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.

Army launches major attack in Benghazi [Libya Herald]

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1st Dec 16: The army has this morning launched a major assault on the Ganfouda terrorist enclave in Benghazi. At least 20 tanks are reported to have been attacking from the west while LNA forces appear to be pressing forward all around the perimeter while naval vessels bombard from offshore.

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Cash-strapped Libya must sit out OPEC cuts says NOC’s Sanalla [Libya Herald]

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28th Nov 16: Libya’s economic woes mean that it cannot afford to be part of OPEC production cutbacks, National Oil Corporation boss Mustafa Sanalla has warned.  It would have to opt out of any cuts  for the foreseeable future.

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UK government rejects MPs' criticism of Libya intervention [Middle East Eye]

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28th Nov 16: The British government on Friday rejected parliamentary criticism of its 2011 intervention in Libya, arguing its involvement saved civilian lives and claiming the Islamic State (IS) group has been weakened in the country. 

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Libya is under pressure to devalue its currency

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25th Nov 16: The dinar has been steadily weakening on the black market over the past year as the nation’s political rifts thwarted a recovery in oil output. It hit a record low of 7 to the dollar this week.

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Monkey incident sparks fierce battle in Libya [BBC News]

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21st Nov 16:

Ethnic fighting has left at least 20 people dead in the south Libyan town of Sabha after an incident with a monkey, medical sources say.

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Libya to Nearly Double Oil Output as OPEC’s Task Gets Harder [Bloomberg]

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16th Nov 16: OPEC’s Libya plans to almost double crude production next year even as the producer group tries to implement a deal to trim production and ease a global supply glut.

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Libya’s largest oil port may be able to ship next week [Gulf News]

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13th Nov 16: Libya’s largest oil export terminal may reopen as early as next week in a move that would provide relief for the cash-strapped country holding Africa’s largest crude reserves.

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The Battle for Sirte: An analysis [Libya Herald]

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8th Nov 16: Despite earlier reports that it has stopped bombing in Sirte, the United States on Monday renewed authorisation to continue air strikes against Islamic State at Sirte, after a three-month blitz failed to finally propel the Government of National Accord’s Bunyan Marsous forces to victory against the so-called Islamic State (IS).

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West urges key figures in Libya to compromise as economic chaos looms [The Guardian]

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1st Nov 16: Leaders meeting in London stress urgent need to break impasse between Libya’s UN-backed PM and its central bank governor

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Libya Meeting Hopes to Break Political Stalemate, Focus on Economy [Newsweek ME]

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30th Oct 16: A meeting on Libya in London next week will seek to break a political stalemate over the country’s U.N-backed unity government, which has struggled to extend its influence beyond the capital, Tripoli, a senior U.S. official said on Friday.

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UN Libya Delegate: The GNA Will Prevail [Asharq Al-Awsat]

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28th Oct 16: The U.N. delegate to Libya, Martin Kobler, defended the internationally-backed (Government of National Accord) GNA led by Fayez al-Sarraj saying that its presidential council still is constitutionally legitimate. Kobler added that rumors on the GNA’s legitimacy coming to an end by the end of this year had no truth.

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Saudi Arabia set to announce Libya reconciliation talks in next few days [Libya Herald]

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27th Oct 16: Saudi Arabia is expected to take a major role in trying to solve the Libyan crisis, inviting key players from all sides of the divide to a meeting aimed at ending it. 

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Arab League, African Union and UN move to coordinate Libya policy [Libya Herald]

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25th Oct 16: UN Special Envoy Martin Kobler and former Tanzanian President Jakaya Kikwete, the African Union’s High Representative to Libya, have joined Arab League Secretary General Ahmed Aboul Gheit in Cairo today for a trilateral meeting aimed at streamlining policy on Libya between the three bodies.

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Libya Restarts Waha Oil Field, Raises Total Output To 580,000 Bpd [oilprice.com]

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19th Oct 16: Libya continues to ramp up its oil production, and resumed last week output at the major Waha oilfield, which raised its total crude output to 580,000 barrels per day, Reuters reported on Tuesday, quoting a senior Libyan oil official.

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United Nations condemns attempted coup in Libya [Guardian]

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16th Oct 16: Plotters proclaim return of a former administration after armed units seize buildings of UN-backed GNA.

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Libya's $1.2bn claim against Goldman Sachs thrown out

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14th Oct 16: The London High Court has dismissed a $1.2bn (£840m) claim against US investment bank Goldman Sachs over Libya's sovereign wealth fund.

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Libya forces make final push to clear ISIL from Sirte [Al Jazeera]

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12th Oct 16: Government troops battling for last stretch of territory in what used to be the group's stronghold in Libya.

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Italian companies visit remains of destroyed Tripoli International Airport to offer reconstruction plan [Libya Herald]

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11th Oct 16: A consortium of Italian companies specializing in airports visited the remains of the destroyed Tripoli International Airport (TIA) yesterday, the Libyan Airports Authority (LAA), part of the Libyan Transport Ministry reported.

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UN Authorizes EU to Stop Migrant-Smuggling Vessels off Libya [ABC News]

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7th Oct 16: The U.N. Security Council adopted a resolution Thursday authorizing the European Union and individual countries to seize migrant-smuggling vessels on the high seas off Libya for another year.

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Libya, UK review oil cooperation [Libya Observer]

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6th Oct 16: Chairman of National Oil Corporation Mustafa Sonallah and British ambassador to Libya Peter Millett held talks in Tripoli Tuesday on cooperation in oil and gas fields.

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Paris meeting on Libya fails to make progress; Libyans not invited [Libya Herald]

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4th Oct 16: Today’s ministerial level meeting on Libya hosted by the French government in Paris failed to make any significant progress on the crisis in the country although it is reported that those attending agreed that the future Libyan government should give a role to Khalifa Hafter. No Libyan participants were invited, however.

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