🇱🇾 Sixty-one migrants drown after shipwreck off Libya
Sixty-one migrants drowned following a "tragic" shipwreck off Libya, the International Organization for Migration (IOM) in Libya said.
The organization quoted survivors as saying the boat, carrying around 86 people, departed the Libyan city of Zwara.
#Libya
@africaintel
Sixty-one migrants drowned following a "tragic" shipwreck off Libya, the International Organization for Migration (IOM) in Libya said.
The organization quoted survivors as saying the boat, carrying around 86 people, departed the Libyan city of Zwara.
#Libya
@africaintel
🇮🇹🇱🇾 Italy to evacuate 1,500 more refugees from Libya
The Italian government will take in 1,500 refugees and asylum seekers from Libya over the next three years, following an agreement with the UN's refugee agency.
The latest deal is an extension of previous resettlement initiatives, in which Italy evacuated 1,300 refugees and asylum seekers from Libya.
Among those who have already been resettled in the previous programmes include refugees and asylum seekers who had moved to Libya from other African countries.
UNHCR said it welcomed the evacuation deal as it provided "a critical lifeline for refugees and asylum seekers facing heightened protection risks".
#Italy #Libya
@africaintel
The Italian government will take in 1,500 refugees and asylum seekers from Libya over the next three years, following an agreement with the UN's refugee agency.
The latest deal is an extension of previous resettlement initiatives, in which Italy evacuated 1,300 refugees and asylum seekers from Libya.
Among those who have already been resettled in the previous programmes include refugees and asylum seekers who had moved to Libya from other African countries.
UNHCR said it welcomed the evacuation deal as it provided "a critical lifeline for refugees and asylum seekers facing heightened protection risks".
#Italy #Libya
@africaintel
🇱🇾 Libya's stock market resumed trading after more than 9 years of closure
Libya's Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation.
The prime minister of the Government of National Unity Abdulhamid al-Dbeibah and the market's chairman of board of directors Bashir Mohamed Ashour with other officials rang the bell to announce the resumption of trading.
The stock market also has a trading hall in Libya's second city of Benghazi where trading is expected to resume next week.
Dbeibah said the bourse was "one of the means to improve the Libyan economy".
#Libya
@africaintel
Libya's Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation.
The prime minister of the Government of National Unity Abdulhamid al-Dbeibah and the market's chairman of board of directors Bashir Mohamed Ashour with other officials rang the bell to announce the resumption of trading.
The stock market also has a trading hall in Libya's second city of Benghazi where trading is expected to resume next week.
Dbeibah said the bourse was "one of the means to improve the Libyan economy".
#Libya
@africaintel
🇱🇾🛢 Libya's NOC declares force majeure at Sharara oilfield
Libya's National Oil Corporation (NOC) on Sunday declared a force majeure with immediate effect at its Sharara oilfield, which can produce up to 300,000 barrels per day, due to protests in the area.
Libya's oil output has been disrupted repeatedly in the chaotic decade since the 2011 NATO-backed uprising against its former leader Muammar Gaddafi.
NOC said in a statement that the Sharara closure has suspended crude oil supplies from the field to Zawiya terminal.
The Sharara field, one of Libya's largest, has been a frequent target for local and broader political protests.
Negotiations are ongoing to resume production as soon as possible, NOC said.
#Libya
@africaintel
Libya's National Oil Corporation (NOC) on Sunday declared a force majeure with immediate effect at its Sharara oilfield, which can produce up to 300,000 barrels per day, due to protests in the area.
Libya's oil output has been disrupted repeatedly in the chaotic decade since the 2011 NATO-backed uprising against its former leader Muammar Gaddafi.
NOC said in a statement that the Sharara closure has suspended crude oil supplies from the field to Zawiya terminal.
The Sharara field, one of Libya's largest, has been a frequent target for local and broader political protests.
Negotiations are ongoing to resume production as soon as possible, NOC said.
#Libya
@africaintel
🇱🇾🛢 Protesters in Libya threaten to shut down oil and gas facilities
Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum that ends on Friday.
The group called the Corruption Eradication Movement said in a video statement online that it would "stop the pumping of gas from the Mellitah complex", a joint venture between Libya's National Oil Corporation (NOC) and Italy's Eni.
