Council Members

** ~ The LBBC sends its Muslim members and friends best wishes for the holy month of Ramadan ~ **

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.

UN approves Lebanese former minister Ghassan Salame as Libya envoy [The New Arab]

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21st Jun 17: UN approves Lebanese former minister Ghassan Salame as Libya envoy

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U.N. chief set to name new Libya envoy after rare contentious search [Reuters]

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18th Jun 17: United Nations Secretary-General Antonio Guterres was set to name a former Lebanese culture minister as new U.N. envoy to Libya, ending an unusually contentious four-month search that followed U.S. rejection of his first suggestion.

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Libya's NOC, Wintershall strike interim deal to resume production [Reuters]

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13th Jun 17: Libya's National Oil Corporation (NOC) and German oil and gas company Wintershall have agreed an interim arrangement to resume production in Libya, the NOC said on Tuesday, a step forward in a dispute that was shutting in up to 160,000 barrels per day (bpd) of output.

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UN Panel of Experts on Libya issues its final report

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13th Jun 17:

Letter dated 1 June 2017 from the Panel of Experts on Libya established pursuant to resolution 1973 (2011) addressed to the President of the Security Council

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New radio navigation systems for Libyan airports [Libya Herald]

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12th Jun 17: Libya Telecom (LT) says it is supplying and installing combined radio navigation systems known as VOR/DME, initially to Mitiga, Benina, Tobruk and Labraq airports.

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Libya’s growing shadow economy threatens more destabilisation says report [Libya Herald]

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10th Jun 17: A dangerous black market is growing across Libya that disproportionately affects an already vulnerable population and threatens to further destabilize the fragile economy. 

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Desire for secure and peaceful future remains strong in Libya, Security Council told [UN News Centre]

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8th Jun 17: Noting positive changes in the situation on the ground in Libya as a result of the Libyan Political Agreement, the United Nations envoy for the country highlighted that despite challenges, the desire for peace, security and a better future remain strong among the people and urged sustained international support for national efforts.

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Does the road to stability in Libya pass through Cairo? [Ecfr.eu]

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5th Jun 17: Ultimately, the road to stability in Libya does pass through Cairo, but most importantly through Tripoli and Misrata.

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Oil Bears Can't Count on Libya as Expat Exodus Hinders Recovery [Bloomberg]

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5th Jun 17: The rapid increase in Libya’s oil production is heading toward a hard ceiling.

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Too early to reduce oil production caps on Nigeria, Libya – OPEC [Premium Times]

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2nd Jun 17: The Organisation of Petroleum Exporting Countries, OPEC, on Thursday said it is too early to determine when production caps should be imposed on Nigeria and Libya.

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LIA reports low revenues of US$ 331 in 2016 [Libya Herald]

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31st May 17: The Libyan Investment Authority (LIA) has reported that it had made returns of US $ 331 million in 2016. The claim came from the Media Department representing Ali Mahmoud, the Head of the Steering Committee of the LIA appointed in August 2016 by Faiez Serraj, head of the internationally-recognized Presidency Council and Government of National Accord.

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Oil falls as rising Libyan, U.S. output undermines cuts [Reuters]

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31st May 17:

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $49.15 per barrel, down 51 cents, or 1 percent, from their last settlement.  Traders said the price declines were a result of higher output in conflict-torn Libya, which was adding to a relentless rise in U.S. production.

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Moscow's Presence in Libya is a New Challenge for the West [Chatham House]

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30th May 17: Russian involvement in Libya is designed to establish a new zone for leverage – putting pressure on the West and on regional powers. 

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U.S. envoy endorses Libya's U.N.-backed government in whirlwind visit to Tripoli [Reuters]

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24th May 17: The U.S. ambassador to Libya pledged Washington's support for its U.N.-backed government on Tuesday and urged rival factions to avoid civil war, during the first, fleeting visit to the country by a U.S. envoy in nearly three years.

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France under Macron signals shift in Libya policy, towards Haftar [Reuters]

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19th May 17: France said on Thursday it was reviewing its position on the Libyan conflict and for the first time openly called for a united national army that included eastern militia commander Khalifa Haftar to battle Islamist militants.

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Libya's NOC chief defiant in dispute with Tripoli government, Wintershall [Reuters]

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18th May 17: The head of Libya's National Oil Corporation (NOC) said he was determined to fend off an attempt by the U.N.-backed government to appropriate energy sector powers and said settling a dispute with Germany's Wintershall over a contract was a "top priority".

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SocGen Faces U.K. SFO Probe Into Libya Bribery Allegations [Bloomberg]

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15th May 17: The U.K. Serious Fraud Office sought documents as part of a “pending” probe into a dispute between Societe Generale SA and the Libyan Investment Authority, days after the bank agreed to pay 963 million euros ($1.06 billion) to resolve a related civil-bribery lawsuit.

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Germany boosts UNICEF’s drive to support 30,000 displaced Libyan children [Libya Herald]

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14th May 17: The German government is giving €6.5 million to the United Nations Children’s Fund  (UNICEF) for its programme to help the 30,000 children who have been displaced or otherwise affected by the conflict in Libya.

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Boris Johnson: This is a moment of hope for Libya. We can’t afford to miss it [Spectator]

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11th May 17: This once-great country can have a great future. All it takes is political will, and the courage to compromise.

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Libya is in need of investment to stabilise the whole region [Libya Herald]

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10th May 17: On the opening day of the Libya Investment Summit in Istanbul 9-11 May, Issa Twejri, former Minister of Planning and member of the UN Libya Experts Forum said that ‘‘Libya is a virgin land of opportunities in a variety of sectors and with a strategic location”.

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NOC’s Sanalla confident Libya will reach oil production targets [Libya Herald]

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6th May 17: Libya’s National Oil Corporation chairman, Mustafa Sanalla has dismissed claims by international oil experts that Libya will be unable to increase its oil production to its intended target of 800,000 bpd in 2017 or even by 2018.

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Boris Johnson meets rivals for power in Libya [Guardian]

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5th May 17: British foreign secretary makes trip to Tripoli to give personal support to peace process involving Fayez Aal-Serraj and Khalifa Haftar

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Breakthrough Libya talks appear to yield deal between rival factions [Guardian]

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4th May 17: Talks between leaders of the two largest rival factions in Libya appear to have reached an outline agreement in probably the most optimistic moment for the war-torn country in many years.

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Libya rivals Sarraj and Haftar meet face to face in Abu Dhabi [The National]

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3rd May 17: The prime minister of Libya’s UN-backed government and the country’s most powerful military commander met in Abu Dhabi on Tuesday for direct talks on ending Libya’s conflict.

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Libya's oil output hits 760,000 bpd, highest since 2014: NOC [Reuters]

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2nd May 17:

Libya's oil production has risen above 760,000 barrels per day (bpd), its highest since December 2014, the National Oil Corporation (NOC) said on Monday.

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Trump 'pushes Libya's Haftar to endorse' UN-backed government [The New Arab]

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1st May 17:

US President Donald Trump has pressed for Libyan military strongman Khalifa Haftar to pledge support for the UN-backed Unity government, an Egyptian official has told The New Arab.

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NATO looks to rebuild Libyan defence ministry and intelligence services [Libya Herald]

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30th Apr 17: NATO is to send a team to Libya to help re-build state institutions, according to Jens Stoltenberg, the organisation’s Secretary-General.

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