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| Libya: Oil, Gas Revenues Total $54.9 Billion in 2012 |
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Libya’s oil and gas revenues have reached $54.9 Billion, a huge amount of cash money for reconstruction of the country. A new oil discovery has also been announced by Arabian Gulf Oil Company in southwest Libya.
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| Libyan Economy the Fastest Growing in the World |
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The Libyan economy will be the fastest growing in the world in 2012, as oil production and exports have rebounded faster than originally predicted, Business Monitor International reports in its latest publication Algeria & Libya: Business Forecast Report which includes a 10-year forecast to 2020.
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| Libya: Largest Refinery Starts Production |
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Libya's largest oil refinery of Ras Lanuf, has resumed operating after shutting down since last year.The refinery, which accounts for well over half of the country's oil processing capacity, was offering two cargoes of jet fuel for loading in September.
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| Wintershall Executive Expects Full Libyan Production in 2Q 2013 |
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Wintershall AG said Thursday it expected its Libyan production to rise in 2013 to the prewar level of 100,000 barrels per day, and perhaps even higher.
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| Total E & P Eager to Invest Widely in Libya, Takes Advantage of Libyan Economic Surge this Year |
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Vice President of TOTAL E&P; North Africa said despite security concerns in Libya TOTAL has managed to work in Tripoli as well as on the fields, both safely and efficiently. The surge of Libyan economy by 117 percent this year is to be met by re-starting exploration activities.
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| Dubai’s Belhasa Group Opens in Branch in Tripoli |
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Following the recent launching of a branch officie in the Libyan capital, Tripoli of the Belhasa Trading and Development, a subsidiary of the Belhasa Group of Companies, has recently opened a branch office in Libyan capital of Tripoli. Samer Malkawi, managing director of the Libyan office said that Libya is a promising country with a high potential for any type of businesses.
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| Emirates Resumes Services Into Tripoli |
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AS of October 29, Emirates, one of the world's fastest growing airlines, is to restart flights to Tripoli, illustrating Libya’s importance in Emirates' global network and the airline's commitment to the country.
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| Business Opportunities in Libya: Positive Outlook for Foreign Companies |
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There are extensive business opportunities in Libya for foreign companies even though the country still faces many challenges including endemic corruption and smuggling which accounts for 40 percent of GDP and is equivalent to the defence budget. This is of great concern to Libya’s neighbours and to Libya itself.
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| LISCO Misurata Resumes Production of Reinforced Steel and Iron |
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The Libyan Iron and Steel company, LISCO, has announced that all production of reinforced steel and iron has resumed and is now available.
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| EU-Libya Chamber of Commerce Director General : Squaring the Circle in Long Relationship with Libya |
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At the beginning of this year, the EU-Libya Chamber of Commerce was launched in order to help companies throughout the European Union that wished to establish themselves in Libya on a one to one basis. What follows is an interview KAREN DABROWSKA, The Tripoli Post's UK correspondent carried with the organisation's Director General, Mr Claudio Cassuto who first outlined a brief history of the Chamber and explained the aims and objectives why it was formed.
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| AfDB supports Gabon Renewable Energy Sector with €57m loan |
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The African Development Bank approved loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The goal is to increase generating facilities from 373 MW to 1200 MW by 2020.
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| Elections Vital First Step to Restarting Libyan Economy |
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Libya's recent elections were a vital first step to restarting the economy, exploiting the oil wealth, attracting investment and improving the lives of the population. The country is being coaxed into a new era of political, social and economic development.
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| Foreign Contractors in Libya: Resorting to Force Majeure under Libyan Law |
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Gaddafi regime triggered the violent acts that rendered normal life impossible in Libya. This forced international contractors to cease their performance under contracts signed with the Libyan government. Therefore, international contractors are entitled to claim force majeure as a defense of nonperformance.
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| Denmark Trade and Business Delegation to Visit Libya in September |
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Come September, the Danish Minister of Trade and Investment, Pia Olsen Dyhr, will head an official Danish business delegation to Tripoli.
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| Libya Demands Compensation of $1.7B from Goldman Sachs, Societe Generale |
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Libyan Investment Authority insists on reviewing how Goldman Sachs and Societe Generale managed of Libyan investments worth $1.7 billion including one single investment loss of $900 million with Goldman Sachs.
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