Any halt would disrupt the supply of gas through the Greenstream pipeline between Libya and Italy.
The protesters demanded the removal of NOC Chairman Farhat Bengdara over what they called “violations amounting to the level of crime". They also demanded Bengdara be prevented from concluding any oil and gas agreements.
Other demands included job opportunities for young people in areas near the oil facilities and preventing environmental pollution.
#Libya
@africaintel
Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum that ends on Friday.
The group called the Corruption Eradication Movement said in a video statement online that it would "stop the pumping of gas from the Mellitah complex", a joint venture between Libya's National Oil Corporation (NOC) and Italy's Eni.
Any halt would disrupt the supply of gas through the Greenstream pipeline between Libya and Italy.
The protesters demanded the removal of NOC Chairman Farhat Bengdara over what they called “violations amounting to the level of crime". They also demanded Bengdara be prevented from concluding any oil and gas agreements.
Other demands included job opportunities for young people in areas near the oil facilities and preventing environmental pollution.
#Libya
@africaintel
🇱🇾🛢 Libya oil facility protesters' shutdown deadline extended by 24 hours
Protesters who have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli have extended the deadline by 24 hours for talks with mediators, a spokesman for the group said on Friday.
Protesters have threatened to shut down the facilities, with one group campaigning against corruption issuing a 72-hour ultimatum that ended on Friday.
The two facilities are the Mellitah complex and the Zawiya refinery.
Mellitah is a joint venture between Libya's National Oil Corporation (NOC) and Italy's Eni. If the complex is closed, that would disrupt the supply of gas through the Greenstream pipeline between Libya and Italy.
Salem Mohamed, the spokesman for the protesters, a group called the Corruption Eradication Movement, said that they decided to extend the deadline to continue negotiations with the six-person mediation team.
#Libya
@africaintel
Protesters who have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli have extended the deadline by 24 hours for talks with mediators, a spokesman for the group said on Friday.
Protesters have threatened to shut down the facilities, with one group campaigning against corruption issuing a 72-hour ultimatum that ended on Friday.
The two facilities are the Mellitah complex and the Zawiya refinery.
Mellitah is a joint venture between Libya's National Oil Corporation (NOC) and Italy's Eni. If the complex is closed, that would disrupt the supply of gas through the Greenstream pipeline between Libya and Italy.
Salem Mohamed, the spokesman for the protesters, a group called the Corruption Eradication Movement, said that they decided to extend the deadline to continue negotiations with the six-person mediation team.
#Libya
@africaintel
🇱🇾 Derna flooding disaster in Libya could have been avoided, experts conclude
The results of the judicial inquiry into the Derna disaster in Libya show that the dams that gave way last September were fragile.
Libya’s Attorney General Al-Siddiq Al-Sour on Sunday said at least 25 experts were "unanaminous in their assesment that negligence led to the disaster".
The results said that the disaster could have been avoided if the recommendations made since 2003 to maintain these dams and build a third had been applied.
Massive flooding devastated much of the northeastern Libyan city on September 10 and 11, leaving 4,540 people dead, according to official figures.
#Libya
@africaintel
The results of the judicial inquiry into the Derna disaster in Libya show that the dams that gave way last September were fragile.
Libya’s Attorney General Al-Siddiq Al-Sour on Sunday said at least 25 experts were "unanaminous in their assesment that negligence led to the disaster".
The results said that the disaster could have been avoided if the recommendations made since 2003 to maintain these dams and build a third had been applied.
Massive flooding devastated much of the northeastern Libyan city on September 10 and 11, leaving 4,540 people dead, according to official figures.
#Libya
@africaintel
Forwarded from Song of Oil and LNG
🇱🇾🛢Resumption of Oil Production at Al-Sharara Field as Libya Lifts Force Majeure
After three weeks of halted production, the Libyan state-owned National Oil Corporation (NOC) has officially terminated the force majeure regime at the Esh-Sharara, the country's largest oil field. The NOC made the announcement regarding the resumption of oil production on their social network page.
The decision to lift the force majeure regime followed a meeting between residents of the Fezzan province, who had been blocking the oil production territory, and NOC head Farhat Bengdar. Reports from local media indicate that Bengdar agreed to meet the demands of the Fezzan residents, leading to the removal of the blockade from the al-Sharara field.
