
Mohamed Al-Shahoubi, the Minister of Transport and Financial Advisor to the Prime Minister, hosted a Russian economic delegation at the Ministry's Tripoli headquarters. The meeting, attended by undersecretaries, ambassadors from both nations, and the Director of the European Department at the Libyan Ministry of Foreign Affairs, focused on strengthening bilateral cooperation. Discussions covered transportation, infrastructure, logistics, and opportunities for economic and investment collaboration. A key agenda item was reactivating the Libyan-Russian Joint Committee, which Al-Shahoubi heads on the Libyan side, to advance cooperation and implement existing agreements. Both parties stressed the importance of ongoing coordination, consultation, and expertise exchange to support development, enhance the transport sector, and strengthen economic ties.
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This summary was AI-generated from a story originally published by Libya Herald.

A delegation from Italian companies specializing in tuna processing machinery and marine fishing equipment met with the Libyan Industry Union LIU and the Undersecretary of the Ministry of Marine Resources in Tripoli. The LIU stated that this meeting is part of its efforts to expand international cooperation and introduce modern technologies to develop Libya's private industrial sector in fish product canning and marine fishing. The LIU views this as a strategic starting point for cooperation to benefit the national economy and help local fishermen and companies achieve global production standards.
Must ReadLibya's National Oil Corporation NOC announced that total daily production has reached 1,487,723 barrels, with crude oil production at 1,438,560 barrels and condensate production at 49,163 barrels per day. This marks the highest production rate recorded since 2013, moving the NOC closer to its goal of producing 1.5 million barrels of crude oil per day. NOC Chairman Masoud Suleiman commended the efforts of local companies and their employees during a meeting at the NOC's Tripoli headquarters. He acknowledged their dedication despite challenges and emphasized the need to maintain this momentum to reach the target rate by the end of 2026, aiming to support the Libyan economy and national development.

Abdel Nasser Najm, Chairman of the Benghazi branch of Libya鈥檚 Privatization and Investment Board PIB, met with a delegation from China's KEDA Industrial Group. The meeting aimed to attract and localize foreign investment within projects operating under the Libyan Investment Law. Ahmed Al-Oraibi, Director of the PIB鈥檚 Investment Department, provided details on the Investment Law and investor services. The PIB highlighted that the visit from KEDA, a large Chinese industrial group, comes amidst reconstruction efforts in Libyan cities, creating investment opportunities in engineering consulting, construction, and technology transfer. The PIB seeks to support the national economy and position Libya as an appealing investment destination for major foreign companies, aiming to create jobs and enhance skills for Libyan nationals. KEDA Industrial Group operates in over twenty countries, with an annual revenue exceeding two billion dollars and employing twenty thousand people globally.