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 Marks Seven Years Since the Fall of Gaddafi [AFP]

External Article. Opens in a new Window.

16th Feb 18:

Tripoli - Seven years since a revolution that ended four decades of dictatorship under Moammar Gaddafi, Libyans see no end in sight to the North African nation's chaotic transition to democracy.

Read More

NOC commends Attorney General’s issue of arrest warrants for 144 suspected fuel smugglers [ Libya Herald]

External Article. Opens in a new Window.

13th Feb 18: The National Oil Corporation (NOC) has commended the Attorney General’s decision to issue arrest warrants for more than 144 accused fuel smugglers in the western region of Libya.

Read More

Libyan oil production hits record high in 5 years [The Libya Observer]

External Article. Opens in a new Window.

12th Feb 18: Libya's oil production topped 1.083.000 bpd of crude oil and 1.133.000 of total liquids in January 2018, the highest in nearly 5 years, energy-data provider Genscape firm reported.

Read More

UNDP provides 23 million dinars to startups in several municipalities [The Libya Observer]

External Article. Opens in a new Window.

12th Feb 18: The Ministry of Local Government in Tripoli said on Sunday that the United Nations Development Program (UNDP) had provided 23 million dinars to a number of micro projects in several municipalities. 

Read More

Change of Her Majesty’s Ambassador to Libya in February 2018 [FCO]

External Article. Opens in a new Window.

8th Feb 18: Mr Frank Baker CMG OBE has been appointed Her Majesty’s Ambassador to Libya in succession to Mr Peter Millett CMG.

Read More

Libya’s crude output hurt by low investment, rather than disruptions [ICIS]

External Article. Opens in a new Window.

7th Feb 18: Libya’s oil production is under threat more from a lack of investment than from sporadic disruptions, according to the CEO of Libya’s National Oil Corporation (NOC) Mustafa Sanalla.

Read More

Libya Central Bank says keen on doing comprehensive reform [Libya Observer]

External Article. Opens in a new Window.

6th Feb 18:

The Central Bank of Libya (CBL) said it will keep providing letters of credit to businesspersons in order to cover the Libyan market requirements for foods and other commodities as per the budget laws of 2017.

Read More

Qaddafi's Long Gone, But Libya's Oil Still Struggles [Bloomberg]

External Article. Opens in a new Window.

5th Feb 18:

Theft, corruption and injustice are getting dangerously close to strangling the newly reborn Libyan oil industry in its cradle. Should anyone outside Libya care? Yes -- OPEC, Europe and the U.S., to name a few. 

Read More

Conflict Security Stability Fund (CSSF) Libya Technical Capacity and Economic Governance Programme [DfID UK]

External Article. Opens in a new Window.

2nd Feb 18: This World Bank Governance Program will provide technical advice and training to Libyan civil servants in three areas: management of public financial resources; management of information; and coordination and collaboration among public institutions. 

Read More

Libya's Constitution is the Minimum Requirement for Elections [Atlantic Council]

External Article. Opens in a new Window.

1st Feb 18: On January 10, 2018 the United Nations endorsed the UN Support Mission in Libya’s (UNSMIL) intention to hold national elections by the end of 2018, led by the new UN Special Envoy to Libya, Ghassan Salame.

Read More

Libya's eastern parliament swears in new central bank governor [Reuters]

External Article. Opens in a new Window.

29th Jan 18:

BENGHAZI, Libya, Jan 29 (Reuters) - Libya’s eastern-based parliament swore in a new central bank governor on Monday, though the head of a rival assembly in the capital, Tripoli, quickly rejected the move.

Read More

Bootcamp brings Libyan and Tunisian Entrepreneurs Together [Libya Business News]

External Article. Opens in a new Window.

29th Jan 18:

SLEIDSE, a 7.8 million euro European Union programme, and SPARK’s LEAD programme, a 7.5 million euro Dutch Ministry of Foreign Affairs funded programme, join forces and organise the first bootcamp for young Libyan and Tunisian entrepreneurs, from today (29th of January) through 2nd of February, in Tunis.

Read More

UN demands handover of Libya commander to ICC [ENCA.com]

External Article. Opens in a new Window.

25th Jan 18:

TRIPOLI, Libya - The United Nations on Thursday demanded the immediate surrender of a Benghazi commander wanted by the International Criminal Court on war crimes charges after evidence emerged suggesting he had carried out new summary executions in Libya.

Read More

While National and International Actors Stall, Local Leaders in Libya Step Up [Atlantic Council]

External Article. Opens in a new Window.

24th Jan 18: The impression that the political situation in Libya is stalled is widespread. The lack of productive movement from national-level actors is undeniable: the UN-led mediation is faltering, the transitional government in Tripoli is not moving forward as fast as it should, and the House of Representatives (HoR) in Tobruk continues to under-perform, plagued by a constant lack of quorum.

Read More

Libya car bombing: 33 dead after blasts kill worshippers outside Benghazi mosque [The independent]

External Article. Opens in a new Window.

24th Jan 18:

A double car bombing in Libya has left at least 33 people dead and 50 wounded, including senior security figures. 

Read More

Libyan mayors threaten to form national government if political division continues [Xinhua]

External Article. Opens in a new Window.

23rd Jan 18:

TRIPOLI, Jan. 23 (Xinhua) -- The mayors of 109 Libyan municipality on Tuesday threatened to declare civil disobedience and form a national government in the event of continued political division in Libya.

Read More

Libyans Ditch Dollars as Oil Recovery Offers Economic Relief [Bloomberg]

External Article. Opens in a new Window.

22nd Jan 18:

Libya’s powerful black market traders are encountering an unfamiliar sight: people showing up with bundles of dollars for sale.

Read More

Libya's militia culture must be demobilised [The New Arab]

External Article. Opens in a new Window.

22nd Jan 18:

The recent breakout of fighting between militias around Mitiga - the only functioning airport in Tripoli - caused chaos and left many dead and injured. 

Read More

UNDP installs solar panels in 15 Libyan hospitals, plans more in 2018 [Libya Herald]

External Article. Opens in a new Window.

18th Jan 18: The UNDP has confirmed that it has installed solar panels for back-up power in 15 different hospitals across Libya as well as one municipality building between 2016 and 2017. It plans to install more in other hospitals and public facilities such as schools and municipal buildings in 2018 – subject to obtaining funding.

Read More

Shell and BP to Buy Libyan Oil as Country Recovers [Bloomberg]

External Article. Opens in a new Window.

18th Jan 18: Royal Dutch Shell Plc and BP Plc agreed to annual deals to buy Libyan crude, underscoring how the North African country’s recovering production and improving security are enticing some of the world’s largest oil companies.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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. 

Read More

Dear Libya [HM Ambassador Peter Millett]

External Article. Opens in a new Window.

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

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

Libya's Monetary Crisis [Lawfare.com]

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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).

Read More

Libya: Survival Mode [Strategy Page]

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

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

Read More

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

External Article. Opens in a new Window.

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.

Read More

Eastern Libyan parliament approves new central bank governor [Reuters]

External Article. Opens in a new Window.

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.

Read More

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

External Article. Opens in a new Window.

18th Dec 17:

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

Read More