Libya’s total revenues and spending ending 30 November result in small dinar surplus but large FX deficit: CBL
Dec 8 Sami Zaptia

Libya’s total revenues and spending ending 30 November result in small dinar surplus but large FX deficit: CBL

In its latest released statistical bulletin covering the period 01/01/2024 to 30/11/2024, the Central Bank of Libya (CBL) revealed that total state re...

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Audit Bureau 2023 Annual Report: 2023 state subsidies amounted to LD 68.5 billion
Dec 1 Sami Zaptia

Audit Bureau 2023 Annual Report: 2023 state subsidies amounted to LD 68.5 billion

According to a leaked copy of the (Tripoli based) Libyan Audit Bureau’s 2023 Annual Report, widely publicised by several Libyan news sites, total gove...

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378,000 installed prepaid electricity metres saved 210 MW of consumption – 2 million metres to be installed
Nov 7 Sami Zaptia

378,000 installed prepaid electricity metres saved 210 MW of consumption – 2 million metres to be installed

Several Libyan media sites reported that the Media Department of the General Electricity Company of Libya (GECOL) said GECOL had installed 378,000 pre...

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CBL discusses Libyan business opportunities for French companies in Paris meeting
Mar 10 Sami Zaptia

CBL discusses Libyan business opportunities for French companies in Paris meeting

The Governor of the Central Bank of Libya (CBL), Saddek El-Kaber, discussed Libyan business opportunities for French companies in Paris last week.The...

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Six GECOL employees imprisoned for ten years and fined LD 1.46 million for theft of company materials
Feb 13 Sami Zaptia

Six GECOL employees imprisoned for ten years and fined LD 1.46 million for theft of company materials

The Attorney General announced yesterday that the Criminal Court has issued a ruling convicting six employees of the General Electricity Company of Li...

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CBL meeting on Tripoli government spending controls for 2024 – report and analysis
Jan 26 Sami Zaptia

CBL meeting on Tripoli government spending controls for 2024 – report and analysis

A meeting was held yesterday, in the office of the Governor of the Central Bank of Libya (CBL), to follow up on government spending for the year 2024....

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Nov 28 Sami Zaptia

NOC chairman Bengdara says his organisation is not a security force to combat fuel smuggling

Speaking to Libyan media on Sunday, the Chairman of the National Oil Corporation (NOC), Farhat Bengdara said his entity does not have a police or secu...

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Interior Ministry security forces reclaim 4,000 hectares of state-owned farmland illegally occupied by citizens
Nov 16 Sami Zaptia

Interior Ministry security forces reclaim 4,000 hectares of state-owned farmland illegally occupied by citizens

On instructions from the Attorney General’s Office, 4,000 hectares of state-owned forest and pastureland in Garabulli were reclaimed by state security...

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Brega claims it can assess demand, manage smooth fuel distribution and reduce its smuggling
Nov 7 Sami Zaptia

Brega claims it can assess demand, manage smooth fuel distribution and reduce its smuggling

On Sunday, during an expanded meeting between Tripoli based Libyan prime minister, Abd Alhamid Aldabaiba, with the Chairman of the National Oil Corpor...

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Libya’s annual fuel bill rose to US$ 12 bn due to increased electricity production
Nov 6 Sami Zaptia

Libya’s annual fuel bill rose to US$ 12 bn due to increased electricity production

The increase in Libya’s electricity production over the last year has led to the country’s total fuel bill skyrocketing to US$ 12 billion per annum.Th...

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