Author Archive | editor2

Pak Libya Holding Company Assigned ‘AA-, A1+’ Ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term ratings of Pak Libya Holding Company (pvt) Limited at “AA-” (Double A minus) and “A1+” (A one Plus), respectively. The rating of the PPTFC Certificate of Rs 750 million is maintained at “AA” (Double A). The ratings denote a very low expectation of […]

Libya’s National Oil Corporation Discovers New Oil Field

Libya’s National Oil Corporation (NOC) has announced that the Arabian Gulf Oil Company (AGOCO), wholly owned by the NOC, has drilled the D1-NC8 New field wildcat well to a total depth of 7,020 feet. The well is located in Ghadames Basin approximately 400 km south of Tripoli City. The initial production testing from Tahara, Ouan […]

Algeria’s Sonatrach to Resume Drilling in Libya

Reuters reports that Algerian state energy firm Sonatrach is to resume exploratory drilling in Libya by the end of June, having suspending work because of last year’s uprising. Sonatrach has exploration rights in the Ghadames basin, near the border between the two countries. Libya’s National Oil Company recently announced the discovery of oil at one […]

Video: Introducing US Ambassador to Libya, Chris Stevens

Born in April 1960 and raised in northern California, Chris Stevens earned his undergraduate degree at the University of California at Berkeley in 1982, a JD from the University of California’s Hastings College of Law in 1989, and an M.S. in National Security Studies from the National War College in 2010. He was also a […]

Kuwait Energy hosts Libyan Oil Delegation

Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced that it has hosted a delegation of officials from Libyan national oil companies for a full day workshop to provide them with insights and guidance in ways to rebuild the Libyan energy industry. Kuwait Energy […]

S. Korea, Libya Discuss Economic Cooperation

The foreign minister of South Korea, Kim Sung-hwan, met his Libyan counterpart, Ashour Bin Khayal, in Seoul on Tuesday to discuss enhancing bilateral relations, as Seoul seeks to increase its post-war reconstruction role in the North African country, according to a report from Yonhap News Agency. The ministers discussed Korea’s efforts to support Libya’s reconstruction, […]

US Renews Commitment to Stand By Libyan People

Statement from US Embassy (A/S Posner) in Tripoli, 31st May 2012: Today we concluded a very successful human rights dialogue with the Libyan government. Our two days of discussions covered a range of important issues, including the upcoming parliamentary elections, detention policies and practices, freedom of expression, and issues relating to accountability and reconciliation. I […]

Golf is Returning to Libya

Golf is returning to Libya, as a sport and as a business, according to a report from KAJ18. The sport was reportedly phased out during Muammar Gaddafi’s regime, but courses are re-opening now that the dictator is gone. The playing conditions are not what Americans are used to as the greens are described as “nothing […]

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