Including the third largest field in the world: Get to know Iran’s oil facilities.
The country possesses numerous oil production and refining facilities, which produce more than 3 million barrels of crude per day, but it faces many obstacles in exporting this production due to American sanctions. The administration of the U.S. President recently imposed sanctions on 29 ships and ship management companies, which it stated operate as part […]
United States seizes oil tanker off Venezuela.
The United States has seized an additional oil tanker off the coast of Venezuela, according to American media reports on Saturday, as the administration of President Donald Trump intensifies its pressure on Caracas by imposing an oil blockade. Last week, U.S. forces seized a first oil tanker off the coast of Venezuela, an operation denounced […]
Japan aims for $19 billion in projects in Central Asia over five years.
Japan revealed on Saturday a five-year target to implement business projects worth $19 billion in Central Asia, as part of Tokyo’s efforts to enhance its influence in this resource-rich region. The announcement came after Prime Minister Sanai Takayeshi hosted the first summit bringing together the leaders of the five Central Asian nations (Kazakhstan, Kyrgyzstan, Tajikistan, […]
Interest rate cut in Russia amid slowing growth.
Russia’s central bank cut its key interest rate from 16.5% to 16% on Friday, amid slowing growth as the Russian economy suffers the consequences of the attack on Ukraine and Western sanctions. The central bank said in a statement: «On December 19, 2025, the Board of Directors of the Bank of Russia decided to cut […]
Ukraine announces targeting a Russian oil tanker with drones in the Mediterranean Sea.
Flames rise from an oil tanker after explosions rocked two ships from the Russian shadow fleet in the Black Sea near the Turkish Bosphorus Strait (Archive: Reuters) A source in the Ukrainian security service reported on Friday that Kyiv has carried out, using drones, a strike of a first-of-its-kind on an oil tanker belonging to […]
How much will Egypt earn from reselling Israeli gas?
A high-level Egyptian official has revealed massive financial returns that Egypt will reap over the next ten years from the resale of Israeli gas, in a strategic deal that has captured the interest of both economic and political analysts, after Tel Aviv officially approved the agreement last week. It was explained that Egypt will receive […]
EU summit fails to seize Russian assets.
The European Union summit in Brussels, which began on December 18, concluded without reaching a decision on seizing frozen Russian assets. Global media described this move as a «failure, political division, and a collapse of European leadership.» It was confirmed upon arrival that the summit would not end until the issue of funding for Ukraine […]
Prices of the dollar, euro, pound, and gold at the close of the parallel market on December 20, 2025
Saturday, December 20, 2025, trading in the parallel market concluded with a continued rise for the US dollar against the Libyan dinar, closing in Tripoli at 8.58 dinars. In Zliten, the closing price was recorded at 8.60 dinars, while trading was halted in Benghazi, reflecting a slight disparity between cities amid a general upward trend. […]
New health crisis drives up poultry prices in Libyan markets.
The Ministry of Agriculture and Livestock of the government mandated by the House of Representatives announced it is monitoring cases of poultry flock deaths in Benghazi and a number of municipalities, following suspicion of infection with Newcastle disease and infectious bronchitis. Laboratory tests have confirmed 18 positive samples. Infection Details Animal health offices in Al […]
The General Electricity Company explains the reasons for the power outage in Tobruk.
The Tobruk Distribution Department of the General Electricity Company announced that the partial power outage and collapse of the electrical grid in the city of Tobruk is due to a shortage of supply from the Tobruk power station, resulting from a lack of fuel. The department confirmed that the matter is beyond the company’s control, […]