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Libya Issues New Rules for Foreign Trade Agencies

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Libya’s Ministry of Economy and Trade has introduced new regulations under Decision No. 319 of 2026 to govern foreign commercial agencies in the country.

The rules aim to organize licensing procedures, clarify legal requirements, and improve transparency between local companies and foreign businesses operating in Libya.

Officials said the framework is part of wider efforts to modernize trade laws, improve the business environment, and support fair competition.

The move is also expected to boost investor confidence and encourage more foreign companies to enter the Libyan market.

Libya’s Ministry of Industry Unveils 100-Day Reform Plan to Boost Sector Development

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Libya’s Minister of Industry and Minerals, Mohamed Abdelgader, has reviewed a new 100-day action plan aimed at accelerating reforms and strengthening the country’s industrial and minerals sector.

The plan was discussed during a high-level meeting held in Tajoura, Tripoli, at the Industrial Research Center, with participation from senior ministry officials, board chairpersons, and directors of affiliated institutions.

The initiative focuses on key priorities including institutional capacity building, digital transformation, and improved governance systems, alongside better coordination between state-owned industrial entities to raise efficiency and performance.

Officials also reviewed the current status of affiliated bodies, highlighting both progress made and ongoing challenges, while proposing practical solutions to improve operations.

The meeting further addressed preparations for Libya’s upcoming hosting of the Arab Ministers of Industry meeting, which is expected to strengthen regional cooperation and expand market access for Libya’s private sector across the Arab world.

The minister stressed the importance of implementing the digital transformation agenda and adhering to strict timelines to ensure measurable results aligned with national economic development goals.

Libya and Russia Explore Expanded Economic and Investment Cooperation

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Prime Minister Abdel Hamid Dbeibah received the Chairman of the Russian-Libyan Business Council, Ara A. Abramyan, in Tripoli, in the presence of senior Libyan and Russian diplomatic officials, including the Libyan Ambassador to Russia and representatives from both foreign ministries.

The discussions focused on strengthening cooperation between Libya and Russia across multiple sectors, with particular emphasis on economic ties, investment opportunities, and improved coordination between public and private institutions in both countries.

The meeting also reviewed broader areas of bilateral cooperation and explored new mechanisms to expand partnership, exchange expertise, and enhance mutual interests.

In a related development, a Russian delegation led by Abramyan visited the Misrata Free Zone, where they assessed investment and production opportunities. Both sides discussed potential joint projects and ways to deepen cooperation through the Russian-Libyan Intergovernmental Commission on Trade, Economic, Scientific, and Technical Cooperation.

The visit reflects ongoing efforts to widen economic engagement and attract foreign investment into Libya’s industrial and logistics sectors.

Cultural and Tourism Caravan to Promote Libya’s Heritage and Boost Domestic Tourism

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Libya’s Ministries of Tourism and Culture have announced plans to launch a joint Cultural and Artistic Tourism Caravan aimed at promoting national identity, showcasing Libyan heritage, and supporting domestic tourism.

The initiative was discussed during a meeting between Minister of Tourism and Traditional Industries Nasr al-Din Milad al-Fazani and Minister of Culture and Knowledge Development Salem al-Alam in Tripoli.

The caravan is scheduled to begin its journey from Zuwara toward the eastern region at the end of July, visiting several Libyan cities and historical sites. The programme will feature traditional performances, artistic activities, a mobile book fair, heritage exhibitions, and craft events.

The initiative will include participation from folk groups from Ghadames and Ghat, along with artists, singers, writers, and cultural figures, with the aim of strengthening cultural exchange between Libyan regions and highlighting the country’s rich heritage.

The two ministries said the project reflects cooperation between state institutions and supports efforts to develop sustainable tourism across Libya.

Libya’s Oil Production Hits Highest Level Since 2013, Nearing 1.5 Million Barrels Per Day Target

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Libya’s National Oil Corporation (NOC) announced that the country’s total oil production has reached 1,487,723 barrels per day, marking the highest production level recorded since 2013.

According to the NOC, crude oil production reached 1,438,560 barrels per day, while condensate production stood at 49,163 barrels per day.

The announcement was made during a meeting at the NOC headquarters in Tripoli, where Chairman Masoud Suleiman praised the efforts of Libya’s oil companies and their employees for achieving this milestone despite ongoing challenges.

The NOC said the new production level brings Libya closer to its strategic goal of reaching 1.5 million barrels of crude oil per day, with plans to achieve this target before the end of 2026.

The corporation emphasized that increasing production will help strengthen the Libyan economy and support future development plans.

National Development Authority Signs Contract for Sirte Fuel Depot Project as Part of Strategic Energy Plans

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The Director General of the National Development Authority, Dr. Mahmoud Al-Farjani, has signed the contract for the implementation of the Sirte Fuel Depot Project, one of Libya’s major strategic infrastructure projects.

