Libya May Declare Force Majeure On Oil Exports From Several Ports
Libya’s National Oil Corporation (NOC) could declare force majeure on oil exports from several key export terminals in the Gulf of Sirte amid continued blockades and closures of oil-producing and export infrastructure, the corporation said on Monday as Libya’s political crisis continues. NOC is currently considering declaring force majeure within the next 72 hours unless production and shipment of oil resume in the Gulf of Sirte, Libya’s state-owned oil company said in a statement. The Gulf of Sirte hosts the oil export terminals Zueitina, Brega, Ras Lanuf, and Es Sider. The possible force majeure would come after weeks of protests and closures amid the new rift in Libya’s political class over who should be governing the country. Amid the political instability, Libyan oil production is also unstable, and shutdowns of exports could occur at any time, further tightening the global oil market, which is already tight on supply.
Source:Libya Today
June 27, 2022 16:30 UTC
‘W Solar’ to invest in Libya renewable energy
W Solar Investment and GECOL officials during the MoU signing ceremony. “W Solar” Investment, an investment company in the renewables energy industry and a subsidiary of Alpha Dhabi Holding, today signed a Memorandum of Understanding with the General Electricity Company of Libya (GECOL) to develop a strategic long-term partnership in the renewable energy sector in Libya.Under this MoU, “W Solar” will invest in the green energy sector in Libya by building solar photovoltaic power generation plants and selling the net delivered energy from the plants to the Libyan government.The MoU is considered a significant business collaboration step between the public and private sectors in the green energy area.Weam Elabdelie, Chairman of the Board of Directors, General Electricity Company of Libya, said, “There’s no doubt that the MoU with W Solar is important to the economic reform for the renewable energy sector in Libya. The Libyan government has been showing a serious intention to develop renewable energy. As we get on with unleashing investments in the renewable energy sector, having a partner like W Solar will definitely help accelerate the national green energy agenda.”“This is a landmark agreement for W Solar as we look to grow our operations in Africa and establish long-term relationships with key partners. With this MoU, W Solar is entering a new growth phase, and we are committed to bringing this cooperation to the next level,” Zafar Muhammad, CEO W Solar, commented.WAM
Source:Libya Today
June 27, 2022 16:22 UTC
Saudi Arabia beat Libya to reach quarterfinals of Arab Futsal Cup in Dammam
WWE RAW to mark 20th anniversary of John Cena’s debutRIYADH: Twenty years on from John Cena’s arrival on SmackDown, the legendary wrestler makes an appearance on RAW tonight, the highlight of the WWE’s month-long celebration of his career. A joint-record 16-time world champion, Cena has won the WWE Championship 13 times which is also a record. The main event of WrestleMania 22 in 2006 saw John Cena beat “The Game” Triple H clean in the middle of the ring to retain his title. One year later WrestleMania 23 featured the now dominant WWE champion rise against D-Generation X counterpart and one of the greatest wrestlers of all time — “Mr. Edge memorably cashed in his Money in the Bank briefcase on a wounded Cena at New Year’s Revolution 2006 for his first WWE Championship win.
Source:Libya Today
June 27, 2022 14:59 UTC
Libya NOC Could Declare Force Majeure in Gulf of Sirte Area
Libya's National Oil Corporation (NOC) said on Monday it was considering declaring force majeure in the Gulf of Sirte area within 72 hours unless production and shipping resume at the oil terminals there. Mustafa Sanallah, chairman of the state oil firm, added in the statement that the situation was "quite dangerous". (Reporting by Yasmin Hussein and Alaa Sweilam/Editing by Gareth Jones)
Source:Libya Today
June 27, 2022 14:47 UTC
Four men jailed after committing violent thefts on elderly people
Four men have been jailed over a series of snatch and run robberies on elderly people in Pietà that left some of the victims injured. The magistrate imposed a three-year treatment order on three of the accused who have a drug problem. Mupimhidzi, Harrison and Susanto were charged with the violent attack on the 68-year-old, while Mupimhidzi was separately charged with causing the victim grievous injuries. The man was surrounded and when he tried to escape the accused grabbed his bag and dropped him to the ground. Other victims included an elderly man who was mugged in the vicinity of the Msida church and a man who was hit by a stone while on the bus stop at Portes des Bombes.
