Libya requires $3-4 billion to raise oil production to 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters Saturday. A long-awaited licensing round for 15-21 exploration blocks is expected by the end of January. Speaking at the Libya Energy and Economy Summit in Tripoli, Abdulsadek said oil constitutes 95% of Libya’s economic output, and that it aims to reach 2 million bpd as it rebuilds post-conflict capacity. The OPEC-member country was producing 1.6 million bpd before the NATO-backed uprising that toppled Muammar Gaddafi in 2011.
Egypt is in advanced negotiations with South Korea to buy up to 100 FA-50 light attack aircraft, Egyptian Ambassador to
The MASI index, representing all listed shares on a free-float capitalization basis, continued its robust performance in the first quarter
Tunisia's Central Bank reduced its key interest rate by 50 basis points to 7.5% on Friday, aiming
Diplomats in Libya have accused the Internal Security Agency (ISA) of forcing international NGOs to halt operations, AFP reported Wednesday.
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