Libya’s vote to suspend Russia from UNHCR stands out
Libya joined 92 other countries at the UN General Assembly (UNGA) in voting to suspend Russia from the UN Human Rights Council (UNHCR) as punishment for its aggression — including actions that have been widely described in the international community as ‘war crimes’ —...
Stalemate as Libya once again has two competing governments
Libya is currently enveloped in chaos, as the incumbent Government of National Unity’s (GNU) Prime Minister Abdulhamid Dbeibah and the parallel self-styled Government of National Stability’s (GNS) chosen premier, Fathi Bashagha, are continuing it slug it out for...
Sanalla condemns lack of funding for Libya’s oil sector
The National Oil Corporation’s (NOC) chairman Mustafa Sanalla held a press conference in Tripoli where he once again condemned the lack of state funding for the oil and gas sector. He claimed that last year the corporation only received 11% of the funds that had been...
2021 expenditure data reignites Libya’s blame game
The Central Bank of Libya has announced that last year’s foreign currency receipts totalled US$22.9 billion while expenditures was US$24.5 billion with the bank using its own reserves to cover the deficit. Around 97% of revenues — LD103.4 billion (US$22.5 billion) —...