Via Nova News, an article on a planned economic forum between Libya and China: The Minister of Economy and Trade of the Government of National Unity (GUN) of Libya, Mohamed al Hawaii, met with members of the Board of Directors of the Libyan-Chinese Joint Economic Chamber to discuss, among other things, a Libyan-Chinese economic forum in […]
Read more »Via The Africa Report, commentary on why Egypt and Turkey’s economic rapprochment needs Libya: After ten years of a consistently tense diplomatic relationship, Cairo and Ankara have buried the hatchet to start afresh. Will this reconciliation be enough to boost their weakening economies? In the current global political climate, both Egypt and Turkey are suffering economically. To […]
Read more »Courtesy of Bloomberg, a report on the estimated $5 billion trade in smuggled fuel — much of it coming from Russia: On a clear morning in September 2022, the Queen Majeda, a faded blue and white tanker loaded with marine gas oil worth more than $2 million, left the Libyan port of Benghazi and set off for Porto […]
Read more »Via Quartz, an report that Africa will be responsible for over 11% of all gas supplies by 2050: Africa’s gas share in the global market will increase to over 11% of all gas supplies by 2050, according to a report by Gas Exporting Countries Forum (GECF), from 6% in 2021. Production is projected to increase from […]
Read more »Via Business Insider Africa, a report on African GDP projections for 2023: Business Insider presents the top 10 African countries with the highest GDP projections for 2023. This list is courtesy of a bi annual report from the Africa Development Bank. The bank notes that Africa would perform better economically, than what has been predicted […]
Read more »Via Eurasia Review, a report on Eni’s strategic project aimed at increasing gas production to supply the Libyan domestic market as well as to ensure export to Europe: Eni CEO, Claudio Descalzi, and the CEO of the National Oil Corporation of Libya (NOC), Farhat Bengdara, agreed Saturday on the development of “Structures A&E”, a strategic project […]
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