Mishri holds talks with Dutch Ambassador Hogewoning
Khaled Al-Mishri, chairman of Libya’s High Council of State, met with Dutch Ambassador Dolf Hogewoning in Tripoli this morning for talks on national reconciliation and transitional justice. In a statement via Twitter, Hogewoning described his conversation with Al-Mishri as “cordial” and said the two of them agreed on the importance of a solid & inclusive national reconciliation process which goes hand in hand with transitional justice. The Dutch ambassador also commended the High Council of State on “efforts to agree on outstanding issues” with the House of Representatives as soon as possible.
Source:Libya Today
January 29, 2023 13:51 UTC
Economy minister seeks collaboration with private sector on food security
The Minister of Economy Mohamed Al-Hawij held talks on Saturday with a group of Libyan businessmen, which focused exploring collaboration with the private sector on food security. Al-Hawij, who serves in the Tripoli-based Government of National Unity, affirmed that his ministry is working to “overcome the difficulties and obstacles facing the private sector and business owners,” according to a statement by the ministry.
Source:Libya Today
January 29, 2023 11:48 UTC
US stands with Egypt, its people in their pursuit of prosperous future: State Department
The United States and Egypt are partnering to foster further cooperation toward peace in the Middle East. The United States has invested $600 million to digitize Egypt’s telecommunications sector, and Egypt has imported $5.9 billion from the United States to construct, expand, and modernize Egyptian infrastructure. The United States welcomes Egypt’s ongoing leadership through the COP27 presidency to accelerate global ambition and action to tackle the climate crisis. The United States and Egypt support the Global Methane Pledge (GMP) and the new GMP Energy Pathway, which Egypt has joined with respect to the oil and gas sector. The United States firmly believes critical partnerships like the US-Egypt relationship are stronger when there is a shared commitment to human rights, according to the US State Department.
Source:Libya Today
January 29, 2023 10:55 UTC
UN: AU reconciliation team should be on the ground in Libya
Envoy, Abdoulaye Bathily, briefed President of the Congo Denis Sassou Nguesso on his recent consultations with Libyan stakeholders during a meeting in Congo on Friday. According to Bathily, Nguesso pledged his full support to the UN efforts highlighting the risks associated with the continuation of the status quo. “As the Chair of the African Union High Level Panel on Libya, President Nguesso emphasized that the Libyan crisis can only be resolved through an inclusive process with positive regional and international support,” added the U.N. diplomat. “We agreed that the AU reconciliation team should be on the ground in Libya & must include experts from African countries with experience in reconciliation. They should have all resources and support needed to deliver their mandate.
Source:Libya Today
January 29, 2023 09:48 UTC
Libya's NOC, Eni sign agreement to develop two plots with 6 trillion cubic feet of gas reserves
Register NowThe agreement is the first of its kind in Libya since at least 25 years ago, NOC said in a statement. Eni said on its website that the agreement is intended to increase gas production at two offshore fields and develop them, called "Structures A&E," to supply Libya and Europe. The project also includes the construction of a carbon capture and storage plant in Mellitah, Eni said. In 2021, 3.18 Bcm of gas was supplied in Libya, Eni said on its website. Eni said its 2021 production in Libya was 24 million barrels of oil and condensates, 198 Bcf of gas and 62 million boe of hydrocarbons.
Source:Libya Today
January 29, 2023 08:54 UTC
"Liko" In response to the announcement of the confiscation of Libya’s assets in Central Africa
Yesterday, on Saturday, the Libyan African Investment Company (LICO) published a clarification regarding the announcement of the confiscation of assets of the Libyan state in Central Africa and their sale at public auction. The statement accused an employee seconded to the Central African company Leico of abstaining from transferring managerial responsibilities to the company at the end of his posting period, seizing control of the company, engaging in illegal activities and making decisions contrary to the laws and regulations governing the work. , taking advantage of the climate of political and administrative division that affected Libyan state institutions between 2016 and 2018. Al-Qariou added that the announcement of the confiscation of Libyan assets was the result of a convergence of interests between the former seconded director and some influential people in Central Africa, in particular in the Ministry of Justice, accusing local authorities of complicity with him. continuing to recognize and protect him, despite the measures taken by the Libyan State.
Source:Libya Today
January 29, 2023 08:40 UTC
The agreement between Italy and Libya on gas and migrants
Libya ranks fifth among African countries with the largest gas reserves after Nigeria, Algeria, Mozambique and Egypt. Gas supplies between Libya and Italy are guaranteed by a gas pipeline called Green Stream, which connects the city of Mellitah to Gela, in Sicily. Libya has exported less gas because domestic demand has increased: exports have been limited to 15 percent of gas exported in previous years. Basically, Italy will deliver five new patrol boats to the Libyan Coast Guard. For years, the so-called Libyan Coast Guard has been financed and trained by Italy and the European Union to stop the departure of migrants from the Libyan coast, by any means.
Source:Libya Today
January 29, 2023 08:32 UTC
Italy, Libya sign gas agreement
Cairo, January 28Italy’s PM held talks in Libya on Saturday with officials from the country's west-based government focusing on energy and migration, top issues for Italy and the EU. During the visit, the two countries' oil companies signed a gas deal worth USD 8 billion — the largest single investment in Libya's energy sector in more than two decades.
