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 says only united military can defeat IS [MailOnline]

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27th Jun 16: The head of Libya's unity government said Sunday that only a united military bringing together all the country's armed factions would be able to defeat the Islamic State group.

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Faiez Serraj holds first official cabinet meeting [Libya Herald]

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22nd Jun 16: The Government of National Accord has held its first cabinet meeting today in Tripoli, at the Bu Setta naval base. Presided over by Presidency Council head and prime minister Faiez Serraj, who was flanked by two of his deputies, Ahmed Maetig and Fathi Majbri, sixteen other members attended.

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LIBYA – OIL OPERATION ANNOUNCES A TENDER FOR REPAIRS TO RAS LANUF TANK FARM

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20th Jun 16: Emergency repairs required to the Ras Lanuf tank farm in Libya.

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Libya's unity govt signs humanitarian accord in Rome [africanews]

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19th Jun 16: Libya’s UN backed unity government is keen on restoring peace and stability in the country. The latest effort is in the form of a humanitarian agreement that was signed on Saturday, in Rome.

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Goldman Sachs to face Libya in revealing London High Court trial [Independent]

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13th Jun 16: Libya's $67 billion sovereign wealth fund will go head-to-head with Goldman Sachs in London's High Court this week over claims that the US investment bank exploited the fund by encouraging it to make risky and ultimately worthless investments.

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Libya Forces Advance on Islamic State Stronghold [Wall Street Journal]

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12th Jun 16: Forces aligned with Libya’s internationally backed unity government closed in on the center of the Islamic State stronghold of Sirte during the weekend, giving a boost to an administration struggling to unite the fractured nation.

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Libyan brigades edge closer to Islamic State stronghold of Sirte: security sources [Reuters]

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9th Jun 16: Forces aligned with Libya's new unity government advanced on the eastern and southern outskirts of the Islamic State stronghold of Sirte on Wednesday, taking control of at least one military camp, security sources said.

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Libya needs unified army to fight ISIS, says UN envoy [ANSAmed]

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8th Jun 16:

UN envoy Martin Kobler called for the national unity agreement to be approved by all parties in Libya including the sensitive issue of the armed forces, in order to fight against the Islamic State (ISIS).
His comments were made during an interview with Sky News Arabiya.Ansa

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Libya’s rival central banks team up for national recovery [Libya Herald]

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6th Jun 16: The governors of Libya’s rival Central Banks agreed last night to work together as a team to design a “unity plan” for the whole economy.

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France's Technip signs $500 Million Libya oil platform deal [Reuters]

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31st May 16:

French oil services company Technip signed on Tuesday a deal worth $500 million with a consortium that includes Libya's National Oil Company (NOC) and Italy's oil and gas major ENI to refurbish an offshore oil platform.


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Libya is an x-factor for oil production [Forexlive]

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31st May 16:

One of the reasons cited for the rebound in oil prices on Monday is fighting in Libya but it may be a case of a short-term gain leading to long-term pain.

Government forces are fighting to retake critical oil infrastructure and they've declared retaking it a priority. Today, a spokesman said they have retaken the coastal town of Ben Jawad from Islamic State.

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Migrant crisis: UK set to send Royal Navy warship to Libya [BBC]

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27th May 16: The UK is set to send a Royal Navy warship to the Mediterranean to help tackle arms smuggling in Libya, Prime Minister David Cameron has announced.

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Migrant crisis: Libya intercepts boats carrying 850 people [BBCNews]

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23rd May 16: A spokesman said the migrants from various African countries - including 79 women, 11 of them pregnant - were found in seven inflatable boats near Sabratha, west of the capital Tripoli.

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Libya Requests EU Help Training Security Services [Wall Street Journal]

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23rd May 16: Libyan Prime Minister Faiez Serraj requested the help of the European Union in training the country’s security services, naval forces and coast guard, the bloc’s foreign policy chief said Sunday.

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Libya forces say pushing back Islamic State fighters [Reuters]

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19th May 16: Forces loyal to Libya's U.N.-backed unity government pushed Islamic State fighters back toward their stronghold of Sirte on Wednesday but lost more than 30 men, including seven killed in a car bombing, officials said.

