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.

Algeria, Libya agree to jointly manage oil fields on shared border [Middle East Monitor]

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16th Jan 18: Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries.

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At least 20 dead as clashes shut airport in Libyan capital [Reuters]

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16th Jan 18: ierce clashes broke out in the Libyan capital Tripoli on Monday, killing at least 20 people, shutting the airport, and damaging planes during what the government said was a failed attempt to spring militants from a nearby prison.

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EU to support upgrading role of Libyan Chambers of Commerce [Libya Herald]

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14th Jan 18:

Libyan and European key economic players gathered in Tunis last Thursday to identify the main areas of support that can be provided to Libyan Chambers of Commerce through the European Union 7.8 million euros project Support to Libya for Economic Integration, Diversification and Sustainable Employment (SLEIDSE), funded by the EU and implemented by Expertise France.

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What does 2018 hold for Libya? [The New Arab]

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12th Jan 18:

Libyans look back on 2017 as a year of political stagnation, with no significant success in clearing the political impasse and deadlock between the factions embroiled in the Libyan conflict. 

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Dear Libya [HM Ambassador Peter Millett]

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12th Jan 18: We have known each other for two and a half years.  But the time has come for me to leave. 

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UN political chief in Libya to push elections [Mail Online]

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12th Jan 18: The United Nations' political chief held talks on Thursday with the head of Libya's parliament about elections to be held under a UN plan to stabilise the strife-ridden country.

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Tripoli Chamber to hold meeting to discuss why Tripoli port has lost business [Libya Herald]

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11th Jan 18:

The Tripoli Chamber of Commerce and Industry (TCCI) has called on all its members and importers to register for a planned meeting to discuss the reasons why importers are no longer using Tripoli Port as their preferred port of choice for their goods.

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Libya's Monetary Crisis [Lawfare.com]

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10th Jan 18: To many Libyan households, the top security threat plaguing their daily lives isn’t the risk of being caught in the crossfire between contending militias, falling victim to a jihadi group, or being kidnapped for ransom. A more unrelenting consequence of Libya’s dysfunctional politics is its monetary crisis.

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U.N. endorses elections for Libya by end of 2018 [Reuters]

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10th Jan 18:

TRIPOLI (Reuters) - The United Nations is committed to helping Libya organize elections by the end of this year, encouraged by the rate at which Libyans have been registering to vote, a top U.N. official said today (Wednesday).

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Libya: Survival Mode [Strategy Page]

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8th Jan 18: The July 2017 peace plan the UN worked out is still limping along. The UN backed GNA (Government of National Accord in Tripoli) has continued to weaken while the HoR (House of Representatives government in Tobruk) now controls or contests most of the country.

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Libya's NOC says wins arbitration on Ras Lanuf refinery, calls for restart [Reuters]

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7th Jan 18: Libya’s National Oil Corp (NOC) said it had won two international arbitration cases over the 220,000 bpd-capacity Ras Lanuf refinery, and called for the refinery to restart as soon as possible.

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Libyan oil revenues up sharply in 2017, budget deficit halved [Reuters]

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5th Jan 18:

TUNIS, Jan 5 (Reuters) - Libya earned $14 billion in oil revenues in 2017, nearly three times more than in the previous year, allowing it to halve its budget deficit, the central bank said, amid a partial recovery in oil output despite continued political and economic turmoil.

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New opportunity from Export opportunities: Libya - Electrical substation [DTI]

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5th Jan 18: The development programme has issued a tender to refurbish an electrical substation.

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Will holding elections in 2018 end Libya's conflict? [MEE]

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3rd Jan 18:

On 29 November, United Nations special envoy to Libya Ghassan Salame stated that the UN mission was working on holding elections in Libya before the end of 2018.

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Libya's AGOCO looks to fix power problems hampering output [Reuters]

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2nd Jan 18:  Libya’s Arabian Gulf Oil Company (AGOCO) is hoping to resolve power problems by the end of March that are keeping production well below potential, its chairman said on Monday.

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Libyan army in east welcomes elections soon as possible [Associated Press]

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28th Dec 17:

The spokesman for Libya’s self-styled national army in the east says the army welcomes holding elections as soon as possible.
In a Wednesday press conference, Brigadier Gen. Ahmed al-Mosmari said the army is ready to secure polling stations across the country and urged the east-based parliament to issue the elections law.

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Sirte, Libya, begins to rebuild after years of conflict and Islamic State oppression [Washington Times]

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27th Dec 17: A year has gone by since the six-month-long, American-led air campaign pounded the jihadis out of Sirte, a city nestled on the Mediterranean that was once known as a favorite hideaway of Libyan dictator Moammar Gadhafi.

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Libya needs a week to repair blown-up oil pipeline: NOC [Reuters]

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27th Dec 17: A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.

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Libya's Slow Creep Toward Containment [Forbes.com]

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22nd Dec 17:

2018 may  be the year the international community shelves its efforts to catalyze a stable government in Libya in favor of containment, where the main targets are illegal migration, and the growth of violent extremism.   If so, the trigger will not have been the passage of the deadline for enacting the United Nations-structured Libyan Political Agreement (LPA) this last week, as much as the fact that the interests of several outside countries are more reliably served by the status quo.

