrifying scenarios, including division," said Khaled Omar Youssef, spokesman for the Forces of Freedom and Change, the main civilian bloc ousted from power in a 2021 joint coup by Sudan's warring generals. "The RSF's expansion does give it an open line between the capital and Darfur, but that's a very long line," he told AFP, speaking on condition of anonymity out of fear for his safety.The vast western region is nearly the size of France, "and a lot of it is open areas the army can attack by air", he explained.But with the RSF now controlling most of Darfur, key oil infrastructure, parts of central Sudan and much of the capital itself, he said an army victory is also unlikely. "Even if they succeed in taking control of Khartoum, which is very difficult, sending forces to regain areas of Darfur from RSF control would be a massive logistical challenge. "To get from Khartoum to El Geneina, on Sudan's western border, the army would have to fight across over 1,400 kilometres (870 miles) about the distance between Berlin and Kyiv.

Port Sudan (Sudan) (AFP) – More than seven months into Sudan's devastating war that has killed thousands and displaced millions, experts warn that the scarred and impoverished country faces the threat of breaking apart. Experts now warn the country could face a "Libya scenario", in reference to the north African country long divided between two rival administrations in its east and west. "The rising tide of militarisation along ethnic and regional lines deepens social fissures in Sudan," Youssef told AFP. Meanwhile, the army-aligned government has been all but exiled to the eastern city of Port Sudan. Across Darfur, home to about a quarter of Sudan's 48 million people, over 1.5 million have been internally displaced since the war began.

The European Union Mission in Libya reported that its Ambassador to Libya, Nicola Orlando, and members of the European Union delegation participated in the opening ceremony of the 2nd Annual exhibition of NGOs / Civil Society Organizations held in Tripoli. The Mission said European Union will continue to support non-governmental organizations in their recovery efforts following the flood disaster that struck northeastern Libya last September. The annual NGOs exhibition is organized as part of the activities of the Let’s Cooperate Project, co-financed by the European Union. Let’s Cooperate aims to enable citizens to participate in local development. Second NGOs Annual Expo 2023 will be held in Tripoli on 18 November (libyaherald.com)

Some members of the Libyan House of Representatives (HoR) have denounced in a statement today the military movements in the Western Region. Four HoR members said they “followed with great concern the military movements of the Government of National Unity (GNU) in the Western Region, which could explode the situation and threaten social peace and the unity of the Libyan territory.”In this regard, the members rejected the military approach and the use of weapons to address crises and challenges in the Western Region. They held GNU, led by Abdul Hamid Dbeibeh, fully responsible for all resulting losses of lives and properties, and tearing apart the social fabric. HoR members called on all political parties, civil organizations, and regulatory bodies to assume their responsibilities in this regard. They called on “the people, cities, villages and tribes, to adhere to the approach of national reconciliation and not be drawn into calls for strife and fighting.”HoR memers who issued the statement are:– Hana Khalifa Abu Deeb– Naima Ramadan Delf– Rahma Abu Bakr Adam– Fatima Ahmed Karis

UN envoy to Libya Abdoulaye Bathily said he met today in Al-Quba with the Speaker of the House of Representatives (HoR), Aqila Saleh. They exchanged views on the political situation in light of the official issuance of electoral laws, according to Bathily.