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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.

U.S. envoy endorses Libya's U.N.-backed government in whirlwind visit to Tripoli [Reuters]

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24th May 17: The U.S. ambassador to Libya pledged Washington's support for its U.N.-backed government on Tuesday and urged rival factions to avoid civil war, during the first, fleeting visit to the country by a U.S. envoy in nearly three years.

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France under Macron signals shift in Libya policy, towards Haftar [Reuters]

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19th May 17: France said on Thursday it was reviewing its position on the Libyan conflict and for the first time openly called for a united national army that included eastern militia commander Khalifa Haftar to battle Islamist militants.

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Libya's NOC chief defiant in dispute with Tripoli government, Wintershall [Reuters]

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18th May 17: The head of Libya's National Oil Corporation (NOC) said he was determined to fend off an attempt by the U.N.-backed government to appropriate energy sector powers and said settling a dispute with Germany's Wintershall over a contract was a "top priority".

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SocGen Faces U.K. SFO Probe Into Libya Bribery Allegations [Bloomberg]

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15th May 17: The U.K. Serious Fraud Office sought documents as part of a “pending” probe into a dispute between Societe Generale SA and the Libyan Investment Authority, days after the bank agreed to pay 963 million euros ($1.06 billion) to resolve a related civil-bribery lawsuit.

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Germany boosts UNICEF’s drive to support 30,000 displaced Libyan children [Libya Herald]

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14th May 17: The German government is giving €6.5 million to the United Nations Children’s Fund  (UNICEF) for its programme to help the 30,000 children who have been displaced or otherwise affected by the conflict in Libya.

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Boris Johnson: This is a moment of hope for Libya. We can’t afford to miss it [Spectator]

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11th May 17: This once-great country can have a great future. All it takes is political will, and the courage to compromise.

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Libya is in need of investment to stabilise the whole region [Libya Herald]

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10th May 17: On the opening day of the Libya Investment Summit in Istanbul 9-11 May, Issa Twejri, former Minister of Planning and member of the UN Libya Experts Forum said that ‘‘Libya is a virgin land of opportunities in a variety of sectors and with a strategic location”.

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NOC’s Sanalla confident Libya will reach oil production targets [Libya Herald]

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6th May 17: Libya’s National Oil Corporation chairman, Mustafa Sanalla has dismissed claims by international oil experts that Libya will be unable to increase its oil production to its intended target of 800,000 bpd in 2017 or even by 2018.

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Boris Johnson meets rivals for power in Libya [Guardian]

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5th May 17: British foreign secretary makes trip to Tripoli to give personal support to peace process involving Fayez Aal-Serraj and Khalifa Haftar

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Breakthrough Libya talks appear to yield deal between rival factions [Guardian]

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4th May 17: Talks between leaders of the two largest rival factions in Libya appear to have reached an outline agreement in probably the most optimistic moment for the war-torn country in many years.

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Libya rivals Sarraj and Haftar meet face to face in Abu Dhabi [The National]

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3rd May 17: The prime minister of Libya’s UN-backed government and the country’s most powerful military commander met in Abu Dhabi on Tuesday for direct talks on ending Libya’s conflict.

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Libya's oil output hits 760,000 bpd, highest since 2014: NOC [Reuters]

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2nd May 17:

Libya's oil production has risen above 760,000 barrels per day (bpd), its highest since December 2014, the National Oil Corporation (NOC) said on Monday.

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Trump 'pushes Libya's Haftar to endorse' UN-backed government [The New Arab]

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1st May 17:

US President Donald Trump has pressed for Libyan military strongman Khalifa Haftar to pledge support for the UN-backed Unity government, an Egyptian official has told The New Arab.

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NATO looks to rebuild Libyan defence ministry and intelligence services [Libya Herald]

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30th Apr 17: NATO is to send a team to Libya to help re-build state institutions, according to Jens Stoltenberg, the organisation’s Secretary-General.

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Libya's rival governments agree path to peace: Reports [Middle East Eye]

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24th Apr 17:

Libya's warring rival governments have reached an agreement to end months of fighting in a deal brokered by Italy, according to reports from all sides.

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Donald Trump remarks raise fears of US disengagement in Libya [The Guardian]

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21st Apr 17: President says US has no role in embattled country as Italian diplomats watch Russia’s involvement with concern.

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GECOL agrees MoU to create Arab electricity network [Libya Herald]

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11th Apr 17:

State electricity company GECOL has signed up to a Memorandum of Understanding (MoU) to establish a joint Arab electricity grid, agreed by the Arab League.
The MoU, signed in Cairo by Arab electricity ministers, underlines the League’s commitment to support the interconnection of electricity networks across the region.

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Syria, Libya to dominate agenda as G7 nations meet in Italy [CBC News]

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10th Apr 17: Italy is hoping for vocal support for a United Nations-backed government in Tripoli, that has struggled to exert its influence in the city, let alone in the rest of the violence-plagued north African country.

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GNA reports 30 percent shortfall in Q1 state revenues [Libya Herald]

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7th Apr 17: The Tripoli-based Ministry of Finance of the Faiez Serraj Government of National Accord (GNA) has reported that state revenues were down by 30 percent in the first quarter of 2017.

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Eni strikes Gamma gas off Libya [OEdigital]

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6th Apr 17: Italian giant Eni has discovered gas and condensate at the Gamma prospect, offshore Libya.

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Serraj arrives arrives in Jordan for Arab Summit; HoR protests at his invitation [Libya Herald]

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29th Mar 17: The head of the Presidency Council (PC) arrived in Jordan today for the Arab Summit which gets underway tomorrow at at the King Hussein Convention Center on the Dead Sea.

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