News – Page 74 – libyawire.org

Economy

Former official criticizes debate over payment methods and stresses priority of the Libyan citizen.

Tripoli – The escalating debate over payment methods, specifically cash versus checks, has been criticized, with emphasis placed on the fact that the core issue is not the payment...

Economy

Head of Oil Foundation Praises Workers’ Efforts Achieving Average Daily Production of 1.375 Million Barrels of Oil and 2.5 Billion Cubic Feet of Gas.

Tripoli, January 2, 2026 – The Chairman of the Board of Directors of the National Oil Corporation confirmed the Corporation’s commitment to neutrality, professionalism, and transparency, praising the efforts...

Economy

Trump: American oil companies will go to Venezuela to repair dilapidated infrastructure and start making money.

US President Donald Trump announced on Saturday that he will allow American oil companies to go to Venezuela to exploit its vast crude oil reserves following the US military...

Economy

Energy companies are taking legal action against the U.S. government’s decision.

The Danish energy company Ørsted has initiated legal action against the US government’s decision to suspend its massive ‘Revolution Wind’ offshore wind project off the coast of Rhode Island....

Economy

New US sanctions imposed on 4 oil companies in Venezuela

The United States has imposed sanctions on four companies operating in the Venezuelan oil sector, as well as oil tankers belonging to them, as part of the Trump administration’s...

Economy

Continued rise: Prices of the dollar, euro, pound, and gold at the close of the parallel market on January 3, 2026.

Tripoli | Follow-up – Trading on Libya’s parallel market concluded on Saturday, January 3, 2026 with relatively high levels for foreign currencies and gold, and a relative rise for...

Economy

Financial expert: Libya faces greater exchange rate deficit and salary delays in this situation.

Tripoli – A financial expert reviewed potential scenarios for the repercussions of recent events in Venezuela on global oil markets, warning of serious consequences for oil-exporting countries, particularly Libya,...

Economy

The Central Bank of Libya intends to abolish the tax on the dollar by this date.

Tripoli – An economic affairs observer revealed that the Libyan Central Bank is moving to abolish the tax imposed on the US dollar at the beginning of 2026, confirming...

Economy

New change: Foreign currency exchange rates rise against the dinar in the parallel market (Saturday, January 3, 2026)

Here is a report on the latest exchange rates for the US dollar and foreign currencies against the Libyan dinar in today’s Saturday, January 3, 2026, transactions, according to...

Economy

Akakus oil production surpasses target.

The National Oil Corporation (NOC) announced that Akakus Oil Operations has surpassed its daily crude oil production target of 320,000 barrels. Actual output has reached approximately 796,325 barrels per...