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.
Latest News
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.