Italy Looks To Secure More Oil And Gas From Libya
Italy’s Prime Minister Giorgia Meloni is expected to travel to Libya on Saturday to discuss more oil and natural gas supply from the North African country, Italian media report. Libya’s state energy firm, for its part, said it expected to sign even more deals with foreign companies after the $8B gas deal signed with Eni. During Meloni’s visit to Tripoli, Italian energy major Eni and Libya’s National Oil Corporation (NOC) are expected to sign an agreement on investment from Eni in Libya’s gas supply, according to various reports. It is expected that Eni’s CEO Claudio Descalzi will travel to Libya to sign the agreement, an Italian source told Reuters. Story continuesEni is a major player in many African countries and has signed several agreements to boost gas supply from Africa to Europe since the Russian invasion of Ukraine and the slump in Russia’s gas deliveries via pipeline.
Source:Libya Today
January 27, 2023 18:34 UTC
Accenture Ventures Invests in Forma Vision for RT3D Assets
IT consultancy firm Accenture has strategically invested in Forma Vision via its Accenture Ventures division, the company announced on Thursday. Forma Vision produces live-streamed volumetric video tools and real-time 3D holographic assets. Engineers from Forma Vision and @MatsukoCompany are testing DevEdge #5G APIs on a fully functioning 5G standalone network. Adam Kirk, Founder and Chief Executive of Forma Vision, added,“Volumetric collaboration is the future of hybrid work. Project Spotlight and Accenture VenturesThe news comes after Forma Vision signed up for Accenture Venture’s Project Spotlight, which invests in firms with disruptive technological innovations.
Source:Libya Today
January 27, 2023 16:28 UTC
Blinken to visit Egypt, Israel, West Bank from 29-31 January
CAIRO – 27 January 2023: US Secretary of State Antony Blinken will make a visit to Egypt, Israel, and the West Bank from 29-31 January, where he will discuss global and regional issues, the US Embassy in Cairo said on Thursday. Blinken’s visit to Egypt will be on 29-30 January, where he will meet with President Abdel Fattah El-Sisi and other senior officials, including Foreign Minister Sameh Shoukry. His visit to Egypt seeks to advance Egypt-US relations and promote regional peace and security, including by jointly supporting elections in Libya and the ongoing Sudanese political process, the embassy noted. Blinken will also discuss political reforms and further enhancing the US relations with the Palestinian people and leadership during his meetings with Palestine’s leaders. Blinken will also discuss the need for upholding the historic status quo of Al-Aqsa Mosque in Jerusalem, “in words and in actions,” the embassy affirmed.
Source:Libya Today
January 27, 2023 09:33 UTC
Libyan Iron and Steel (LISCO) exports to 38 countries – 136,000 tons to be exported in coming months
The Misrata-based state Libyan Iron and Steel Company (LISCO) reported Thursday that exports continue at a pace to various countries of the world, and that it expects to export 136,000 tons of products in the next few months. A total of 64,000 tons of Hot Briquetted Iron (HBI)It reported that from its port today 10,000 tons of hot briquetted iron (HBI) began to be exported, and that export operations will continue until they reach a total of 64,000 tons. 72,000 tons of reinforcing steelAccording to the General Manager of Marketing, Walid Bleblo, an agreement has been reached between the company’s External Marketing Department and a number of foreign companies to export 72,000 tons of reinforcing steel to various countries of the world. He reported that the first shipment of this agreement, consisting of 12,000 tons, is expected to be exported at the end of January, with the remaining quantities to be exported successively the first week of February. Leadership, quality and priceHe added that the company’s products, thanks to its leadership, their quality and competitive price, have reached 38 countries.
Source:Libya Today
January 27, 2023 03:16 UTC
Libyan oil minister says efforts underway to increase oil production to 2 billion b/d
Libya is working on increasing its oil production to 2 billion barrels per day both for domestic production and exports outside the country, Mohamed Aoun, the oil minister of Libya’s government of national unity, told Sputnik. “We are increasing the production up to 2 billion barrels of crude oil (per day),” Aoun said. The minister added that the oil refining capacity in Libya remained relatively small. The official added that extending gas production would take from three to five years, according to the plan. It is possible that there will be enough surplus for domestic consumption, and the rest can be exported,” Aoun told Sputnik.
