Author Archive | editor2

AGOCO Tender: Electrification of Oil Wells at Nafoora

The Arabian Gulf Oil Company (AGOCO)‘s Main Tender Committee has announced the following tender: 1. PROJECT TITLE: Electrification of six oil wells at Nafoora field, Project: n-96. BID NO: MTC- 32/2012 BOOK PRICE: 500 L.D. 2. PROJECT TITLE: Study for Electrical engineering protection systems and perform relays adjustment, test & analysis on the ( 33/11/3.3 […]

Eni Denies Claims it’s Downscaling Libyan Production

Italian oil giant Eni has denied reports that it is scaling down operations in Libya due to ongoing concerns about the political and security environment, reports Libya Herald. Unnamed sources at the National Oil Corporation (NOC) have recently been cited in certain Arabic-language papers claiming that Eni was moving part of its investments from Libya […]

TOTAL Eager to Invest in Libya

In the months leading up to the North Africa Oil and Gas Summit 2012, Jean Daniel Blasco, Vice President of TOTAL E&P North Africa participated in an interview with The Energy Exchange to discuss the organization’s opportunities in Libya and North Africa. Libya has commenced activities on rebuilding its economy at an accelerated rate. The […]

Libyan Company Sues Maltese Company over €66.3m Order

The Times of Malta reports that the “Libyan Great Al Fateh 1969 Births Association” (sic) has requested the courts in Malta to issue a warrant of seizure against a Maltese company. The Association claims that B H International Ltd. failed to abide by a 2008 contract for the purchase and delivery of 16,000 cars worth […]

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Security Forces Stop Human Trafficking Operation

A joint operation by Libya’s Border Force and Air Defence Unit put a stop to one of the largest human trafficking operations ever seen in the country, according to unconfirmed reports. According to Libya Herald, Muftah Omar Hamza, commander of the Ali Hassan Al-Jaber Battalion, said that a raid was carried out south of the […]

Can Libya’s New President Rise to the Challenges?

The new President of Libya’s national assembly, Mohammed Magarief [Magariaf], faces many challenges as the country continues to adapt to the post-revolution reality, and top of the list must be improving security and establishing the rule of law throughout the whole country. Events in recent days have brought this into focus, with two car bombs […]

Petroceltic to Expand into Libya?

Brian O’Cathain, Chief Executive Officer of Irish oil and gas company Petroceltic International, has said that the company would consider buying assets in Libya, according to a report from Bloomberg. Petroceltic, which already has assets in Algeria, recently agreed to buy Melrose Resources for £165 million ($259 million) to expand in North Africa and the […]

Infrastructure and Investment Summit, Tripoli, October 2/3

The EU-LIBYA CHAMBER of COMMERCE in coordination with various Media Partners and Supporting Organisations, including Libya Business News, will host the Flagship Investment Summit for 2012, in Libya-Tripoli, a country which is expected to have one of the highest growths in the World this year. At this Libya Post-Revolution Infrastructure and Investment Summit (2nd-3rd October […]