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The Guardian view on Libya: a nation’s tragedy, a continent’s problem Editorial [The Guardian]

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18th May 16: Europe must not close its eyes to the fate of one of Africa’s best-resourced countries. The bloody chaos there could all too easily find its way to the continent’s shores.

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U.S. and allies ready to help arm Libyan forces against Islamic State [Washington Post]

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17th May 16: VIENNA — Diplomats from 25 countries and international organizations, including the United States, said Monday that they are considering arming and training the new unity government in Libya so it can fight the spread of terrorist groups in the country and counter the smuggling of migrants to Europe.

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Ministerial Meeting for Libya Joint Communique [EEAS]

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16th May 16: We welcome the presence of Prime Minister al-Sarraj and commend his leadership in guiding Libya’s institutions through seating the government in Tripoli, a turning point in the Libyan political process.

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Foreign ministers hold Vienna talks as Isis threat to Libya grows [The Guardian]

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16th May 16: Leading foreign ministers from Europe and the Middle East are to meet in Vienna on Monday under the joint chairmanship of the US and Italy to discuss how to bolster support for the UN-backed Libyan government in the face of deepening splits in the country over political legitimacy, oil resources and Islamic State.

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West abandoned Libya after helping oust Gaddafi and now it must help fix the chaos, says new PM [The Telegraph]

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16th May 16: Libya's new prime minister has accused the West of abandoning the country after helping oust dictator Moammar Gaddafi and says it bears a responsibility for helping solve the resulting chaos, in an article for the Telegraph.

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Western Libyan forces prepare attack on Islamic State [Reuters]

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11th May 16:

Forces in western Libya are preparing to advance on the city of Sirte, seized by Islamic State last year, their spokesman said, pushing ahead with plans for a counter-attack after the Islamists made territorial gains in the last week.

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Libya's oil output slashed as export row rages [Reuters]

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9th May 16: May 9 Libya's crude oil output has fallen to a trickle amid a standoff over export rights that prevented trading giant Glencore from loading a tanker.

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Libya Premier Urges Lifting of Arms Embargo, Asset Freeze [ABC News]

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8th May 16: Libya's new prime minister called on the international community to help his country bolster its fight against terrorism on Sunday, urging the lifting an arms embargo and release of funds that remain frozen under U.N. sanctions.

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Libya output could fall within days if Hariga dispute continues: NOC Tripoli [Reuters]

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5th May 16:

Libya may be forced to slash oil production within days if a stand-off between eastern and western factions that has prevented loadings at the Marsa al-Hariga port continues, an official from state oil firm NOC in Tripoli told Reuters on Thursday.

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Black market dollar exchange rate passes LD 4 mark [Libya Herald]

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5th May 16:

The black market dollar exchange rate passed the LD 4-mark yesterday after remaining below LD 4 for weeks as a result of the optimism associated with the arrival of PM designate Faiez Serraj and his Presidential Council (PC)/Government of National Accord (GNA) to Tripoli on 30 March.

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Interview: Martin Kobler, the UN envoy trying to put Libya back together [Middle East Eye]

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5th May 16: The veteran German diplomat speaks about the challenge of uniting Libya and ending a civil war.

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Libya's east tests muscle with oil shipment, troop dispatches [Reuters]

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4th May 16: By defiantly attempting to export their own oil and dispatching troops towards the centre of the country, Libya's eastern factions may be gambling on force as they bid for a larger stake under a U.N.-backed unity government.

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Scores of Migrants Feared Dead in Shipwreck off Libya [Wall Street Journal]

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1st May 16:

More than 80 migrants are feared to have drowned in a shipwreck late last week close to the Libyan coast, an aid agency said, less than two weeks after hundreds of migrants are believed to have died on the perilous Libya-to-Italy route.

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Blacklisted oil tanker returns to Libya's Zawiya port [Reuters]

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1st May 16: A tanker that Libya's rival eastern government had been using to try to export oil in defiance of the Western-backed administration in Tripoli returned to the country on Saturday, after it was blacklisted by the United Nations, the state oil company said.

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