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The Ambassador’s Twitter Q&A session [Facebook]

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21st Dec 17: Outgoing UK Ambassador to Libya, Peter Millett, answers questions via Twitter.

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Al-Sirraj bids UK ambassador to Libya farewell [Libya Observer]

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20th Dec 17: The Head of the Presidential Council (PC) Fayez Al-Sirraj bid the UK ambassador to Libya Peter Millett farewell on Wednesday morning in Tripoli after the latter had finished two years and a half of service, wishing him good luck in times to come.

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Eastern Libyan parliament approves new central bank governor [Reuters]

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19th Dec 17:

BENGHAZI, Libya, Dec 19 (Reuters) - Libya’s eastern-based parliament approved a new central bank governor on Tuesday, deputies said, a move likely to cement financial divisions as the country grapples with political turmoil and economic crisis.

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Libyan mayor Mohamad Eshtewi kidnapped and killed in Misrata [BBC News]

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18th Dec 17:

Unknown gunmen have killed the mayor of Libya's port city Misrata after reportedly chasing his car and kidnapping him.

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No December 17th deadline for LPA says UN Security Council [Libya Herald]

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15th Dec 17:

The UN Security Council’s president has said that 17 December is not a deadline for the Libyan Political Agreement (LPA) or the Presidency Council and its government of national accord.

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Egypt agrees to provide electricity and electrical know-how to Libya [Libya Herald]

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15th Dec 17:

Egypt has agreed to provide Libya with electricity, starting next year. It is also to provide expertise in rebuilding the Libyan electricity industry.

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Siemens returns to Libya with 700 million euro power deals [Reuters]

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11th Dec 17:

LONDON (Reuters) - Siemens has signed power-generation contracts with Libya worth around 700 million euros (£616.7 million), it said on Monday, marking a return to active business in the north African country after the unrest that broke out after the 2011 uprising.

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After six years in jail, Gaddafi's son Saif plots return to Libya's turbulent politics [The Guardian]

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6th Dec 17:

Saif al-Islam Gaddafi, the son of the former Libyan dictator, is seeking to make a comeback after years in detention, and claims to be leading a military campaign against terrorist groups around Tripoli.

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Libyan-British oil industry cooperation conference proposed [Libya Herald]

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6th Dec 17:

UK ambassador Peter Millett has suggested to NOC chairman Mustafa Sanalla that a conference be held next year in Aberdeen to assess ways in which British and Libyan oil sector companies could cooperate to maintain and improve Libya’s oil production and facilities.

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Libyan elections will be held in 2018 only if conditions are right: Salame [Libya Herald]

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4th Dec 17: Libya Herald’s Sami Zaptia was invited by the organisers of the Rome 2017 Mediterranean Dialogues (29 November to 2 December) to interview in front of a live audience Special Representative of the Secretary General of the UN (SRSG) and UNSMIL head Ghassan Salame. 

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Water trickles back but week-long water stoppage has affected millions [Libya Herald]

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4th Dec 17: It is reported that water is slowly returning to Tripoli after the Man-Made River authority said that valves on the system had been reopened and the Hasawanah reservoir was refilling.

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Blackwater founder pitches plan to quell Libya migrant crisis with private police [The Guardian]

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30th Nov 17:

Erik Prince, the founder of the private military contractor Blackwater, is pushing a plan to intervene in the migrant crisis in Libya with a proposal involving a privately-trained police force that would mirror his company’s work in Afghanistan.

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Voluntary evacuation planned for migrants in Libya detention camps [Guardian]

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30th Nov 17: A plan for a voluntary evacuation of migrants in Libya government-controlled detention camps lies at the heart of an emergency migration plan for Africa.

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Benghazi investment and reconstruction conference calls for less state dependency [Libya Herald]

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28th Nov 17:

The ”Investment and its role in the reconstruction of Benghazi” conference called for less dependence on the state and more joint private sector (PPP) projects on its opening day.

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UN to discuss tougher response to Libya slave auctions [News 24]

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28th Nov 17: The UN Security Council must take stronger measures, possibly including sanctions, to put a stop to slave auctions in Libya, the French ambassador said on Monday.

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'Where is the world?': Libya responds to outrage over slave auctions [CNN]

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23rd Nov 17:

Libyan officials have denounced the migrant slave auctions exposed in a CNN investigation, but claim more support is required from the global community to tackle the issue.

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UN hails Tobruk’s acceptance of reformulated Libya deal [aa.com]

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22nd Nov 17:

The United Nations Support Mission in Libya (UNSMIL) on Wednesday welcomed a decision by Libya’s Tobruk-based parliament to accept proposed amendments to a landmark political agreement signed in late 2015.

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Waha to rebuild storage tanks and pipelines, plans “alternative” payment schemes [Libya Herald]

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21st Nov 17:

Waha Oil is looking to replace large sections of its pipelines suffering from corrosion as well as the 12 oil tanks destroyed in 2014 at its terminal in Sidra. However, it lacks the finance to pay for them. As a result, according to Waha chairman Ahmed Ammar, it is looking to alternative means of payment.

Speaking to a business conference in Tunis today organised by the Libyan British Business Council and the British Arab Commercial Bank (BACB), Ammar did not explain what the alternative payment systems might be, whether by oil barter, deferred higher payments or any other means.

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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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