Council Members

News & Comment

The following news headlines are selected breaking news stories about Libya and the Libyan business arena, which are collected daily from a variety of sources.

If you click on "Read More" for a headline marked "External Article" you will be taken to the source of that story. For all other articles, which can be read on the LBBC website, we welcome your comments and opinions.

Libya PM hopes for deal with rivals [Gulf News]

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2nd Jul 15:  Libya’s internationally recognised prime minister said he hoped to reach a power-sharing peace agreement on Thursday with his rivals during UN-backed talks to end a conflict that threatens to break up the country.

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Joint Statement on Libya [FCO]

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1st Jul 15:

Governments of France, Germany, Italy, Spain, the United Kingdom, and the United States, express deep concern about ongoing violence within Libya, and expansion of terrorism in Libya.

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Libya talks 'very positive,' reports UN envoy [UN News Centre]

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30th Jun 15: The United Nations Secretary-General's Special Representative for Libya, Bernardino León, announced today that there is a political agreement amongst the parties on the majority of the elements of the draft proposal they are considering, and he hoped to have them initial it later this week.

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Libyan Airlines resumes flights to Labraq and Tobruk [Libya Herald]

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26th Jun 15:

Libyan Airlines has announced that it has resumed flights from Mitiga to Labraq and Tobruk. 

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Libya's elected parliament backs U.N. peace plan, with amendments [Reuters]

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25th Jun 15: Libya's elected parliament has voted to stay in United Nations peace talks after calling for amendments to a proposed power-sharing deal aimed at ending the conflict between the country's two rival governments.

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Tripoli forces hit Islamic State in Libya with air strikes [Today]

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22nd Jun 15: he self-declared government in control of the Libyan capital Tripoli has launched air strikes on Islamic State fighters in the city of Sirte, officials and witnesses said on Monday.

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Glenn Maud v The Libyan Investment Authority

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22nd Jun 15:  The decision of Glenn Maud v The Libyan Investment Authority on 8 June 2015 is of interest to those involved with sanctions.

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Libya's Tripoli govt welcomes latest UN peace draft [Business Standard]

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17th Jun 15:

The alliance controlling Libya's capital Tripoli said today it welcomed a draft UN agreement aimed at lifting the country out of months of chaos by forming a national unity government. 

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Libya May Double Oil Output Amid Longest Glut in 18 Years [Bloomberg]

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17th Jun 15: Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades.

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Libya says 'uncatchable' veteran militant killed in U.S. strike [Reuters]

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15th Jun 15:

A veteran Islamist militant blamed for a deadly attack on an Algerian gas field and who ran smuggling routes across North Africa has been killed in a U.S. air strike inside Libya, Libya's government said on Sunday.

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Libyan factions reach pact to protect Goldman Sachs lawsuit [The Telegraph]

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12th Jun 15:

Two sides in power struggle for control of Libyan Investment Authority agree to appoint lawyers to take cases against Goldman and Societe Generale foward. 

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Libya parliament rejects UN-proposed power-sharing deal [Al Jazeera]

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9th Jun 15:

Participation in UN-brokered talks suspended after claims that draft proposal would give rival government more power.

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U.N. hands Libya's warring factions unity government proposal [Reuters]

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9th Jun 15: United Nations negotiators on Monday handed Libya's warring factions a draft proposal for forming a unity government in an attempt to end a conflict that threatens to push the North African country into becoming a failed state.

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Libyan political dialogue round set for Monday in Morocco – UN mission [UN News Centre]

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5th Jun 15: The United Nations Support Mission in Libya (UNSMIL) announced today that the next round of Libyan political dialogue sessions in Skhirat, Morocco, will commence on Monday, 08 June.

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Libya: UN envoy meets political actors and activists on reaching final agreement to end crisis [UN News]

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4th Jun 15: The only option Libya has, “the only real alternative for the future,” is an agreement, Special Representative and head of the United Nations Support Mission in the country (UNSMIL), Bernardino León said at a meeting in Algeria with Libyan political leaders and activists today.

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Libya steps out of financial wilderness with plan to manage assets [The Telegraph]

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1st Jun 15: Nation's $67bn sovereign wealth fund plans to reinvest certain dormant assets.

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Libya divided as IS suicide bomber claims another attack near Misrata [Channel 4]

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31st May 15: The bomber attacked in the early hours. He drove his truck, a Hyundai Santa Fe, straight at the main checkpoint outside Misrata, Libya‘s third city. At least five guards were killed as he exploded – another 10 were injured.

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4,243 migrants rescued off Libya in one day [Scotsman]

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31st May 15: MORE than 4,000 migrants have been rescued off Libya’s coast in 22 separate operations in one day, with rescuers finding 17 people dead aboard a rubber dinghy, Italian coastguards said yesterday.

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Islamic State militants in Libya 'seize Sirte airport' [BBC]

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29th May 15: Islamic State militants in Libya say they have seized the airport in the city of Sirte, as the group continues to make advances in the country.

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Libyan Prime Minister survives assassination attempt [CNN]

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27th May 15: Libya's Prime Minister Abdullah al-Thinni survived an assassination attempt on Tuesday in the eastern city of Tobruk, according to the country's official news agency.

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INTERVIEW-Libya's Lisco keeps the steel mill rolling despite war [Reuters]

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20th May 15:

May 20 Libyan steelmaker Lisco is struggling to keep its mill rolling in a war zone, no easy feat when the power cuts off every night, shippers are reluctant to dock and foreign contractors are long gone.

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Libya state oil firm opens books to buyers to soothe payment fears [Reuters]

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18th May 15: Libya's National Oil Corp (NOC) has opened its books to international oil firms and is meeting regularly with the International Monetary Fund and the World Bank to keep them on board with the current payment system for Libya's oil exports.

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Eastern Libyan state oil firm AGOCO produces 270,000 bpd - spokesman [Reuters]

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17th May 15:

BENGHAZI, Libya May 17 (Reuters) - Libyan state oil company AGOCO, which is active in the east of the OPEC member country, is producing about 270,000 barrels a day of crude, unchanged from a week ago, a company spokesman said on Sunday.

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HMS Bulwark rescues over 400 migrants [FCO UK]

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14th May 15: HMS Bulwark is conducting its largest tasking to date as part of the coordinated response to the migrant crisis in the Mediterranean.

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UK reaffirms strong commitment to Libya and its people [FCO UK]

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12th May 15: The Governments of France, Germany, Italy, Spain, the United Kingdom and the United States of America reaffirm their strong commitment to the sovereignty, independence, territorial integrity and national unity of Libya, and to ensuring that Libyan economic, financial, and energy resources are used for the benefit of all Libyan people.

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EU draws up plans for military attacks on Libya targets to stop migrant boats [Guardian]

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11th May 15: The European Union has drawn up plans for military attacks in Libya to try to curb the influx of migrants across the Mediterranean by targeting the trafficking networks. 

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Why all eyes should be on Libya right now [Al Arabiya]

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5th May 15: The situation in Libya seems to be entering yet another new chapter. There appears to be movement by the international community, and specifically the United Nations, to actually recognize the legitimacy of the Tobruk House of Representatives (HoR) boosted by personnel changes and shifting alliances amongst the extremists in Tripoli. 

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