Source:Libya Today
January 26, 2023 19:55 UTC
EU to help Libya better design and analyse policies and measure the impact of strategies
The EU, through its Musanda (Support) project with Libya, is to help Libya to better design and analyse policies and assess the impact of strategies. The news came today after the meeting between the head of Libya’s National Economic and Social Development Board (NESDB), Mahmoud Al-Futaisi and Layla Habash, Director of the EU’s Musanada Project. The two parties discussed the scope of setting up a mechanism for providing technical support in the field of designing and analysing policies and measuring the impact of strategies, in order to raise Libya’s capabilities in this field. These include the EU, the United Nations Mission and international organizations of the United Nations, the African Union and the League of Arab States. The Media Office added that the NESDB has agreed to sign several memoranda of understanding and cooperation with a number of international organizations in a number of fields to benefit from their technical support and to provide them with expertise and knowhow.
Source:Libya Today
January 26, 2023 19:40 UTC
Libya aims to consolidate and leverage its ICT services for export
Libya aims to consolidate and leverage its information and communications technology (ICT) services for export, Emad Al-Karash, the Head of the Preparatory Committee of the Libya Exhibition for Exporting Communications and Information Technology Services (ECITS) told Libya Herald today. Besides the participation of local ICT companies, 12 Tunisian companies, in addition to the Abu-Ghazaleh International Group from Jordan will take part. Libya: a regional centre for exporting ICT services? He hoped companies would form local partnerships to export their services abroad, as well as building partnerships with foreign entities. Libya Exhibition for Exporting Communications and Information Technology Services (ECITS) 2023: 20 to 22 February at Tripoli Sports City (libyaherald.com)Libya Export Promotion Centre to hold export of ICT services promotion event next June (libyaherald.com)
Source:Libya Today
January 26, 2023 19:00 UTC
8 migrants died after boat capsized off Libya
A crammed boat carrying Europe-bound migrants capsized off Libya, killing at least eight people, while 58 others were still missing, the Libyan Red Crescent said Wednesday. The vessel was carrying at least 150 migrants, 84 of whom survived and were taken to state-run detention centers for migrants, said Tawfik al-Shukri, spokesman for the Libyan Red Crescent – which handles search and rescue operations. The shipwreck occurred Tuesday off the Libyan town of Garabulli, some 60 kilometers (37 miles) east of the capital of Tripoli. Eyewitnesses to the disaster said the migrants had hoped to reach Italy, according to the Red Crescent. Bodies washed ashore near the town of Castelverde, Reuters reported.
Source:Libya Today
January 26, 2023 18:07 UTC
House amends Strategic Production Response Act in GOP effort to limit oil reserve withdrawal
A final vote on the Strategic Petroleum Response Act (H.R. Smart analysis delivered to your inbox: Sign up for the OnPolitics newsletterWhere are the US strategic oil reserves? What is the strategic petroleum reserve? "The Strategic Petroleum Reserve is there in case of emergencies, and shouldn't be used as a political prop," Rep. John Joyce, R-Pa., who co-sponsored the bill, tweeted. Do withdrawals from the oil reserve affect gas prices?
Source:Libya Today
January 26, 2023 17:46 UTC
Libya Working On Increasing Oil Production To 2Bln Barrels Per Day
Libya is working on increasing its oil production to 2 billion barrels per day both for domestic production and exports outside the country, Mohamed Aoun, the oil minister of Libya's government of national unity, told SputnikTRIPOLI (UrduPoint News / Sputnik - 26th January, 2023) Libya is working on increasing its oil production to 2 billion barrels per day both for domestic production and exports outside the country, Mohamed Aoun, the oil minister of Libya's government of national unity, told Sputnik. "We are increasing the production up to 2 billion barrels of crude oil (per day)," Aoun said. The official added that extending gas production would take from three to five years, according to the plan. It is possible that there will be enough surplus for domestic consumption, and the rest can be exported," Aoun told Sputnik. In October 2022, the Libyan National Oil Corporation (NOC) signed agreements with Italian oil giant Eni and the United Kingdom's BP on offshore gas exploration.
