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 deal on unity government within reach, UN envoy says [The National]

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17th Nov 17:

UN envoy to Libya, Ghassan Salame, expressed optimism about the trajectory of the political negotiations in the six-year-old conflict, seeing a deal on a unity government within reach.

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NOC to open Houston purchasing office to support US$ 20 bn spending programme [Libya Herald]

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16th Nov 17:

Libya’s National Oil Corporation (NOC) Chairman Mustafa Sanalla announced in the US yesterday that his corporation will open an office in Houston, Texas, as part of its ambitious US$20 billion spending programme to restore the country’s production capacity over the next three years.

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In Tripoli, Libyan Civil Society Organizations Receive Training on Conflict Resolution, Transitional Justice and Reconciliation [Reliefweb]

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12th Nov 17:  With the aim of enhancing civil society organizations (CSOs)’ capacities to engage in reconciliation efforts in Libya, the United Nations Support Mission in Libya (UNSMIL) and the United Nations Development Programme (UNDP, organized a two-day training from 07 to 08 November in Tripoli, to equip CSOs with practical tools of conflict resolution, reconciliation and transitional justice.

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Libyan dinar plunges further in value, breaking LD 9 to the dollar mark [Libya Herald]

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6th Nov 17: The Libyan dinar lost further value on the black market today, breaking the LD 9 to the US dollar mark. It has been hovering between LD 8 to 8.99 for most of the last three months.

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British embassy returning to Tripoli [Libya Herald]

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6th Nov 17: The British have said that they are reopening an embassy in Tripoli after quitting Libya along with most other foreign diplomats in the violence that followed the Libya Dawn takeover of the capital in 2014.

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Libya's NOC hopes for output from new Bahr al-Salam gas wells in May 2018 [Reuters]

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27th Oct 17: Libya’s National Oil Corporation (NOC) said on Thursday that it hoped the first of 11 gas wells being developed in its Bahr al-Salam offshore field would start producing by May 2018.

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Libyan oil output nearing ceiling say leading oil analysts [Libya Herald]

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24th Oct 17: However hard it tries, the National Oil Corporation is unlikely push Libyan oil production beyond its year-end target of 1.25 million bpd says a study from leading international oil firm Wood Mackenzie.

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Qaddafi family lawyer says Saif Al-Islam has begun political campaign, vows to sue Qatar [Libya Herald]

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18th Oct 17:

The Qaddafi family lawyer has said that Saif Al-Islam is planning a political comeback and is moving around Libya and in touch with various tribes about the next steps forward.

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Day Two of Joint Drafting Committee “positive and collaborative”: UNSMIL [Libya Herald]

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15th Oct 17: The selection of a smaller Presidency Council (PC) along with a prime minister was the core focus of today’s discussions in Tunis by Libyan politicians.

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Libya's NOC moves to shield oil output from budget, security risks [Reuters]

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12th Oct 17: Libya’s National Oil Corporation (NOC) is mobilizing key stakeholders to protect its output, which it said has been curtailed by it only receiving 25 percent of its 2017 budget.

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Serraj proposes World Bank lead on new reconstruction fund [Libya Herald]

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4th Oct 17: The World Bank, in concert with outside governments and other institutions, should help set up a fund to pay for urgently-needed repairs to infrastructure, Presidency Council (PC) head Faiez Serraj has said.

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Libyan rivals aim for new power-sharing deal [AP}

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3rd Oct 17: Representatives from Libya's main rival power centers are welcoming proposals for a new power-sharing deal and political transition period that would end with elections in about a year.

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Serraj spells out reforms needed by Libyan healthcare system [Libya Herald]

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2nd Oct 17: The healthcare system in Libya has to be radically reformed and more money  put into it, Presidency Council (PC) head Faiez Serraj has said.

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US carries out airstrikes in Libya [The Telegraph]

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29th Sep 17: The US military has carried out more air strikes against the Islamic State group in Libya, killing several fighters, the US Africa Command said Thursday.

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East Libyan government issues retaliatory entry ban against U.S. citizens [Reuters]

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28th Sep 17: A government based in eastern Libya said on Wednesday it would bar entry to U.S. citizens after President Donald Trump’s administration included Libya in a new travel ban.

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How France Is Making Libya Worse [Foreign Affairs]

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21st Sep 17: On July 25, at peace talks in Paris convened by French President Emmanuel Macron, the leaders of Libya’s two main factions—Prime Minister Fayez al-Sarraj of the internationally recognized Government of National Accord (GNA) in Tripoli and Marshal Khalifa Haftar of the self-styled Libyan National Army, based near the eastern city of Benghazi—verbally agreed to a cease-fire and national elections, to be held “as soon as possible.” 

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Sanalla to defend Libyan production against further Opec push for cuts [Libya Herald]

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21st Sep 17: The head of the National Oil Corporation, Mustafa Sanalla, is expected to attend a meeting in Vienna on Friday between members of OPEC and other major oil producers outside the cartel to continue production cuts agreed last November beyond their scheduled expiry date of March 2018.

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