|
|
|
| Oil Protests Cost Libya $30 Billion in Lost Revenues, Central Bank |
|
|
Libya has lost $30 billion in revenues as a result of ten months of protest at oilfields and terminal closures. Oil income stands at one billion Dollar a month now comparing to four to five billions per month before.
|
|
|
|
| NOC Chairman: Higher Production Output and Safety are Highest Priorities of Libya Oil Officials |
|
|
Based on the security challenges that the Libyan Government is dealing with, resuming production whilst ensuring human resources safety are areas of utmost priority for the officials at the Libyan National Oil Corporation, its chairman says.
|
|
|
|
| Excellent Libyan-Austrian economic relationship |
|
|
Libya is recognized as an important Austrian trading partner. Preliminary trade figures for Libyan-Austrian trade in 2013 identify Libya as Austria’s 48th most important trading partner in the world, and more outstandingly 3rd in Africa.
|
|
|
|
| Poor financial resources hold back innovative SMEs in Libya |
|
|
Libya’s economy is being held back by a lack of funds for small and medium-sized enterprises (SMEs) according to a new study by Nottingham Trent University.
|
|
|
|
| Libya to Start Developing Oil Regions, Cities |
|
|
A long awaited and needed move to develop the regions and cities where oil and gas is produced in Libya is said to start soon and practical steps worth billions of dollars have been taken.
|
|
|
|
| International Libya Conference in Istanbul in February |
|
|
A Maltese entrepreneur, John C. Grech, who is chairman of FIMBank Group in Malta, is to chair the Libya Trade & Infrastructure Finance Conference organised by the UK-based event and publishing house Exporta which is due to take place in Istanbul, Turkey on February 6.
|
|
|
|
| Libya Oil Minister Says Current Production Over 650,000 BPD, A Big Jump in Months |
|
|
Libyan oil production has reached over 650,000 bpd on Tuesday and NOC chairman expects oil production will reach its normal level of over 1.5 million barrel per day in a few weeks.
|
|
|
|
| KPMG to Launch New Member Firm in Libya as of the New Year |
|
|
As of January 1, KPMG, which has been operating in the Libyan market for the past seven years through a local representative firm, is launching its new member firm in Libya. KPMG has long intended to upgrade its presence in Libya to a full-service member firm.
|
|
|
|
| USLBA Applauds Signing of US-Libya Trade Agreement |
|
|
The US-Libya Business Association (USLBA) has welcomed the signing of a bilateral Trade and Investment Framework Agreement (TIFA), which calls for the creation of the US-Libya Council on Trade and Investment (The Council).
|
|
|
|
| Libyan Brega Oil Terminal Resumes Loading of Crude |
|
|
A new sign of change to the better in Libya despite current violence, the Libyan oil terminal of Brega has resumed shipping oil to the international market this week and loaded a cargo of crude onto a tanker after a halt that lasted over a month.
|
|
|
|
| New Libyan Airlines, Libyan Wings, Orders 7 Airbus Planes |
|
|
A new Libyan full service airline, Libyan Wings, was launched at the Dubai Airshow on Monday, and it signed a memorandum of understanding to buy seven Airbus aircraft.
|
|
|
|
| Afriqiyah Airways Resumes flights to Paris |
|
|
Afriqiyah Airways resumed flights between Tripoli and Paris on Thursday, the first time since it stopped in February 2011. Afriqiyah says the opening of the Paris flight comes within the company's strategy for expanding and recovering its previous share in the business.
|
|
|
|
| British Airways Increases flights to Tripoli |
|
|
Growing demand by travellers confirms that British Airways provides better services to customers and also allows travellers easier access based on growing interest in the Libyan market.
|
|
|
|
| Etihad Airways Suspends Flights To Libyan Capital, Tripoli |
|
|
With Immediate effect, Etihad Airways, the national airline of the United Arab Emirates, has temporarily suspended its passenger and cargo flights to the Libyan capital, Tripoli, effective immediately.
|
|
|
|
| OMV Makes First Oil Discovery in Libya Since Uprising |
|
|
OMV makes first oil discovery for over two years in Libya saying it and partners Repsol and Total will continue with further drilling in the country despite media reports on security problems.
|
|
|
|
|
| |
|
