Author Archive | editor2

Libya Cuts August Crude Oil Prices

Libya’s state-run National Oil Corporation (NOC) has reduced the official August selling price of its benchmark Es Sider crude to the lowest level in almost three years, reports Bloomberg. The price of the blend was cut by $1.60 a barrel to a discount of $1.30 to North Sea Dated Brent, the lowest since at least […]

France’s Nexans Wins $134m Libyan Cable Contract

French multinational cabling manufacturer Nexans has been awarded contracts worth around 110 million Euros ($134 million) by Libya’s PEWCO (Public Electrical Works Company), a wholly-owned subsidiary of GECOL (General Electricity Company of Libya), the state-owned company responsible for the production and distribution of electrical power, to supply cables for projects to upgrade the country’s power […]

Austria’s OMV says Libya Output Close to Pre-Crisis Level

Austrian energy group OMV has said that production in Libya is now close to the level it had been before the uprising that toppled Muammar Ghaddafi. Total production rose to 305,000 barrels of oil equivalent per day from 299,000 in the previous quarter, also helped by higher production in New Zealand. Libya had provided a […]

Foreign Contractors Resorting to Force Majeure under Libyan Law

By Dr. Mohamed Karbal. Re-published with permission by Libya Business News. After decades of oppression and injustice, the Libyans, after many attempts, were finally successful in their eradication of the Gaddafi regime. Peaceful demonstrations initiated by the Libyan people morphed into armed conflict due to the irresponsible and brutal acts of the regime. As a […]

Lord Marland to lead MEA’s Libya Trade Mission

The UK’s Middle East Association is delighted to announce that Lord Marland, Chairman of the UK’s Business Ambassadors Group and Parliamentary Under Secretary of State for the Department of Energy and Climate Change, will be leading the MEA’s Trade Mission to Tripoli (16th – 20th September). To sign up for a mission prospectus, containing full […]

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