Libyan PM says resumption of oil production to improve economy

STORY: Libyan PM says resumption of oil production to improve economy DATELINE: July 22, 2022 LENGTH: 00:02:16 LOCATION: Tripoli CATEGORY: POLITICS SHOTLIST: 1. various of the press conference STORYLINE: The recent resumption of oil production and exports would improve the country's economy, Libyan Prime Minister Abdul-Hamed Dbeibah said on Wednesday. Oil exports resumed on Wednesday as an oil tanker loaded 600,000 barrels of crude oil from Libya, the government's spokesman Mohamed Hamuda quoted Dbeibah as saying at a press conference, adding that the production would increase daily. The state-owned National Oil Corporation (NOC) on Friday announced the reopening of the country's oil fields and ports after nearly three months of closure by protesters who demanded Dbeibah hand over power to the government appointed by the parliament in March. Oil and gas constitute a major source of Libya's revenue. However, the sector has suffered over the past years from armed conflict and closures of oil fields and po

Libyan gov't says 210 mln USD spent to maintain power plants

STORY: Libyan gov't says 210 mln USD spent to maintain power plants DATELINE: July 5, 2022 LENGTH: 00:02:00 LOCATION: Tripoli CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of correspondents reporting the conference STORYLINE: The Government of National Unity in Libya on Monday said it has allocated 1 billion Libyan dinars (about 210 million U.S. dollars) over the past two years to maintain the country's power plants. "All the power plants in the country need maintenance. Some plants were not maintained for over 15 years," Mohamed Hamuda, the government spokesman, told a press conference in the capital Tripoli after a cabinet meeting. Some new power plants have not been used yet for "security and technical reasons," he said. Libyans tend to suffer a 14-hour power cut on a daily basis, especially during the summer, amid years of armed conflict and instability in the North African country. Xinhua News Agency correspondents reporting from Tripoli. (XHTV)