Source:Libya Today
January 26, 2023 16:20 UTC
Libya to sign new gas deals with Italy’s Eni
Libya’s National Oil Corporation (NOC) will sign offshore gas exploration and production deals with Italy’s Eni on Saturday, NOC head Farhat Bengdara told a television channel. The deal would require $8 billion to produce up to 850 million cubic feet a day of gas from the Mediterranean, Bengdara said, amid efforts by Libya to take advantage of demand for North African gas in Europe because of the war in Ukraine. Bengdara was speaking to local al-Masar television in an interview broadcast late on Tuesday and said the deal involved the renewal of an existing agreement originally struck in 2008. Eni Chief Executive Claudio Descalzi could travel to Libya to sign the agreement, an Italian source told Reuters. However, the legality of any deals signed by Bengdara or the Government of National Unity in Tripoli that appointed him could be challenged by the country’s eastern-based parliament.
Source:Libya Today
January 26, 2023 15:33 UTC
Thu. 9:19 a.m.: Flashback — How classified documents became a schoolgirl’s show-and-tell
That someone was 13-year-old Kristin Preble. She took the papers to school as a show-and-tell project for her eighth grade class. “We had looked through them but didn’t think they were important,” Carol Preble, Kristin’s mother, said back then, apparently unimpressed by the classified markings. The discovery fed into a broader investigation by a Democratic-led congressional committee of the official Carter papers obtained by the winning Reagan campaign. Debategate faded, but not the concern over how classified documents are handled by those in power.
Source:Libya Today
January 26, 2023 14:33 UTC
Libya: Italian Prime Minister to visit Tripoli Jan. 28
EventItalian Prime Minister Georgia Meloni will meet with Prime Minister Abdul Hamid Dbeibah, of the Government of National Unity (GNU), in Tripoli Jan. 28. Although details remain unclear, the meetings of the high-level delegation in Tripoli will likely take place at the Prime Minister's office. Increased security is likely in Tripoli, especially near the Prime Minister's office. Prime Minister Fathi Bashagha of the eastern-based Government of National Stability (GNS) has warned against any agreement signed between the GNU and Italy. Demonstrations could occur at the Italian Embassy in Tripoli, the Prime Minister's office, and other government buildings.
Source:Libya Today
January 26, 2023 12:45 UTC
Libya to Sign Offshore Gas Deals with Italy's Eni, NOC's Bengdara Says
Libya's National Oil Corporation (NOC) will sign offshore gas exploration and production deals with Italy's Eni on Saturday, NOC head Farhat Bengdara told a television channel. Eni Chief Executive Claudio Descalzi could travel to Libya to sign the agreement, an Italian source said. However, the legality of any deals signed by Bengdara or the Government of National Unity in Tripoli that appointed him could be challenged by the country's eastern-based parliament. The parliament said last year that the Tripoli government's mandate had expired, and it no longer recognizes any of its actions - including the appointment of Bengdara - as legitimate. (Reuters - Reporting by Ayman al-Warfali, additional reporting by Francesca Landini in Rome, writing by Angus McDowall; Editing by Kirsten Donovan)
Source:Libya Today
January 26, 2023 09:45 UTC
UN Envoy and Algerian President discuss overcoming Libyan political impasse
Abdoulaye Bathily, the UN Envoy to Libya and Abdelmajid Tebboun, the President of Algeria, discussed latest developments in Libya and overcoming Libyan political impasse. “I had the privilege of meeting H.E Mr. Abdelmajid Tebboun, the President of Algeria. He shared his views on the situation in Libya highlighting the need for taking all necessary steps to overcome the political impasse through elections,” UN Envoy Bathily tweeted. “President Tebboun stressed that elections must be inclusive, transparent and secure conditions must be provided to enable its successful conduct,” according to Bathily. Tebboun also expressed “unwavering support to the UN efforts and highlighted that stability in Libya is a regional need for all countries especially those sharing borders,” the UN Envoy added.
Source:Libya Today
January 26, 2023 09:04 UTC