Libya’s National Oil Corp (NOC) said on Wednesday that crude production had resumed at several oilfields, after lifting force majeure on oil exports last week. Production has also resumed from the Nafoura, Tibesti, al-Ghani and al-Bayda oilfields belonging to Harouge Oil Operations and Arabian Gulf Oil Company (AGOCO). “Production at the two companies will be increased gradually after restarting the other fields,” NOC said. A tanker entered Ras Lanuf port to ship 600 000 barrels of crude, it said, while another has arrived at the Zueitina oil terminal and will be loaded with one million barrels on Thursday. Earlier on Wednesday, a tanker docked in Es Sider oil terminal to ship one million barrels of crude to Italy, according to NOC.

(Bloomberg) — Oil fell as investors assessed signs of subdued US gasoline demand and the return of supplies from Libya. The drop came after a US report showed that gasoline inventories rose more than expected last week, while sluggish demand for the fuel pushed gasoline premiums against crude oil. Production in Libya is now above 700,000 barrels per day, after restrictions on the country’s exports were lifted in recent days. Traders also followed events in Europe as Russia’s largest gas pipeline to the continent restarted after a 10-day maintenance period. Most read from Bloomberg Businessweek©2022 Bloomberg LP

Oil prices fell on Thursday for the second consecutive session, as demand concerns overshadowed limited global supplies after US government data showed tepid gasoline consumption during the peak summer driving season. Brent crude futures fell 33 cents, or 0.3 percent, to $106.59 a barrel, after falling 0.4 percent in the previous session. US West Texas Intermediate crude futures fell 48 cents, or 0.5 percent, to $99.40 a barrel, after falling 1.9 percent on Wednesday. Government data showed that gasoline stocks in the United States rose 3.5 million barrels last week. The data showed that the supply of gasoline – a proxy for demand – was about 8.5 million barrels per day, or about 7.6 percent.

The National Oil Corporation in Libya announced today the resumption of crude oil exports in a number of oil fields and ports, after they were closed for three months. "The Maltese-flagged tanker Matala is docked in Sidra oil port and is set to ship crude oil to Italy," said the corporation on Facebook. Production has resumed at the Waha Oil Company fields, at a rate of 70,000 barrels per day, and the Nafoura, Tibesti and Al-Ghani fields of the Harouge Oil Operations Company, as well as the Nafoura and Al-Bayda fields of the Arabian Gulf Oil Company, it added. The announcement that exports were to resume was made on Monday, after the lifting of force majeure on oil ports and fields. The oil sector in Libya has witnessed a wave of closures of oil fields and ports by tribal groups in the south, centre, south west and east of the country since 17 April.

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Incumbent caretaker Libyan Prime Minister Abd Alhamid Aldabaiba has continued his populist drive in an effort to buy his political future and remain in office with a spree of state handouts. At today’s tenth ordinary cabinet meeting of 2022, Aldabaiba announced:The start of payment of the Ministry of Interior, University, and higher education salaries at the new increased rates. Revealing his state handouts at today’s tenth ordinary cabinet meeting, Aldabaiba announced the continuation or the launch of ten state handouts. He made no announcements on how to reduce the footprint of the state sector in the Libyan economy and free the private sector to compete and create new revenues. Aldabaiba has shown no serious effort into dismantling the Qaddafi era rentier welfare system, but on the contrary, he has used the state system to its fullest to try to solidify his political position.

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The Public Prosecution Office announced the arrest of a member of a gang that had kidnapped five foreigners for a ransom . The Brigade 676 succeeded in arresting one of the kidnappers in Al-Shwerf municipality after tracking the suspects, the Public Prosecution Office explained. The Brigade was able to identify the remaining kidnappers and the place of detention of the victims, determining the methods of torture used to force them to pay the ransom.

Waha Oil Company, a subsidiary of the National Oil Corporation (NOC), announced today the arrival and loading of the Maltese flagged Matala oil tanker from the oil port of Sidra. Waha said the shipment comes after it began to gradually restore its production, and that this is the first shipment to be exported since production stopped last April. This restart of Libya’s oil production and export comes after the appointment of a new NOC board of directors headed by Farhat Bengdara, replacing the former board headed by Mustafa Sanalla. Yesterday, Mellitah Oil and Gas had announced that it had started pumping 40,000 bpd of oil from its El-Feel oil field to its Mellitah coastal processing complex. (libyaherald.com)NOC welcomes Aldabaiba’s reversal of Oil Minister’s decision to suspend chairman Sanalla (libyaherald.com)

Malta’s ambassador to Libya, Charles Saliba, confirmed today that the Maltese embassy will start accepting visa applications in the city of Benghazi starting next Sunday, 24 July. It will be recalled that in April this year, ambassador Saliba had also confirmed to Libya Herald that the Consulate of Malta had started accepting Schengen tourism visa applications through VFS Global in Tripoli as of the 27th of March. Italy started granting visas in JuneIt will also be recalled that the Italian Consulate General in Benghazi has started granting tourist visas to Libyan citizens wishing to enter Italy in June this year. The Italian Consulate in Benghazi had opened on 5 July 2021 headed by Carlo Batori. Maltese consulate in Tripoli started issuing Schengen tourism visas – visa fees clarified (libyaherald.com)Italian consulate commences visa issuance from Benghazi (libyaherald.com)

The High Council of State (HCS) said its members discussed on Wednesday, in a session chaired by Khalid Al-Mishri, the outcomes of constitutional track that was held with the House of Representatives (HoR) under the auspices of the United Nations, saying voting will be next Monday on the draft constitutional document. Local media reported that the HCS had rejected a proposal submitted by the Presidential Council to hold parliamentary elections before the presidential ones, provided that candidates who hold the citizenships of other countries renounce them before running for presidential elections. HCS member Abdulkader Al-Hawaili said it was very strange that the HCS had rejected the Presidential Council's proposal, which he said was a compromise solution to the issue of the candidacy of dual nationals and would prevent them from assuming the position of head of a state before submitting an official acknowledgment of renunciation of foreign citizenship. He said that he would seek to re-discuss the proposal at the HCS session next Monday.

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The Italian military hospital continues to stir up questions over the justification for its presence since the facility achieved its declared objective years ago. However, the Italian facility is still present in Misurata despite the fact that it is officially listed as a concluded operation. Over the years, Italian commanders who run the facility avoided to disclose its current exact role after it had accomplished its declared mission. Instead, Italian military leaders gave obscure statements to journalists about the nature of hospital’s work. “Today our mission has evolved,” Figliuolo told Italian soldiers in Misurata.

The European Union’s Naval Operation IRINI has stopped a ship from transporting vehicles, intended to for military use, to Libya in breach of the UN arms embargo, announced Operation IRINI on Wednesday. Operation IRINI said it carried out an inspection of MV VICTORY RORO; a ship flying the flag of Equatorial Guinea, which has long been suspected by the European mission of transferring military equipment to Libya. “Prior to the inspection, the cargo ship had been located by a French Navy plane, assigned to Operation IRINI, after crossing out the Suez Canal and entering the Mediterranean Sea,” Operation IRINI said in a statement. “The Hellenic Navy frigate HS THEMISTOKLES monitored the ship during her route before the frigate of the Italian Navy ITS GRECALE took over to conduct the inspection. Operation IRINI said this is 24th time that this vessel by mission since its launch in March 2020.

Oil City, PA (16301)TodaySun and clouds mixed. A stray shower or thunderstorm is possible. Winds SSW at 10 to 15 mph..TonightThunderstorms. Potential for severe thunderstorms. Winds SSW at 10 to 15 mph.