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.

Serraj in Paris for talks with Hollande [Libya Herald]

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27th Sep 16: Faiez Serraj, the head of the Presidency Council, is due to hold talks in Paris tomorrow, Tuesday, with French President Francois Hollande and French foreign minister Jean-Marc Ayrault.

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Libya PM calls for national reconciliation in splintered country [Reuters]

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26th Sep 16: Libya's prime minister called for a national reconciliation initiative to repair the divisions in a fragmented country reeling from the turbulence that has followed the fall of dictator Muammar Gaddafi.

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First oil in two years leaves Libya's Ras Lanouf port [Middle East Eye]

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21st Sep 16: An oil tanker left the Libyan port of Ras Lanouf for Italy on Tuesday, an official said, the first shipment since fighting erupted over control of the "oil crescent" two years ago. 

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3 foreign workers kidnapped in southwestern Libya [CBC News]

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20th Sep 16: Three foreign workers, including two Italians, were kidnapped in southwestern Libya Monday, Italy's Foreign Ministry and officials in the town of Ghat said.

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Oil Rebounds as Libyan Fighting Thwarts Resumption of Exports [Bloomberg]

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19th Sep 16: Oil rebounded from the lowest close in more than a month after clashes halted what would have been the first crude shipment from Libya’s Ras Lanuf export terminal since 2014.

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Western nations urge Libya general to give up oil terminals [Washington Post]

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13th Sep 16:  The United States and five Western nations have called upon forces loyal to a Libyan general to withdraw from three eastern oil terminals seized earlier this week, drawing a rebuke Tuesday from the internationally-recognized parliament.

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Key Libya oil terminals seized by rival government, sparking call for military action [Guardian]

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12th Sep 16: Internationally backed government calls on forces to protect ports against ‘flagrant aggression’ after export facilities taken over.

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Two car bombs shake Libya capital [Libya Observer]

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8th Sep 16:

Two simultaneously car bomb explosions rocked the Libyan capital of Tripoli on Thursday.

Eyewitnesses said the first explosion occurred at around 9:00 am near the foreign ministry in Zawit Dahmani neighbourhood, while the second car bomb went off near Abu Sittah Naval Base, which has become an administrative compound for UN-proposed government.

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Who pays for ISIS in Libya? [Libya Herald]

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6th Sep 16: t the headquarters of the Royal United Services Institute (RUSI) in Whitehall, London today, Hate Speech International (HSI) launched its report: “Who pays for ISIS in Libya?”. The report is authored by James Roslington and Jason Pack.

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New LIA boss plans to fund Libyan Infrastructure [Libya Business News]

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5th Sep 16: The newly-appointed Chief Executive Officer (CEO) of the Libyan Investment Authority (LIA), the country’s sovereign wealth find, which holds $67 billion of assets, said he is seeking to work and co-invest with international investors including major oil companies to boost his country’s wealth.

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UN launches new bid to stop Libya from breaking up [The National]

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4th Sep 16: The United Nations has convened crisis talks with Libya’s factions from Monday to try to halt a widening east-west split that threatens to tear the country apart.

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Libya hands over last stockpile of chemical weapon ingredients [Guardian]

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1st Sep 16: World watchdog says international coalition removed hundreds of tonnes of toxic substances at request of Tripoli unity government.

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Operation in Mediterranean rescues 6,500 migrants off Libya coast [The Telegraph]

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30th Aug 16: About 6,500 migrants have been rescued off the Libyan coast, the Italian coastguard said, in one of their busiest days of life-saving in recent years.

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NOC chairman accuses PC of losing Libya $10 million a day [Libya Herald]

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29th Aug 16: The head of the National Oil Corporation (NOC) based in Tripoli, Mustafa Sanalla, has accused the Presidency Council of losing Libya $10 million a day because of delays in providing cash to the corporation to enable it to do its job properly.

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Libya's unity government says still seeks approval from eastern parliament [Reuters]

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24th Aug 16: Libya's U.N.-backed government said on Wednesday it would continue seeking approval from the parliament based in the east of the country, despite members of the assembly voting to reject the fledgling administration.

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Joint statement on Libya [FCO UK]

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17th Aug 16: The Governments of France, Germany, Italy, Spain, the United Kingdom, and the United States welcome the announcement by the Presidency Council of the Libyan Government of National Accord (GNA) appointing an Interim Steering Committee of the Libyan Investment Authority (LIA).

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Libya's U.N.-backed government appoints panel to run $67 billion wealth fund [Reuters]

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16th Aug 16:

Libya's U.N.-backed government said on Monday it was appointing a five-member caretaker committee to run the country's $67 billion (52.03 billion pounds) sovereign wealth fund.
The Government of National Accord (GNA) said in a statement that the committee should not dispose of Libyan Investment Authority (LIA) assets and should protect the fund's rights and follow all legal cases it is involved in.

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UN has set dangerous precedent, says Libya's oil boss [Guardian]

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12th Aug 16: The head of Libya’s national oil company has lashed out at the United Nations, suggesting the head of the international organisation’s mission to his country, Michael Kobler, had set a dangerous precedent by seeking a deal with one of the militias blocking Libya’s oil ports.

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Libya forces capture Isil headquarters in key city of Sirte [Telegraph]

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11th Aug 16: Forces loyal to Libya’s recognised government claimed another victory over Isil on Wednesday, announcing the capture of the terrorist movement’s headquarters in the city of Sirte.

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Libya's NOC calls on rival factions to protect Zueitina terminal [Reuters]

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8th Aug 16: Libya's state oil company on Sunday called on rival armed factions to avoid damaging the oil terminal in Zueitina, following reports of possible clashes at the eastern port.

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EU extends civilian mission in Libya by a year [Reuters]

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4th Aug 16: The European Union on Thursday extended its civilian mission in Libya by a year and allocated a $18.92 million budget for the task.

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US launches airstrikes against Isis in Libya [Guardian]

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2nd Aug 16: US warplanes have attacked Islamic State forces in Libya, the Pentagon has announced, at the start of what US officials say will be a sustained offensive against the militant group outside Iraq and Syria.

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Libya's NOC welcomes opening of ports, aims for 900,000 bpd by end of year [Reuters]

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1st Aug 16: TRIPOLI, July 31 Libya's state oil company said on Sunday it welcomed the "unconditional" reopening of blockaded oil ports following a deal between the U.N.-backed government and an armed force which controls key facilities, saying it would begin work to restart exports from the terminals.

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Libya’s UN-backed council says oil terminals have reopened [Seattle Times]

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29th Jul 16:

 Libya’s U.N.-brokered presidency council has announced the reopening of the country’s vital oil terminals.
The move comes after the council struck a deal with a militia commander who shut the terminals down in December 2014, causing a sharp decline in state revenue.

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Three strategic projects set to soar after Libyan Local Investment & Development Fund (LLIDF) appoints PwC

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28th Jul 16: A multi-million redevelopment of Tripoli International Airport is getting ready for take-off following the Libyan Local Investment & Development Fund’s (LLIDF) appointment of PwC as its strategic advisor.

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