Source:Libya Today
January 29, 2023 08:28 UTC
Partner Communications (NASDAQ:PTNR) Now Covered by Analysts at StockNews.com
Equities research analysts at StockNews.com began coverage on shares of Partner Communications (NASDAQ:PTNR - Get Rating) in a research note issued to investors on Sunday. Partner Communications has a 1-year low of $6.38 and a 1-year high of $9.49. Partner Communications (NASDAQ:PTNR - Get Rating) last released its quarterly earnings results on Wednesday, November 23rd. Partner Communications Company ProfilePartner Communications Company Ltd. provides various telecommunication services in Israel. While Partner Communications currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
Source:Libya Today
January 29, 2023 08:20 UTC
Meloni in Libya: “Italy EU energy hub”. Eni: 8 billion agreement
Meloni in Libya with Antonio Tajani and Matteo Piantedosi: focus on energy and immigration“Italy wants to be a energy hub for the whole of Europe” and Libya, to carry out this project, “is a fundamental partner”. READ ALSO: Energy, Meloni: “Algeria a strategic partner”. Italy remains the first partner and first customer”, said the Prime Minister, Giorgia Meloni, after meeting the Prime Minister of the Government of Libyan National Unity, Abdel Hamid Dbeibah. Resuming direct flights between Italy and Libya is a fundamental condition for linking our countries” and therefore overcoming an impasse. An “historic” agreement was also signed in Libya in terms of energy between Eni and the leading national operator worth 8 billion.
Source:Libya Today
January 29, 2023 08:06 UTC
Eni joint venture advances $8 billion Libya giant gas project
Italian energy giant Eni and partner the National Oil Corporation of Libya (NOC) have agreed to develop the Structures A&E giant gas project with overall estimated investments of $8 billion including a related carbon capture and storage facility, confirming an earlier Upstream exclusive that the final investment decision would be taken in 2023. Structures A&E will be is the first major project in Libya since the early 2000s. It involves development of two gas fields - the A and E structures - located in contractual area D, offshore Libya. Eni is the leading international gas producer in Libya, with a share of 80% of the national production (1.6 billion cubic feet per day in 2022). Its operations are run through the joint company Mellitah Oil and Gas, a 50:50 Eni-NOC joint venture and the average equity production last year was 165,000 barrels of oil equivalent per day.
Source:Libya Today
January 29, 2023 06:48 UTC
Blinken heads to Middle East as violence erupts
WASHINGTON: Secretary of State Antony Blinken was due Sunday in Egypt at the start of a Middle East trip on which he will look to use US influence to notch down Israeli-Palestinian tensions after an eruption of violence. A Palestinian man on Friday killed seven people outside a synagogue in a settler neighbourhood of east Jerusalem, and another attack followed on Saturday. The United States, with its close relationship to Israel, has historically taken a lead on Middle East diplomacy. Blinken is expected on his trip to reiterate US support for a Palestinian state, a prospect that few expect to advance under the new Israeli government. In Egypt, Blinken is also expected to discuss regional issues such as Libya and Sudan, the State Department said.
Source:Libya Today
January 29, 2023 06:47 UTC
Bina visits Gharian University Incubator to assess Start-Up project training needs
The Bina Programme visited the Gharian University Incubator last Wednesday to assess the incubator’s training needs for the forthcoming Start Up project. The visit comes within the framework of the “Libya Start-Up” project agreement signed between French NGO, Supernova, and Bina to support the Gharian University Incubator. Bina said the exploratory field visit aimed to assess the needs of the incubator headquarters and to identify difficulties and challenges they may face and ways of cooperation. The needs include developing and equipping the Gharian University Incubator and training 25 faculty members to become entrepreneurship advisors and mentors. The Libya Start-up project is a project that supports the Libyan entrepreneurial environment through training and guidance, in addition to strengthening the capabilities of entrepreneurs in Libya.
Source:Libya Herald
January 29, 2023 06:09 UTC
Italy’s Eni signs $8b Libya gas deal
and Libya’s National Oil Corporation (NOC) signed an $8 billion gas production deal on Saturday aimed at boosting energy supplies to Europe despite the insecurity and political chaos in the North African country. The deal, signed during a visit to Tripoli by Italy’s Prime Minister Giorgia Meloni, aims to increase gas output for the Libyan domestic market as well as exports, through the development of two offshore gas fields. Output will begin in 2026 and reach a plateau of 750 million cubic feet per day, Eni said in a statement. At a joint news conference with Descalzi, the NOC chief, Farhat Bengdara, said the gas deal had a duration of 25 years and called it the most important new investment in Libya’s energy sector for a quarter of a century. European countries have increasingly sought to replace Russian gas with energy supplies from North Africa and elsewhere over the past year because of the war in Ukraine.
Source:Libya Today
January 29, 2023 04:54 UTC
UAE and Qatar manage shifting policies, fluid alliances in Libya
January 28, 2023The United Arab Emirates (UAE) and Qatar played an active role in the military campaign to overthrow Moammar Gadhafi back in 2011. Following the overthrow of Gadhafi, the Qatari-Emirati rivalry in Libya went through phases of competing aggressive policies inside Libya. Notably, Qatar and the UAE have adopted two very different approaches to the kind of alliances they sought to build in Libya. While Qatar developed alliances with Islamist and hard-line revolutionary currents, the UAE developed alliances with nationalist and non-Islamist leaning currents. Islamists vs. nationalistsBetween 2011-2014, Qatar had the upper hand in Libya with its allies and proxies spread across the country through military and political alliances.
Source:Libya Today
January 29, 2023 03:07 UTC