Libya’s National Oil Company (NOC) plans to increase the country’s oil production to 2 million barrels per day over the next five years, company chief Farhat Bengdara announced Tuesday (photo, top, by Anadolu).
Pipelines with Greece and Egypt
In an interview with SkyNews Arabia on the sidelines of an industry conference in Abu Dhabi, Bengdara also said he expects production revenue this year to reach between US$35 billion and US$37 billion.
He assured that the NOC does not expect any interruption in oil production because “there is an understanding that oil should not be used as a lever for political gains.”
He, in another interview with the Dubai TV station CNBC Arabiya, said that the creation of two new natural gas pipelines is under consideration. One will head to the Egyptian city of Damietta and the other to Greece.
Libya's National Oil Corporation is examining a project proposal of creating two gas pipelines to connect with #Greece and the Egyptian city of #Damietta, NOC chief Farhat Bengdara tells CNBC Arabia
The #Libya Update pic.twitter.com/JM9LoJ3B6i
— The Libya Update (@TheLibyaUpdate) November 1, 2022
He also said that these pipelines will operate in parallel with the existing one to Italy and did not rule out the possibility that his country would request to join the Eastern Mediterranean Natural Gas Forum (EMGF), in which the countries of the region participate (Egypt, Greece, Cyprus, Israel, Italy, Jordan, Palestine are the founding members) excluding Turkey.
And he added, among other things, that NOC is going to sign with Italy’s Eni investments in the order of 8.6 billion dollars for research in fields in the Mediterranean and western Libya.
Haftar threatens
After a month of silence, Marshal Khalifa Abu al-Kamim Haftar, took a stand on the recent agreement signed by Ankara with Libya’s interim prime minister Dbeiba, and attacked Turkey, which he described as a colonial Ottoman Empire, backward, unfair, hateful and despicable.
بعد صمت دام شهر.. القائد العام المشير خليفة أبو القاسم حفتر يهاجم الاتفاقية البحرية، ويصف #تركيا بالدولة العثمانية المستعمرة المتخلفة الجائرة البغيضة اللئيمة. pic.twitter.com/GiQ6RHimYU
— ليبيا لايف (@libyalive218) November 1, 2022
On the occasion of his visit to Al Jufra, he emphasized that remarkable chapters were written in the region against the colonial, backward, unjust and hated Ottoman, with caravans of martyrs.
He added: “We will fight those who put their soldiers and mercenaries on our land, greedy for our wealth, taking advantage of the extraordinary circumstances our country is going through, to make shameful deals with traitors and agents, who sold the homeland and their honor for power and money.
“My sons and I crave death more than life, that our beloved Libya may remain free and proud, and that we may defend her borders, by land, sea, and air, with our soul and blood, this earth is our life.
Egypt is more interested
Moreover, the head of the Foreign Affairs Committee of the Libyan Parliament, Khaled al-Akouri, supported Egyptian Foreign Minister Sameh Shoukry’s statements against the Libyan interim government based in Tripoli, saying that Egypt is more interested in Libya than some Libyans.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Societe Generale Says Greek Stock Market Appealing
The French multinational bank and financial services company firm highlights notable differences in equity risk premiums between Eurozone core and peripheral countries
Greece a Safe Destination, Says Tourism Minister Kefalogianni
The Minister noted that Santorini was geologically unique, reassuring everyone that the Tourism Ministry was in close cooperation with experts to monitor the situation and take appropriate measures
Life Expectancy Rise in Europe Slows Down – Greece, UK Record Highest Declines: Lancet Medical Journal
Poor diet and lack of physical activity are seen as key factors contributing to the negative trend.
Capital Ship Management and Lloyd’s Register Complete the World’s First Tanker On-shore Power Supply Compatibility Assessment
This innovative project marks a significant step forward in the transition towards sustainable port operations
Greek Airports See 12.6% Surge in Passenger Traffic in January 2025
The steady extension of the tourist season is fueling optimism, highlighting Greece’s strong position as a top global destination
Greek Foreign Minister Gerapetritis to Meet U.S. Counterpart Rubio in the U.S.
Greek FM Gerapetritis will be in the U.S. to speak before the United Nations Security Council in New York on Monday and Tuesday, focusing on the war in Ukraine and developments in Syria.
National Bank of Greece (NBG) Stocks Remain Attractive: UBS
In this context, UBS maintains its “buy” recommendation with a price target of €11.20.
Int’l Tender for Port of Volos Cancelled
Highest bidder was Thessaloniki Port Authority, with an offer of 51 million euros
E-Transactions in Greece Up 10.7% in 2024, YOY
Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes
Greek-Egyptian Energy MoU Signed in Cairo at EGYPES 2025
The signing of the MoU aims to advance the two countries’ cooperation concerning Carbon capture and storage (CCS)
![Τουρισμός: Τα απανωτά ρεκόρ και ο αστερίσκος της Σαντορίνης – Το στοίχημα της σεζόν [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/01/tourismos-90x90.jpg)
![Αεροδρόμια: «Πέταξε» η επιβατική κίνηση – Άνοδος 12,6% τον Ιανουάριο του 2025 [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/02/ot_touristas_aerodromio-90x90.png)
