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APR Energy Jumps on Contract Extension Fighting Continues in Benghazi Despite Eid US Travel Warning Weekly Security Update by SNE Special Projects 29 July 2014
 
APR Energy Jumps on Contract Extension

APR Energy Jumps on Contract Extension

Shares in APR Energy have jumped 10 percent in early trading on Tuesday following the publication of its Interim Management Statement for the three months to the end of June. The company reported that, post period, the Ministry of Electricity and GECOL have awarded it an addendum to the 450MW Libyan contract, comprising both the […]

Fighting Continues in Benghazi Despite Eid

Fighting Continues in Benghazi Despite Eid

Libya Herald reported that fighting has continued in the Buatni and Leithi districts of Benghazi on Monday, the first day of Eid, and although it has been noticeably quieter than yesterday and the day before, bombs and explosions could still be heard across the city. Electricity, internet and mobile phone services have largely been restored, […]

US Travel Warning

US Travel Warning

The Department of State warns U.S. citizens against all travel to Libya and recommends that U.S. citizens currently in Libya depart immediately. On July 26, the U.S. Embassy suspended all embassy operations in Libya and relocated staff, due to ongoing violence between Libyan militias in the immediate vicinity of the Embassy. This Travel Warning supersedes […]

Weekly Security Update by SNE Special Projects 29 July 2014

Weekly Security Update by SNE Special Projects 29 July 2014

Tripoli On July 26, the U.S. Embassy in Tripoli temporarily suspended all operations due to the continued deterioration of the security environment in Libya. The U.S. Department of State also released an updated Travel Warning, advising U.S. citizens against all travel to Libya and recommending that those currently in Libya depart immediately. This announcement follows […]

APR Energy Jumps on Contract Extension

APR Energy Jumps on Contract Extension

29 July 2014

Shares in APR Energy have jumped 10 percent in early trading on Tuesday following the publication of its Interim Management Statement for the three months to the end of June. The company reported that, post period, the Ministry of Electricity and GECOL have awarded it an addendum to the 450MW Libyan contract, comprising both the […]

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Posted in Construction & Engineering, Industry & Trade, Oil & Gas0 Comments

Fighting Continues in Benghazi Despite Eid

Fighting Continues in Benghazi Despite Eid

29 July 2014

Libya Herald reported that fighting has continued in the Buatni and Leithi districts of Benghazi on Monday, the first day of Eid, and although it has been noticeably quieter than yesterday and the day before, bombs and explosions could still be heard across the city. Electricity, internet and mobile phone services have largely been restored, […]

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Posted in Security0 Comments

US Travel Warning

US Travel Warning

29 July 2014

The Department of State warns U.S. citizens against all travel to Libya and recommends that U.S. citizens currently in Libya depart immediately. On July 26, the U.S. Embassy suspended all embassy operations in Libya and relocated staff, due to ongoing violence between Libyan militias in the immediate vicinity of the Embassy. This Travel Warning supersedes […]

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Posted in Security0 Comments

Weekly Security Update by SNE Special Projects 29 July 2014

Weekly Security Update by SNE Special Projects 29 July 2014

29 July 2014

Tripoli On July 26, the U.S. Embassy in Tripoli temporarily suspended all operations due to the continued deterioration of the security environment in Libya. The U.S. Department of State also released an updated Travel Warning, advising U.S. citizens against all travel to Libya and recommending that those currently in Libya depart immediately. This announcement follows […]

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Posted in Security, Weekly Security Update0 Comments

Fuel Prices Soar in Tripoli

Fuel Prices Soar in Tripoli

28 July 2014

According to a report from Libya Herald, the cost of fuel has increased sharply as the ongoing clashes at Tripoli International Airport have kept roads closed and fuel scarce. The cost of petrol has risen from LD 0.15/litre before the airport clashes to LD 5/litre, while the price of a cylinder of cooking gas has […]

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Posted in Industry & Trade, Oil & Gas, Security0 Comments

Govt Requests Int’l Help to Extinguish Fire

Govt Requests Int’l Help to Extinguish Fire

28 July 2014

Several news agencies report that Libya has requested international assistance to put out a fire at a large fuel storage depot on Tripoli’s Airport Road . The site, which belongs to the Brega Oil and Gas Company, was hit by a rocket during clashes between rival militia. With a capacity of 6.6 million litres of […]

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Posted in Oil & Gas, Security0 Comments

LTT denies Cutting Internet Services

LTT denies Cutting Internet Services

28 July 2014

Libya Herald reports that the state-owned Libya Telecom & Technology (LTT) has denied rumours that it had intentionally cut internet services or blocked social networking sites. The company has said that the rumours were false and that the disruption was caused by power cuts around the country. Despite having generators, the company was unable to […]

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Posted in Communications, Security0 Comments

Video: Foreigners Urged to Flee

Video: Foreigners Urged to Flee

28 July 2014

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. More than 50 people have been killed in fighting in Libya since Saturday night. Weeks of violence in Benghazi and the capital Tripoli have forced many foreign diplomats to leave the country. Al Jazeera‘s […]

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Posted in Security, Videos0 Comments

Libya’s Top 5 Corruption Scandals

Libya’s Top 5 Corruption Scandals

28 July 2014

From Transparency International. Renewed factional fighting in Libya has claimed more than 150 lives in the past two weeks. The oil rich country is on the verge of becoming a failed state with a powerless central government. This is the haunting legacy of Muammar Gaddafi’s corrupt regime that has left the country in a state […]

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Posted in Banking & Finance, Industry & Trade, Investment, Security0 Comments

Video: Foreigners Urged to Leave Libya

Video: Foreigners Urged to Leave Libya

28 July 2014

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Egypt and several European countries urge their nationals to get out of Libya as spiralling violence between the military and Islamists leaves scores dead.

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Posted in Security, Videos0 Comments

Foster Wheeler Wins Nafusah FEED Contract

Foster Wheeler Wins Nafusah FEED Contract

22 July 2014

Foster Wheeler has announced that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering Company (Taknia), has been awarded a front-end engineering design (FEED) contract by Nafusah Oil Operations B.V. Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 […]

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Posted in Construction & Engineering, Oil & Gas0 Comments

Libya Revives Exports From Sharara

Libya Revives Exports From Sharara

22 July 2014

Oil exports from Sharara, which started again on Monday 21st July, is a sign of the country’s oil industry revival, Wall Street Journal reported on Monday. According to sources familiar with the situation, the first oil tanker will be delivered to the Spanish company Repsol, which is the National Oil Corporation‘s partner in the development […]

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Posted in Oil & Gas, Security0 Comments

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