Author Archive | editor2

NOC Targets 2.2m bpd Oil in 5 Yrs

Libya has increased its oil production much faster than analysts had expected after last year’s civil war, to a current level of around 1.6 million bpd, according to a report from Reuters. But in recent months operations at refineries and terminals have been disrupted by political activists, as happened this week at Zawiya refinery, which […]

Vivantes Supports Libyan Health System

On 2 November 2012 Dr Andreas Schmitt, CEO of Vivantes International GmbH, and Anwar Moussa, investor in Libya’s private healthcare sector, signed a co-operation agreement in Berlin. Invited guests included representatives from the Senate Chancellery of the Governing Mayor of Berlin, the Senate Department for Business, Technology and Research, as well as Ghorfa e.V., the […]

Libya Boosts OMV Profits

In its third quarter results, Austria energy company OMV had the following comments on its operations in Libya: Clean EBIT increased by 28% to EUR 617 mn, mainly due to higher sales volumes in Libya and favorable FX effects which more than offset the lower oil price and higher exploration expenses (EUR 179 mn vs. […]

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Repsol Profits Up on Libya Recovery

Spanish energy company Repsol has reported that adjusted operating income in third quarter 2012 was €634m, 97% higher than in third quarter 2011. This growth was mainly driven by greater liquids production volume in Libya, higher prices and volumes of Bolivian gas exports (Phase I Margarita) and the positive currency exchange impact, which was partially […]

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Strike Averted at Zawiya Refinery

The employees of the Zawiya Oil Refining Company averted a strike and operations were reported to be running on schedule on Wednesday, but a small demonstration demanding better security for their company would be held. Earlier this week, a group of war veterans demanding better government compensation and medical treatment blocked the entrance to the refinery […]

Al Madar Signs High-Speed Internet Deal

The Al-Madar company has signed an agreement to provide a 3G telecommunications system in Libya. It was signed by the Minister of Communications and Informatics, Anwar Faitouri, and Al-Madar’s Chairman Jamal Alhajaj. The company will provide data speeds of up to 42 Mbps using HSPA+ technology, which will allow much better internet access, including watching […]

Remembrance Day in Tripoli

During his visit to Libya, Minister for International Security Strategy in the British Ministry of Defence, Dr Andrew Murrison, today marked Remembrance Day at the Commonwealth Cemetery in Tripoli. Remembrance Day is an annual day of reflection to remember those who fought and died during the First and Second World Wars, as well as those […]