Author Archive | editor2

Parts of Trump Travel Ban to take Effect

The US Supreme Court decided on Monday to allow parts of President Trump’s travel ban to go into effect. The ban, which prohibits people from Iran, Libya, Somalia, Sudan, Syria and Yemen from entering the US for 90 days, is expected to take effect within days, but it will not apply to people who have […]

Ocean Installer Wins Contract at Al-Jurf Field

Norwegian-based subsea company Ocean Installer has been awarded a SURF (Subsea structures, Umbilicals, Risers and Flowlines) project at the Libyan Al Jurf oil field in the Mediterranean. The client is Mabruk Oil Operations, a joint venture between Total E&P and the Libya’s National Oil Cooperation (NOC). The work scope encompasses the replacement of a 10” […]

LFB Defends $109 Legal Case

By John Lee. A Tunisian court has ruled in favour of the Libyan Foreign Bank (LFB) in the case brought against it by the Tunisian company LMS. LMS claimed that LFB owed it $108.7 million for fuel shipments during the 2011 Libyan revolution. However, the court of appeal found that LMS had failed to deliver […]

NOC Chairman meets with OMV

On Wednesday 21 June 2017, Mustafa Sanalla, NOC Chairman, held a meeting with Johann Pleininger, the Executive Officer for Upstream (Exploration and Production) of Austria’s OMV. The meeting was attended by Abulgasem Shingheer and Elamari Mohamed Elamari Members of the Board of Directors, Mr. Nasser Zumit Chairman of the Management Committee of Zueitina Oil Company […]

Czech Govt to increase Aid to Libyan Coast Guard

By John Lee. The Czech Prime Minister has told journalists that he would discuss increasing aid to the Libyan coast guard with the relevant ministers of his government. Bohuslav Sobotka (pictured) said the financial aid would be used for the protection of the external border, on which the Czech concept of fighting illegal migration is […]

GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Libya Business News readers. Prepared by GardaWorld’s Risk Analysis Team in the country, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of […]

Mogherini: Appt of UN Envoy comes at Crucial Moment

The appointment of Ghassan Salamé as the United Nations Secretary General’s Special Representative for Libya and Head of the United Nations Support Mission in Libya (UNSMIL) comes at a crucial moment for the Libyan Peace Process, EU High Representative for Foreign Affairs Federica Mogherini has said in a statement. “I am confident that with Mr […]

Kobler: Swift Return of Tawerghan IDPs is Crucial

Special Representative of the Secretary-General for Libya and head of the United Nations Support Mission in Libya (UNSMIL), Martin Kobler, urges the Presidency Council to make concrete arrangements for the swift implementation of the Misrata-Tawergha agreement endorsed this week and to ensure that its implementation conforms to international human rights standards. He further stressed that […]