Tag: Libya
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Local protesters partially shut down Libya’s Sharara oil field, field engineers say
Local protesters have partially shut down Libya’s Sharara oil field, according to two field engineers. The Sharara field, one of Libya’s largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters. The field is located in Murzuq basin in…
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Libya’s $70 bln Wealth Fund Sees Thaw in UN Asset Freeze by Year-end
The Libyan Investment Authority is expecting UN sign-off by the end of the year to actively manage its $70 billion in assets for the first time in more than a decade, its chief executive told Reuters. The LIA, set up under Muammar Gaddafi in 2006 to manage the country’s oil wealth, has been under a…
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Ninety-five Libyan nationals have been arrested on suspicion of receiving training at an “illegal” military camp in South Africa, police have said.
Officers raided the farm near White River – a small town in the northern province of Mpumalanga – on Friday. They said they found military tents, licenced firearms and other military equipment. The camp was initially registered as a training site for a security company but it appears to have been converted, a second police…
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Russia and Libya sign expanded agreement to boost economic cooperation
The new agreement, signed by the vice president of the Russian Chamber of Commerce and Industry, Vladimir Badalko, and the president of the General Federation of Libyan Chambers of Commerce, Muhammad Al-Raid, was finalized in Moscow. It aims to promote cooperation between businesses and investors in both countries. The agreement outlines several key initiatives, including:…
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Nigeria’s Dangote refinery in talks with Libya to secure oil
Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
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Italian PM Meloni comments on migration and energy crisis at forum in Tripoli
Italian Prime Minister Giorgia Meloni made remarks on migration and the energy crisis as she took part in the Trans-Mediterranean Migration Forum in Tripoli, Libya on Wednesday. Meloni stressed the importance of fighting against human trafficking. “There are people making lots of money using the desperation of the fragile persons. And we cannot allow it,…
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UN probing reported mass grave on Libya-Tunisia border
The U.N. human rights chief said on Tuesday that his office was following up on reports of a mass grave in the desert along the Libya-Tunisia border, after the bodies of at least 65 migrants were found at another site earlier this year. In a speech, Volker Turk denounced widespread violations against migrants and refugees…
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Who will benefit from booming demand for uranium?
A scramble for uranium has developed after the Ukraine conflict and short-sighted Western sanctions on Russia exposed Europeโs dependency on Russian oil and gas, The Economist has argued. About 10% of the world’s electricity is generated from uranium in nuclear reactors. But the problem is that Kazakhstan, that boasts a close mutually-beneficial relationship with Russia,…
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On June 18, Italian authorities seized three containers of Chinese Wing Loong UAVs in the port of Gioia Tauro in southern Italy
๐ฎ๐นโ๏ธ๐จ๐ณ๐ฑ๐พ On June 18, Italian authorities seized three containers of Chinese Wing Loong UAVs in the port of Gioia Tauro in southern Italy. ๐น The drones were falsely declared as “wind turbine parts.” ๐น Destination: Benghazi, Libya, presumably for delivery to General Khalifa Haftar. ๐น US authorities tipped off Italian authorities about this shipment.
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Gunmen Attack Tunisian Military Patrol Near Libya Border, Soldier Killed
Unidentified attackers opened fire on a Tunisian military patrol near the Libyan border on Wednesday, killing a soldier, the Tunisian Ministry of Defense said. The Tunisian Ministry said in a statement published on its official website that a military patrol operating in the Remada, near the border with Libya, was carrying out its regular duties…
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