Source:Libya Today
June 27, 2022 14:37 UTC
NOC Chair: We are considering declaration of force majeure at oil ports within 72 hours
Chairman of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, said they are considering the declaration of the state of force majeure within the next 72 hours unless production and shipping is resumed at the oil ports in the Gulf of Sirte. “We call on all parties to be wise, give priority to the interest of the country, allow oil to flow and not to be dragged behind calls for escalation, and we urge adherence to Libya’s sovereignty,” Sanalla stated. He added: “We are facing a recurring reality, there are closures in the Gulf of Sirte region, and there are those who are trying to demonize the oil sector in the capital Tripoli, but we will not stand idly by and we will address them in accordance with legal frameworks.”Sanalla said: “The government is responsible for the sovereignty of its institutions. No tolerance should be accepted with any individual, minister or anyone who politicizes the oil sector or uses it as a tool for any negotiations, bargaining or settlements. There must be absolute compliance with the law and international legitimacy and we do not accept compliance in one respect, while turning a blind eye to another.”In a related context, Sanalla said: “I am not a politician, but I can show you the right direction.
Source:Libya Today
June 27, 2022 13:44 UTC
UAE’s Alpha Dhabi to invest in Libya’s green energy sector via subsidiary W Solar Investment – Middle East Confidential
W Solar Investment, a subsidiary of UAE’s Alpha Dhabi, signed Monday a memorandum of understanding with the General Electricity Company of Libya (GECOL) to develop a long-term partnership in Libya’s renewable energy sector, Zawya reports. W Solar will own and operate the project for 25 years from the start of production. The deal is important to the “economic reform” of Libya’s renewable energy sector. “The Libyan government has been showing a serious intention to develop renewable energy,” said Weam Elabdelie, Chairman of Board of Directors at GECOL. Libya seeks to generate 22 percent of electricity from renewable energy by 2030.
Source:Libya Today
June 27, 2022 13:13 UTC
Big XR News from the Metaverse Standards Forum, NVIDIA, KPMG, and KIT-AR
The following are our top picks in extended reality (XR) from the previous week. Metaverse Standards Forum to Unite XR LeadersA consortium of 35 entities from global tech enterprises announced last week they would join forces to develop standards for an open-source Metaverse future. Groups joining the Forum will build the ecosystem of open-source Web3 tools with prototyping, tooling, hackathons, and other activities from July, leading to further collaborative efforts over the coming months. NVIDIA to Debut Digital Twin TechTech giant NVIDIA revealed last week it had launched an XR designing tool from its AI research wing. The company’s solutions leverage artificial intelligence (AI) to overlay AR-powered visuals on the real world, allowing frontline workers to track and reduce quality control issues for production lines.
Source:Libya Today
June 27, 2022 12:16 UTC
Frustration And Hope: The African Migrants In Limbo In Rwanda
Gashora, Rwanda, (UrduPoint / Pakistan Point News - 27th Jun, 2022 ) :Ismail Hmdan Banaga says he's had a "frustrating and fruitless" time waiting in vain in Rwanda for his Canadian asylum request to be approved. Their fate has come under the spotlight since Britain hatched a controversal deal with Rwanda in April to deport unwanted asylum seekers to the East African country. "He said he stayed in Libya for three years before arriving in Rwanda where he said he was initially greeted with kindness. "It has been a year now in Rwanda and am not sure if I will get asylum or not. If it turns out that they abandoned me, then returning to Libya is more merciful than staying here in Rwanda under this humiliation."