The project is part of a wider package of strategic initiatives announced last week by Field Marshal Khalifa Abu al-Qasim Haftar, Commander-in-Chief of the Libyan National Army, aimed at strengthening energy security, developing infrastructure, and addressing service challenges across the country.

Signed in the presence of Libyan Minister of Industry Mohammed Al-Saidi, the project is considered one of the largest fuel sector developments in Libya. It aims to establish a modern fuel storage depot to increase national storage capacity and secure a strategic fuel reserve, providing a long-term solution to fuel supply challenges in central and southern regions.

The project is expected to reduce fuel shortages, ease pressure on fuel stations, and support transportation, commercial activity, and essential services.

The Sirte Fuel Depot will include modern storage facilities for gasoline and diesel, along with an integrated system for fuel receiving, storage, pumping, and distribution in line with international technical standards. The storage facilities are scheduled to be completed within 12 months, while the full project is expected to be completed within 14 months.

The National Development Authority stated that the project reflects its strategy of implementing major projects with a direct impact on citizens’ lives, improving energy security, strengthening infrastructure efficiency, and enhancing Sirte’s role as a key logistics hub serving different regions of Libya.

National Development Agency Signs Contract with Turkey’s DEHA TECH for Sirte Fuel Depot Project

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The National Development Agency (NDA) has signed a contract with Turkish company DEHA TECH for the implementation of the Sirte Fuel Depot Project, marking one of Libya’s major strategic energy infrastructure initiatives.

The contract was signed by NDA Director Mahmoud Al-Farjani, in the presence of the Eastern Region Government’s Minister of Industry, Mohammed Al-Saidi. The project is part of a wider package of strategic developments aimed at improving energy security, upgrading infrastructure, and addressing service challenges across Libya.

The Sirte Fuel Depot project is designed to provide a long-term solution to fuel supply challenges in central and southern regions by establishing a modern storage facility that will increase fuel capacity and create a strategic reserve.

According to the NDA, the project will help reduce fuel shortages and long queues at fuel stations while supporting transportation, commercial activity, and essential services.

The project includes the construction of advanced storage facilities for gasoline and diesel, along with an integrated system for fuel receiving, storage, pumping, and distribution, built according to international technical standards. The gasoline and diesel storage facilities are expected to be completed within 12 months, while the full project is scheduled for completion within 14 months.

The NDA stated that the project reflects its strategy of implementing major developments with a direct impact on citizens’ lives, strengthening Libya’s energy security, improving infrastructure efficiency, and positioning Sirte as a key logistics hub serving different regions of the country.

Libyan President Mohamed Al Menfi Appoints New Intelligence Leadership

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Libyan President Mohamed Al Menfi has officially appointed Abdulmajid Elmlegta as the new Intelligence Head for the Western Region Government.

He also appointed Abdelshafi Bouzlaa as Deputy Head of the Intelligence Service, responsible for public affairs and external communication.

The decisions are part of ongoing institutional restructuring aimed at strengthening intelligence coordination, media engagement, and external communication channels.

Libyan Athletes Win Multiple Medals at World Muay Thai Championships in Malaysia

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Libyan athletes achieved strong results at the World Muay Thai Schools and Senior Championships 2026, which concluded in Kuala Lumpur, Malaysia.

The Libyan national team secured several medals, including two gold medals, four silver medals, and two bronze medals across school and senior categories.

In the World Schools Muay Thai Championship, Hossam Munir Al-Habishi and Mohamed Ali Shahboun won gold medals, while Luqman Mohamed Bin Al-Sheikh, Mohamed Abdul-Razzaq Baryoun, and Qais Malik Al-Tashani earned silver medals. Youssef Magdi Nashnoush secured a bronze medal.

In the World Senior Muay Thai Championship 2026, Muayyad Khaled Al-Takbali won a silver medal, while Suhaib Ahmed Al-Mansali earned bronze.

The Libyan Kickboxing, Muay Thai, and Similar Sports Federation praised the athletes and thanked the national coaches Mohamed Al-Maghribi, Abdulbasit Al-Warfali, and Ahmed Al-Malahi for their support and preparation of the team.

Libya Takes Part in Mediterranean Games Committee Meetings in Italy

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Libya is participating in the International Committee of the Mediterranean Games meetings held in the Italian city of Taranto, with Engineer Mohamed Quraimeeda, a member of the committee’s Executive Board, representing Libya.

The meetings brought together representatives from National Olympic Committees across Mediterranean countries to discuss preparations for the upcoming 20th Mediterranean Games, scheduled to be hosted in Taranto from August 21 to September 3, 2026.

Discussions included strengthening cooperation between Olympic committees, developing Mediterranean sporting initiatives, and reviewing preparations for the event. Several decisions were also approved, including the creation of a digital historical database for Mediterranean Games athletes, holding Mediterranean Beach Games every two years starting in 2029, expanding free-to-air broadcasting, and introducing new financial support mechanisms for participating Olympic committees.

Libya’s participation reflects its continued presence in regional and international sports forums and its role in supporting the Olympic movement across the Mediterranean region.