Residents of Fezzan have previously employed the tactic of blocking oil fields to exert pressure on the government. This time, their grievances included complaints about inadequate gas and fuel supply to the province, a low standard of living, and an increase in smuggling activities.
In the event that their demands were not met, the protesters had issued a threat to block another significant oil field, El-Fil. Both Al-Sharara and El-Fil fields had experienced blockades last summer, with protesters demanding the release of Libya's former finance minister from detention.
#Libya #oil
@songofoil
After three weeks of halted production, the Libyan state-owned National Oil Corporation (NOC) has officially terminated the force majeure regime at the Esh-Sharara, the country's largest oil field. The NOC made the announcement regarding the resumption of oil production on their social network page.
The decision to lift the force majeure regime followed a meeting between residents of the Fezzan province, who had been blocking the oil production territory, and NOC head Farhat Bengdar. Reports from local media indicate that Bengdar agreed to meet the demands of the Fezzan residents, leading to the removal of the blockade from the al-Sharara field.
Residents of Fezzan have previously employed the tactic of blocking oil fields to exert pressure on the government. This time, their grievances included complaints about inadequate gas and fuel supply to the province, a low standard of living, and an increase in smuggling activities.
In the event that their demands were not met, the protesters had issued a threat to block another significant oil field, El-Fil. Both Al-Sharara and El-Fil fields had experienced blockades last summer, with protesters demanding the release of Libya's former finance minister from detention.
#Libya #oil
@songofoil
🇱🇾 Libya's September flood requires $1.8 bln in recovery funds
Libya's deadly flash flood in September requires $1.8 billion in reconstruction and recovery, an international report said on Wednesday.
Huge swathes of the city of Derna were destroyed in the flood, after heavy rainfall from Storm Daniel crashed through two aging dams, sweeping entire districts into the Mediterranean.
The report by the World Bank, United Nations and European Union said the disaster affected about 1.5 million people or 22% of Libya's population, and cited figures from the U.N. humanitarian agency OCHA of 4,352 confirmed deaths with 8,000 still missing.
The report said the dams' collapse was partly due to their design, based on outdated hydrological information, and partly a result of poor maintenance and governance problems during Libya's conflict.
#Libya
@africaintel
Libya's deadly flash flood in September requires $1.8 billion in reconstruction and recovery, an international report said on Wednesday.
Huge swathes of the city of Derna were destroyed in the flood, after heavy rainfall from Storm Daniel crashed through two aging dams, sweeping entire districts into the Mediterranean.
The report by the World Bank, United Nations and European Union said the disaster affected about 1.5 million people or 22% of Libya's population, and cited figures from the U.N. humanitarian agency OCHA of 4,352 confirmed deaths with 8,000 still missing.
The report said the dams' collapse was partly due to their design, based on outdated hydrological information, and partly a result of poor maintenance and governance problems during Libya's conflict.
#Libya
@africaintel
🇮🇳🇱🇾 Oil India looking at return to Libya
Oil India, opens new tab is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told.
"Because of some issues there was a haitus. There is a resumption of talks," Oil India chairman Ranjit Rath told.
"We have a long-term risk-taking ability for overseas assets, Rath said.
Earlier in the day, a Reuter's source familiar with the matter said that the company was looking for more foreign assets and is in talks to restart drilling in Libya.
Shares of the state-run oil explorer jumped as much as 12.4% to a record high of 516.40 rupees on Tuesday.
The source said the company was in talks over two blocks in Libya, without giving a timeline for a possible deal.
#India #Libya
@africaintel
Oil India, opens new tab is talks with stakeholders to restart drilling in Libya, thirteen years after the company exited the country due to political instability, a top company official told.
"Because of some issues there was a haitus. There is a resumption of talks," Oil India chairman Ranjit Rath told.
"We have a long-term risk-taking ability for overseas assets, Rath said.
Earlier in the day, a Reuter's source familiar with the matter said that the company was looking for more foreign assets and is in talks to restart drilling in Libya.
Shares of the state-run oil explorer jumped as much as 12.4% to a record high of 516.40 rupees on Tuesday.
The source said the company was in talks over two blocks in Libya, without giving a timeline for a possible deal.
#India #Libya
@africaintel