Libya is the second petroleum producer in Africa right after Nigeria and before Algeria. Having also the biggest natural reserve of petroleum in Africa it was a surprise to see long waiting line at petrol stations in the countries capital for the past few days. All over Tripoli people are patiently waiting for hours just [...]
Mid-week this week, oil from Ras Lanuf will be exported after it commenced its activities at the end of the revolution. Known to be the country’s largest refinery, Ras Lanuf started operating last week and it has the capacity of processing 220,000 barrels of oil per day. The first cargo of 45,000 tons will be [...]
As Libya is recovering from a civil war that ended with the ouster last year of Moammar Gadhafi and as its oil is flowing again amid high crude prices, its economy is likely to record a skyrocketing growth of nearly 117 per cent this year. The prediction was made by the International Monetary Fund in [...]
Protesters in Benghazi have attacked the High National Election Commission (HNEC) in there with the parliamentary elections to be held in a weeks’ time. The protesters demanded for a greater autonomy of Libya’s eastern region and a larger share of seats in the parliament. They want a semi-autonomous region with first calls surfacing in March. [...]
Jordan has called on Libya to pay up its hospitals bills after it has treated wounded citizens of the revolution. Fawzi Hammuri, head of Jordan’s Private Hospitals Association, claims that Libya owes Jordan more than $105 million after “around 40 out of Jordan’s 60 private hospitals treated more than 55 000 Libyans in the past [...]
“Law 37″ which was passed by the National Transitional Council’s Legal Committee a month ago has been branded unconstitutional by Libya’s Supreme Court during a short session. The law considers the “praising or glorifying Muammar Gaddafi, his regime, his ideas or his sons… is punishable by a prison sentence” varying from three to fifteen years [...]
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