Author Archive | editor2

MIGA Insures Libyan Beverage and Harissa Plant

The Multilateral Investment Guarantee Agency (MIGA) has announced that it is supporting the ongoing operations and expansion of Jafara Group Limited, a company that produces, bottles, and distributes drinking water, juice, and harissa in Libya. The project was underwritten through MIGA’s Small Investment Program, and is the first use of a World Bank Group lending […]

Libyan Media in Transition

By the Institute for War and Peace Reporting, Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. One year after Colonel Muammar Gaddafi was killed and his regime overthrown, Libya is still struggling to emerge from the chaos of revolution. Despite an election in […]

Hess Profit Doubles due to Libya

Quarterly profit at Hess Corporation has nearly doubled, largely due to the company’s resumed operations in Libya. Hess’s Waha operations in Libya added 23,000 bpd to output, compared to no production in Libya in the same period last year due to civil unrest.

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EPSA 4 Model “Not a Viable Option” for Libya

In 2005, when the first exploration round came out, Libya appeared to be very attractive and companies bid competitively. Dr. Charles Gurdon, Managing Director of MENAS Associates, recently participated in an interview with The Energy Exchange to discuss Libya’s options to attract IOCs as well as the opportunities that present themselves for IOCs in North […]

Maintenance Mostly Completed at Sirte Airport

Maintenance and repair work has been now been completed on most sections of Sirte airport, according to a report from Libya Herald. The airport’s director, Ramadan Ahmed Saghayir, said that work to the air-traffic control tower, the main runway, the supply-runway and all airport navigation systems had now finished, and that a new runway night […]

Video: Building a Free Media in Libya

For decades, the media in Libya served as nothing more than a propaganda tool for the regime of Colonel Muammar Gaddafi. But the revolution has brought change not just to the country’s leadership, but also to its media environment. Over the past year, Libyans have seen an explosion in brand new media outlets. At least […]

UN Special Representative Welcomes New Govt

The Special Representative of the Secretary-General (SRSG) and Head of the United Nations Support Mission in Libya (UNSMIL), Mr. Tarek Mitri, welcomes the formation of the new Libyan Government, and extends his congratulations to Prime Minister Ali Zeidan and members of his Cabinet. SRSG Mitri congratulates the General National Congress, the legitimately elected body chosen […]

UK Foreign Office Welcomes New Libyan Cabinet

Foreign Office Minister Alistair Burt has congratulated the new Ministers on their appointment and offered strong UK support. On 31 October the Libyan National Congress approved the proposed Cabinet presented by Prime Minister Zidan. Foreign Office Minister Alistair Burt said: “I welcome the fact that last night Libya’s General National Congress approved the Cabinet that […]