Source:Libya Today
June 27, 2022 11:46 UTC
Walmart Rolls Out AR Shopping App
US retail behemoth Walmart announced on Thursday it had updated its customer shopping app with two novel augmented reality (AR) solutions aimed at improving shopper experiences. The new app upgrades will roll out in early July on its iOS app, providing customers with AR-powered visuals to view items such as furniture and home decorations in their physical spaces using personal smartphones. Today, we announced two new AR shopping experiences on the Walmart app: ‘View in your space’ and AR in-store. The app’s other features include haptic feedback to allow customers to experience enhanced manoeuvrability while using the app and add realism. The Bentonville, Arkansas-based firm explained it had tested the app extensively for “seamless and user-friendly” experiences with customers, which received “overwhelmingly” positive feedback.
Source:Libya Today
June 27, 2022 10:02 UTC
Alpha Dhabi “W Solar” to invest in Libya renewable energy
Under this MoU, W Solar will invest in the green energy sector in Libya, by building solar photovoltaic power generation plants and selling the net delivered energy from the plants to the Libyan government. As we get on with unleashing investments in the renewable energy sector, having a partner like W Solar will definitely help accelerate the national green energy agenda." From his end, Zafar Muhammad, CEO W Solar, said, "This is a landmark agreement for W Solar as we look to grow our operations in Africa and establish long-term relationships with key partners. About W Solar InvestmentW Solar Investment Is an Abu Dhabi-based joint venture of Alpha Dhabi Holding PJSC (“ADH”) and Abu Dhabi Developmental Holding Company (“ADQ”), which own 75% and 25%, respectively. W Solar invests, develops, owns, operates, and transfers renewable energy power plants through its subsidiaries.
Source:Libya Today
June 27, 2022 06:45 UTC
LIBYA : Libya Holdings faces major Turkish competition over operation Misrata port
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Source:Libya Today
June 27, 2022 05:34 UTC
UK calls on Libyan authorities to hold accountable those responsible about Bougaighis murder
British Embassy in Libya called Saturday on Libyan authorities to hold accountable those responsible about political activist Salwa Bougaighis’ murder 8 years ago in Benghazi. “Today marks 8 years since the murder of Libyan political activist Salwa Bougaighis – a brave defender of human rights. The UK pays tribute to Salwa’s efforts and calls on Libyan authorities to hold accountable those responsible,” British Embassy tweeted.
Source:Libya Today
June 26, 2022 16:56 UTC
In Gaddafi's hometown, little hope for Libya's future
This month, as the latest political stalemate festered, one of Libya's two rival governments set up its headquarters in Sirte, a central coastal city near where the frontline solidified after the last major conflict paused in 2020. It was damaged first in 2011 and then in the 2016 fighting to evict Islamic State, when it came under the Tripoli government. At the 600 Block, Omar's neighbour Abdulkarim al-Shahomi, 57, had little hope that the latest political manoeuvring would improve his life. The subsidised supermarket where Shahomi used to buy food closed after the revolution along with others like it across Libya. It still stands, empty, near the roundabout where Islamic State once staged public executions.
Source:Libya Today
June 26, 2022 15:19 UTC
Al-Qatrani appoints new director for Benghazi's service company by force, incumbent manager says act was illegal
A group of vandals have broken into the General Services Company of Benghazi and tampered with its furniture and documents, the director of the service company, Tariq Al-Badri, has said. According to Badri, the group acted upon the instructions of Ali Al-Qatrani, deputy PM in the parallel government backed by the east-based Parliament. In a press statement, the service company's head said the group busted the building with the support of the Benghazi Joint Security Chamber. Al-Qatrani assigned a person loyal to him to head Benghazi's service company, Badri says, considering it an interference and a clear violation of the law. The law says the appointment of a new director of the General Services Company must be issued by the Minister of Local Government, Badri insists.
Source:Libya Observer
June 26, 2022 13:51 UTC